David I.  McKay net worth and biography

David McKay Biography and Net Worth

CEO & President of Royal Bank of Canada
Dave McKay is President and CEO of RBC, Canada’s biggest bank, and one of the largest in the world based on market capitalization. He is reimagining the future of financial services to help RBC’s clients thrive and communities prosper.

An unwavering champion of innovation, big ideas, and creativity, Dave is actively transforming RBC for the future, harnessing the power of transformational technologies like artificial intelligence to deliver digitally-enabled, client centric advice, insights and experiences. Dave is also a leading force behind RBC’s ‘beyond banking’ strategy, building ecosystems, like RBC Ventures, that enable RBC to participate in a broader part of the client journey and value chain. In his home market, he is a passionate advocate for Canada’s future prosperity and preparing youth for the future of work through the support and development of RBC Future Launch, a 10-year, $500 million commitment to help young people build the skills required to succeed in a changing world. Dave is also the Chair of RBC’s Diversity Leadership Council, and is strongly committed to driving RBC’s diversity and inclusion vision forward.

Dave joined RBC in 1983 as a co-op student in computer programming before moving to the organization’s retail banking arm. He then held progressively senior roles in retail and business banking, group risk management, and corporate banking. He became Group Head of Canadian Banking in 2008. During his tenure leading the division, Dave helped reinvent the bank’s retail operations, introducing new technology that has enabled RBC to adapt and evolve to rapidly-changing consumer demands.

Shortly after being appointed President and CEO in 2014, he led the acquisition of City National Corporation, creating a platform for growth with institutional, corporate and high net worth clients in the U.S.

Dave holds a Bachelor of Mathematics and an honorary Doctor of Mathematics degree from the University of Waterloo. He also holds an MBA and an honorary Doctor of Laws degree from the Richard Ivey School of Business at the University of Western Ontario, and an honorary degree from Ryerson University. He is both a member and a Board of Director at the Business Council of Canada, a member of the U.S. Business Council, and a Board of Director with the Institute of International Finance (IIF). Dave also serves on the Catalyst Canada Advisory Board and is the chair of the Business/Higher Education Roundtable, which brings together Canada’s top businesses, universities and colleges to find ways to better link workplaces and classrooms.

How old is David I. McKay?

Mr. McKay is currently 61 years old. Learn More on David I. McKay's age.

How do I contact David I. McKay?

The corporate mailing address for Mr. McKay and other Royal Bank of Canada executives is 200 BAY STREET, TORONTO A6, M5J2J5. Royal Bank of Canada can also be reached via phone at (888) 212-5533 and via email at [email protected]. Learn More on David I. McKay's contact information.

Has David I. McKay been buying or selling shares of Royal Bank of Canada?

David I. McKay has not been actively trading shares of Royal Bank of Canada in the last ninety days. Learn More on David I. McKay's trading history.

Who are Royal Bank of Canada's active insiders?

Royal Bank of Canada's insider roster includes Derek CFA (Group Head & CEO of RBC Capital Markets), and David McKay (CEO & President). Learn More on Royal Bank of Canada's active insiders.

David I. McKay Insider Trading History at Royal Bank of Canada

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David I. McKay Buying and Selling Activity at Royal Bank of Canada

This chart shows Mr. David I. McKay's buying and selling at Royal Bank of Canada by year and by quarter.

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Royal Bank of Canada Company Overview

Royal Bank of Canada logo
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.
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Today's Range

Now: $121.79
Low: $121.22
High: $122.98

50 Day Range

MA: $123.34
Low: $120.91
High: $126.51

2 Week Range

Now: $121.79
Low: $85.02
High: $126.96

Volume

359,499 shs

Average Volume

1,349,137 shs

Market Capitalization

$172.17 billion

P/E Ratio

14.73

Dividend Yield

3.42%

Beta

0.86