David McKay
| David McKay link (Banker) | |
|---|---|
| File:David McKay.png | |
| Born | David I. McKay 1963 Montreal, Quebec, Canada |
| Nationality | Canadian |
| Alma mater | University of Waterloo, Ivey Business School |
| Children | 2 |
| Spouse | Karen McKay |
President and CEO of the Royal Bank of Canada who committed to $100 billion in "sustainable financing". Bilderberger | |
David I. "Dave" McKay is the President and CEO of the Royal Bank of Canada (RBC), one of Canada’s largest banks and one of the largest banks in the world by market capitalization.[1] He attended the 2015 and 2017 Bilderberg meetings.
Background
McKay was born in Montreal, Quebec, where he grew up. His father was an entrepreneur and small business owner. He holds a Bachelor of Mathematics degree and an honorary Doctor of Mathematics degree from the University of Waterloo. He also holds a Master of Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario.
Career
McKay joined RBC in 1983 as a co-op student in computer programming before moving to the organization's retail banking arm. After completing his master's degree in 1992, he returned to RBC, working in progressively senior roles in Canada and Japan in retail and business banking, group risk management, and corporate banking.
McKay was Senior Vice President of Financing Products, then Executive Vice President of Personal Financial Services. McKay went on to lead RBC's retail banking portfolio, first as Group Head of Canadian Banking (2008–12) and as Group Head of Personal and Commercial Banking worldwide (2012–14).[2][3]
McKay was appointed President of RBC on February 26, 2014[4] and chief executive officer and Director of the Board on August 1, 2014, succeeding Gord Nixon in these roles.[5]
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.
Under his leadership in 2019, the RBC Climate Blueprint committed to $100 billion in sustainable financing by 2025. The following year, RBC became the first Canadian bank to sign a long-term power purchase agreement for renewable energy.