RBC Investor Day 2025

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 big ideas and bold ambition, Dave is actively transforming RBC with a focus on deepening client relationships and delivering personalized advice and insights that people and businesses can’t get anywhere else. Under his leadership, the bank is bringing more value to clients through unique partnerships with leading brands and investing in technology that helps clients make better decisions.

Dave has led strategic acquisitions across several key markets accelerating growth and expanding the bank’s global presence, including City National Corporation in the U.S. and Brewin Dolphin in the U.K. Most recently, he guided the bank through the once-in-a-generation acquisition of HSBC Bank Canada, expanding RBC’s global banking capabilities and further positioning it as the bank of choice for internationally connected clients.

In his home market, he is a passionate advocate for Canada’s future prosperity and preparing youth for the future of work, he is also the Chair of RBC’s Diversity Leadership Council.

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 for the digital age and rapidly changing consumer expectations.

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 Toronto Metropolitan University. Dave has served on the Board of Trustees for the Hospital for Sick Children (SickKids) and on the University of Waterloo Board of Governors. Currently, he is both a member and a Board of Director at the Business Council of Canada, a member of the U.S. Business Council, a Board of Director with the Institute of International Finance (IIF) and the Bank Policy Institute (BPI). 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.

Among his many business leadership achievements, Dave is a Member of the Order of Ontario, a recipient of the Ivey Business Leader of the Year Award and was named Canada’s Outstanding CEO of the Year for 2022.

Dave is a LinkedIn Influencer. You can follow him here.

Derek Neldner is CEO and Group Head of RBC Capital Markets and is a member of RBC’s Group Executive. Derek has global oversight of the firm and, along with the Capital Markets Operating Committee, sets the growth strategy for RBC’s Corporate & Investment Banking and Global Markets business activities worldwide. Together with other members of Group Executive, Derek is also responsible for setting the overall strategic direction of RBC.

Derek joined RBC in 1995 and has held a broad array of responsibilities across the firm, and served as Global Head of Investment Banking prior to his current role. He has significant experience across all aspects of investment banking including mergers and acquisitions, debt and equity financing, and he continues to provide senior coverage and advice to a number of the firm’s most significant clients.

Derek has a longstanding commitment to philanthropy and giving back to the community. In addition to his role on the Business Advisory Counsel for the University of Alberta, School of Business, he also currently volunteers with a variety of charitable organizations including serving as a member of the 2023 United Way Campaign Cabinet as Finance Sector Chair and Board Member of The Hospital for Sick Children (SickKids) Foundation.

Derek holds a Bachelor of Commerce degree in Finance from the University of Alberta and is a Chartered Financial Analyst (CFA), as designated by the CFA Institute. Derek is married with four children and lives in Toronto, Canada.

As Group Head, RBC Wealth Management, Neil McLaughlin has global oversight and strategic leadership of RBC’s wealth management businesses, including wealth advisory businesses in Canada, the United States, Europe and Asia, RBC Global Asset Management, RBC Investor Services, and RBC’s online brokerage, RBC Direct Investing. These businesses provide industry-leading wealth management solutions to individuals, families, and institutions globally, including advice-led and self-directed investment, credit, asset management and asset servicing solutions.

Together with other members of Group Executive, Neil is responsible for setting the overall strategic direction of RBC.

Prior to his current position, Neil was Group Head, Personal & Commercial Banking, where he was responsible for RBC’s banking businesses in Canada, the Caribbean and the U.S., including personal and commercial financial services, credit cards and payments, and digital solutions, as well as RBC’s sales and branch distribution, operations and advice centres. He was also responsible for RBCx, the tech banking and innovation group focused on re-imagining the role RBC plays in clients’ lives now and for the future. Neil played a critical leadership role throughout RBC’s acquisition and integration of HSBC Bank Canada, including executing a complex close-and-convert transition within a single weekend.

He joined RBC in 1998 and has held a wide range of senior management and executive positions including roles in commercial banking, credit card and personal lending, marketing, and risk.

Neil currently serves on the Sunnybrook Foundation Board of Directors. He holds a Bachelor of Commerce degree and an MBA, and lives in Toronto with his wife and their two children.

Greg Carmichael brings extensive experience to the Board of Directors of City National Bank and serves as its executive chair. Additionally, he serves as executive chair of RBC U.S. Group Holdings, LLC, RBC’s intermediate holding company in the U.S. (the “IHC”).

Prior to joining City National and RBC, Greg was executive chair of the Board of Directors of Fifth Third Bancorp, one of the nation’s largest commercial banks and the ninth-largest U.S.-based consumer bank (approximately $220 billion in assets). During his time at Fifth Third, he oversaw significant growth in assets and built a reputation for a strong focus on customers and leading-edge innovation. He has a deep background in both technology and operations. Greg became chief executive officer (CEO) at Fifth Third in 2015, followed by CEO and chairman in 2018 and executive chair in 2022. Prior to CEO, Greg was appointed president in 2011 and named chief operating officer (COO) in 2006. Prior to 2006, Greg was chief information officer (CIO) at Fifth Third Bank.

Greg also served as corporate vice president and global CIO of Emerson Electric (1999-2003) and division vice president and CIO of Emerson Power Transmission (1996-1999). From 1985-1996, he held various information technology and leadership roles at General Electric.

Greg was named by American Banker as one of the “24 people [who] changed banking in 2024.”

Active in the community, Greg was the campaign chair of the United Way of Greater Cincinnati, board of trustees member for Bethesda Inc. and board of trustees member for the Cincinnati Museum Center.

Greg is currently serving on the boards of Encompass Health, Hauser Private Equity, Dragonfly Corporation and the Fischer Homes Group.

Greg holds a bachelor’s degree in computer science from the University of Dayton and a master’s of science from Central Michigan University.

As Group Head, Personal Banking, Erica is responsible for RBC’s personal banking businesses in Canada, the Caribbean and the U.S. Together with other members of Group Executive, Erica is responsible for setting the overall strategic direction of RBC.

In her previous role as Executive Vice President of Personal Financing Products she set the strategic direction for RBC’s consumer lending businesses in Canada, including home equity financing, unsecured personal lending, specialized segments, and automotive financing. She also led RBC’s international banking businesses, including RBC Bank U.S., serving the U.S. banking needs of Canadians, and RBC’s Caribbean Banking business, providing personal, commercial and corporate banking services across that region. Her deep business experience, strategic vision and strong capability to rally teams to outperformance were critical to the successful HSBC Bank Canada acquisition.

Erica joined RBC in 2013 and has held increasingly senior executive roles across RBC’s consumer businesses where she set the strategic direction and led all lines of business that serve RBC clients’ personal banking, saving, financial planning, and investment needs. This portfolio included: Chequing, Personal Payments, Savings, Term Investments, Mutual Funds Distribution, RBC Direct Investing, RBC InvestEase, and Financial Planning, as well as the client segments for Newcomer, Youth & Young Adult, Healthcare, and Workplace Strategy & Group Products.

Prior to joining RBC in 2013, Erica was an Associate Partner with Oliver Wyman.

Erica holds an Honours Bachelor of Commerce from the I.H. Asper School of Business at the University of Manitoba and an MBA from the Richard Ivey School of Business at the University of Western Ontario. She is a member of the Executive Council of the Canadian Bankers Association, and co-chair of the RBC Canadian Banking Women’s Forum. Erica is a committed advocate and mentor for young talent across the bank, and in 2022, she was recognized as one of Canada’s Most Powerful Women through the Women’s Executive Network (WXN) Top 100 Women awards for her commitment to empower and champion others.

As Group Head, RBC Commercial Banking, Sean is responsible for RBC’s commercial banking business and leading the business strategy to drive growth and deliver world-class capabilities to small business, commercial and corporate business clients, including commercial clients with international needs and globally connected clients. Together with other members of Group Executive, Sean is responsible for setting the overall strategic direction of RBC.

Sean joined RBC in 1995 and has held progressively senior positions across Personal & Commercial Banking, Group Risk Management and Finance, including executive positions leading Consumer Banking, Credit Cards, Payments, Rewards, Digital, Home Equity Financing, and Portfolio Management & Credit Strategies.

In his most recent role as Executive Vice President & Head, Business Financial Services, Sean set the strategic direction and led RBC’s market-leading business banking division across diverse sectors, including Agriculture, Real Estate, Manufacturing, Retail, Healthcare, Transportation and Logistics, and Technology.

Today, Sean is also active in several community initiatives including Ernestine’s Women’s Shelter.

Sean has a Bachelor of Commerce degree from Toronto Metropolitan University and is a Chartered Professional Accountant (CPA).

As Chief Financial Officer, Katherine has oversight of RBC’s Finance, Corporate Treasury, Taxation, Investor Relations, Performance Management and Corporate Development teams globally. She is a member of RBC’s Group Executive, which is responsible for setting the overall strategic direction of the bank.

Katherine joined RBC 22 years ago and has held a range of senior positions within CFO Group, serving as a strategic co-pilot to both business and functional executives in ensuring strong alignment between the bank’s strategy and financial performance. Prior to her current role, Katherine was Senior Vice President, Enterprise Finance & Controller with responsibility for head office Finance globally, including all external, board and management reporting, accounting policy and financial management systems. She has also served as Senior Vice President, Wealth Management, Investor & Treasury Services and Insurance Finance, and Vice President, Enterprise Optimization. In addition, she has held board positions on some of RBC’s domestic and global subsidiaries.

Throughout her tenure, Katherine has demonstrated her commitment to RBC’s Purpose of helping clients thrive and communities prosper, and the bank’s values and culture. She served as Chair of the ESG Disclosure Committee, and has sat on the Enterprise Diversity Leadership Council, which drives RBC’s diversity and inclusion strategic priorities.

Beyond her professional accountabilities, Katherine chairs the Audit Committee for Pathways to Education, which focuses on breaking down barriers to education for youth from low-income communities across Canada. She also co-founded Metropolitan Toronto University’s Opt-in program, which supports women returning to the workforce.

Katherine is a CPA, a CA and a graduate of the University of Manitoba, with an honours Bachelor of Commerce degree.