Royal Bank of Canada is shuffling its leadership ranks and breaking its largest division into two in one of the biggest reorganizations of Dave McKay’s decade-long tenure as chief executive officer.
Canada’s largest bank is moving Neil McLaughlin, the longtime head of its personal and commercial banking division, into a new role as chief of wealth management. Doug Guzman, who leads that business now, will become deputy chair and remain on the executive leadership team.
The P&C unit will be split, with Erica Nielsen taking over as head of personal banking and Sean Amato-Gauci leading the commercial ...
