Doug McGregor, group head at RBC Capital Markets and RBC Investor & Treasury Services (I&TS), is to retire in January 2020 after 37 years at the bank.
McGregor joined RBC in 1983 and held a variety of senior roles at the bank, becoming Capital Markets CEO in 2008. He assumed responsibility for Investor & Treasury Services in 2012.
From November, McGregor will become chairman of RBC Capital Markets.
Doug Guzman, currently group head, wealth management and Insurance, will assume leadership from McGregor.
Francis Jackson, CEO of investor services, will report to Guzman with I&TS continuing to report as its own business segment.
In addition, Derek Neldner, global head of investment banking at RBC Capital Markets, has been appointed group head, Capital Markets, effective from 1 November.
Nelder will join RBC's group executive as one of the ten executives responsible for setting the overall strategy for the bank, reporting to Dave McKay.
Neldner joined RBC in 1995, and is currently global head of investment banking.
Elsewhere, Mike Bowick will be appointed president, RBC Capital Markets. Reporting to Neldner, Bowick will continue to be responsible for the global markets business and treasury market services operations.
Harry Samuel is set to depart RBC I&TS, where he served as CEO for more than five years, after serving at the firm for a total of 30 years.
Commenting on Mcgregor’s departure, McKay said: "Doug Mcgregor will be leaving the business well-positioned for continued success and on behalf of the board of directors, our shareholders, clients and employees, I'd like to thank him for his significant contributions to RBC. His leadership of the business and in the industry have been exemplary, and we wish him all the best in his retirement."
He added: "Derek Neldner has an outstanding track record in leadership and in delivering strong business value. His focus on building deep relationships with a global client base and attracting and retaining top talent, coupled with his sound judgment and prudent approach to risk, position him well to lead this important global business and contribute to RBC's overall strategy.”
