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RBC names first recipients of RBC Royal Bank scholarship for new Canadians

Award recognizes young people who have been through the immigration experience

TORONTO, November 17, 2007 — Seven students from British Columbia, Alberta, Ontario and Quebec were selected from among hundreds of applicants to be the first recipients of the RBC Royal Bank Scholarship for New Canadians. Each will receive $2,000 toward their post-secondary education expenses and were honored at a special dinner in Toronto this evening.

Recognizing the important role immigration plays in Canada's social, cultural and economic development, RBC launched this scholarship program specifically for young people who have been through the immigration experience. Recipients of the scholarship were selected for their understanding of the role that immigration played in Canada's history, compelling accounts of their personal experiences, commitment to educational excellence and desire to help other new Canadians.

"Our award winners come from India, China, and South Africa, and have career aspirations in medicine, finance and the arts," said Mark Whitmell, director, Cultural Markets. "The willingness of our winners to share their personal experiences is worthy of recognition and we applaud their resourcefulness and perseverance during a time of change in their lives. It is a pleasure to be acknowledging them through the RBC Royal Bank Scholarship for New Canadians."

The winners of the RBC Royal Bank Scholarship for New Canadians for 2007 are:

Elaine Deng, age 18
Country of Origin: China
Hometown: Burnaby, British Columbia
Program: Emily Carr Institute of Art and Design, Vancouver
Ambition: Graphic Designer

Shradha Gaikwad, age 18
Country of Origin: India
Hometown: Mississauga, Ontario
Program: Business Administration, York University, Toronto
Ambition: Accounting, Finance or Economics

Aravind Ganesh, age 17
Country of Origin: Kerala, India
Hometown: Red Deer, Alberta
Program: Bachelor of Science (Biological Sciences), University of Calgary
Ambition: Medicine

Kate Greeff, age 18
Country of Origin: Cape Town, South Africa
Hometown: Lethbridge, Alberta
Program: Bachelor of Science (biochemistry), University of Lethbridge
Ambition: Health or Education

Kimberly Koch, age 18
Country of Origin: Cape Town, South Africa
Hometown: Merrickville, Ontario
Program: Biochemisty, McGill University, Montreal
Ambition: Medical Research

Nischal Ranganath age 18
Country of Origin: India
Hometown: Mississauga, Ontario
Program: Bachelor of Health Science, McMaster University, Hamilton
Ambition: Medicine

Mo Zhu, age 18
Country of Origin: Qingdao, China
Hometown: Barrie, Ontario
Program: Commerce, Queen's University, Kingston
Ambition: Financial Analyst

"The RBC Royal Bank Scholarship for New Canadians was created to help new immigrant students go that much further towards realizing their fullest potential," added Whitmell. "We have always recognized the importance new Canadians place on education and that many immigrant families consider their children's education as one of their greatest priorities. However, when we commissioned a survey of new Canadians this year we learned that the great majority place saving for their children's education as a greater priority than saving for their own retirement or paying down a mortgage. It was information like this that makes us even more pleased to recognize the accomplishments of our seven winners."

Applicants were asked to share their views on how immigration has shaped Canada, including personal experiences, and advice to others going through a similar experience. The selections were made by a judging panel comprised of school educators, industry experts, RBC Royal Bank employees, and an independent scholarship administrator.

For more information on award recipients along with details about the application deadline for 2008, visit www.rbcroyalbank.com/scholarships/newcanadians/index.html

For further information on financial goals of new immigrants, visit www.rbc.com/canada/index.html

- 30-

Media Contact:
Irene Tang, Dynasty Communications,
(905) 907-6911, ext. 220

Judi Levita, RBC Media Relations, (416) 974-8810

 



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