RBC appoints new president and CEO for RBC Direct Investing
Jason Storsley to oversee asset growth and strategy development
TORONTO, January 7, 2009 — RBC Royal Bank is
pleased to announce the appointment of Jason Storsley to the
position of president and CEO of RBC Direct Investing, effective
February 1, 2009.
Storsley will be responsible for developing strategy, growing
assets under administration, guiding existing sales and expanding
the revenue and market share of RBC Direct Investing.
"Our clients and business partners will benefit from
Jason's knowledge and understanding of the industry,"
says Ashif Ratanshi, Head of Branch Investments, Deposits
and Direct Investing, RBC Royal Bank. "His knowledge
of the investment industry and strong commitment to delivering
the best possible client service make him an ideal fit for
Most recently, Storsley led the Global Institutional Management
team and was Head of Global Equity Research for RBC Asset
Management. He was also a member of the RBC Investment Strategy
Committee and the RBC Investment Policy Committee, both key
economic and capital markets forecasting groups within RBC.
About RBC Direct Investing
RBC Direct Investing, one of Canada's leading discount brokers,
is a wholly owned subsidiary of Royal Bank of Canada, providing
leading-edge tools and resources for investors who prefer
to manage all or a portion of their investment portfolio.
Clients have access to their investments 24/7 online or by
phone and can choose from a broad
range of investment products including stocks, bonds, GICs,
T-bills and over 2,500 mutual funds. Clients can qualify for
trade commissions as low as $6.95 flat (www.rbcdirectinvesting.com/lowtrades)
and have exclusive access to over 40 Series D.
RBC Funds across a variety of asset classes
with lower management fees starting from 0.68 per cent (www.rbcdirectinvesting.com/seriesd).
Independent rating agency, Dalbar Inc. selected RBC Direct
Investing for its 2007
Direct Brokerage Service Award, rating it number #1 overall
for customer service among discount brokers in Canada, a trend
continued in the first two quarters of 2008. Visit our website
- 30 -
For more information, please contact:
Kerry Gaetano, (905) 816-5583, email@example.com