RBC International Banking appoints Suresh Sookoo
Chief Executive Officer of Caribbean Banking
TORONTO and PORT OF SPAIN, November 8, 2010 — RBC
International Banking, part of Royal Bank of Canada (RY on
TSX and NYSE), today announced that Suresh Sookoo, currently
chief executive officer of RBTT Financial Group (RBTT), has
been appointed chief executive officer, Caribbean Banking.
Mr. Sookoo's responsibilities now encompass Caribbean-wide
oversight of retail, business and corporate banking operations.
"Suresh's deep understanding of our business and his
proven success as a leader make him the ideal person for this
expanded role," said Jim Westlake, group head, RBC International
Banking. "Suresh will focus on integrating our businesses
onto a common platform across the Caribbean, enhancing the
end-to-end and client experience by simplifying the way we
do business, and improving the productivity in our banking
network."
RBC acquired RBTT in 2008 and Mr. Sookoo's appointment represents
the next step in the integration of RBC Caribbean Banking
businesses. RBC has one of the most expansive banking networks
in the Caribbean with a presence in 20 countries and territories
across the region, 129 combined branches and close to 7,000
employees serving more than 1.6 million clients across the
region.
Suresh Sookoo
As chief executive officer of RBC's Caribbean Banking, Mr.
Sookoo has Caribbean-wide oversight of retail, business and
corporate banking operations. He has been chief executive
officer of RBTT since 2006.
Mr. Sookoo joined RBTT in 1974 and has held senior positions
in Corporate and Commercial Banking, Risk Management and Finance.
He obtained a Bachelor of Science degree in Management Studies
and an Executive Masters in Business Administration (Distinction)
from the University of the West Indies.
About RBC
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries
operate under the master brand name RBC. We are Canada's largest
bank as measured by assets and market capitalization, and
among the largest banks in the world, based on market capitalization.
We are one of North America's leading diversified financial
services companies, and provide personal and commercial banking,
wealth management services, insurance, corporate and investment
banking and transaction processing services on a global basis.
We employ approximately 78,000 full- and part-time employees
who serve close to 18 million personal, business, public sector
and institutional clients through offices in Canada, the U.S.
and 51 other countries. For more information, please visit:
rbc.com.
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Media Contacts:
RBC, Toronto: Gillian McArdle,
Telephone: 416 974 5506
RBC, Caribbean Banking, Port of Spain:
André C. Roberts, Telephone: 868 625 7288
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