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Executive Profiles

 
Peter Armenio PETER ARMENIO
Group Head,
U.S. & International Banking
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As Group Head, U.S. & International Banking, Peter Armenio is responsible for RBC’s banking operations outside of Canada, including RBC Centura, with more than 340 branches in six U.S. states, and RBC’s Caribbean banking operations. Peter also oversees RBC’s 50 per cent ownership in RBC Dexia. As a member of RBC’s Group Executive, he is one of eight executives responsible for setting the overall strategic direction of RBC.

Prior to his current role, Mr. Armenio was Group Head, RBC U.S. and International Personal and Business, with global responsibility for RBC’s personal and business client segments outside of Canada, which included banking and investments in the United States, banking in the Caribbean, and global private banking internationally.

From May 2003 to November 2004, Mr. Armenio was President of RBC Investments, responsible for RBC’s global wealth management businesses, which included Canadian & International Brokerage (full service brokerage, self-directed brokerage, private counselling, trust services and private banking), Financial Planning, Global Private Banking, Global Asset Management (including Royal Mutual Funds, and Voyageur Asset Management), and RBC Dain Rauscher.

Before that, he was President and Chief Operating Officer of RBC Dain Rauscher. Based in Minneapolis, he had management responsibility for the retail and fixed income businesses and related functions (Private Client Services, PCG Equity Research, RBC Dain Correspondent Services and Voyageur Asset Management).

Prior to joining RBC Dain Rauscher in 2001, Mr. Armenio spent 18 years at RBC Dominion Securities, RBC’s Canadian broker-dealer. He started as a financial consultant and progressively held the titles of branch manager, regional manager, divisional manager, national sales manager and head of the Private Client Division. Between 1999 and 2001, he was responsible for all of domestic Canadian private client businesses.

Born in New York, Mr. Armenio is married with three children. He has a business degree from Concordia University in Montreal and is a fellow of the Canadian Securities Institute.



 

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