Rochester, NY 8/21/2009 8:56:53 PM
Royal Bank of Canada, RY - Royal Bank of Canada to Emphasis More on Teamwork
Royal Bank of Canada
The company’s emphasis on teamwork and modest expansion plans have helped Royal Bank of Canada stay ahead of Canada's other large banks, says CEO Gordon Nixon. "We don't tolerate fiefdoms and so forth," he says. "We can have the hottest-shot trader in the world, but if he doesn't comply with the culture and values of the organization, we don't want that person being part of the bank."
Royal Bank of Canada is a diversified financial services company. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis.
The Company operates through five business segments: Canadian Banking, Wealth Management, Insurance, International Banking and Capital Markets. In August 2008, the Company completed the acquisition of Richardson Barr & Co., an energy advisory firm specializing in acquisitions and divestitures in the exploration and production sector.
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