RBC Investor & Treasury Services appoints Erik Morgan as Head of Global Due Diligence

London, January 29, 2018 – RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of Erik Morgan as Managing Director, Head of Global Due Diligence.

Morgan joins RBC I&TS from J.P. Morgan where he was most recently Executive Director, Wholesale Client Onboarding, and helped to establish the firm’s Quality Assurance programme and reengineered the KYC (Know Your Client) due diligence practices and procedures. Prior to that, Morgan was EMEA Head of KYC and Head of Global Remediation at HSBC Bank Plc. He has also held similar roles at other investment banks including Barclays, Goldman Sachs and Societe Generale.

At RBC I&TS, Morgan is based in London and reports jointly to Andrea Horton, Global Head of Governance & Regulatory Solutions and Joanna Meager, Global Head of Client Operations. Horton said: “Erik’s wealth of experience in this area will benefit RBC I&TS greatly in our efforts to enhance all client due diligence activities across the business, and develop client-centric solutions”.

Morgan joins RBC I&TS following a number of senior announcements in 2017. These include, David Brown and Marian Azer, who joined RBC I&TS in Sydney, as well as Pat Sanderson in the U.K. and Hong Paterson in Singapore. Annette NiebuhrGeert Pick and Aneet Shah also joined the product management group, and Wendy Phillis joined Governance & Regulatory Solutions in London.

About RBC Investor & Treasury Services

RBC Investor & Treasury Services (RBC I&TS) is a specialist provider of asset services, custody, payments and treasury services for financial and other institutional investors worldwide. We serve clients from 17 countries across North America, Europe, Asia and Australia, delivering services to safeguard client assets and maximize liquidity. As a strong, stable partner, focused on meeting our clients' evolving needs, RBC I&TS has an unwavering commitment to managing operational risk in our business and the highest credit ratings among our peers. Rated by our clients as the #1 global custodian for seven consecutive years, RBC I&TS is trusted with CAD 4.3 trillion in client assets under administration as at October 31, 2017.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 80,000 employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 16 million clients in Canada, the U.S. and 35 other countries. For more information, please visit rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-sustainability/.

For more information, please contact:

Harriet Leatherbarrow
+44(0)207 324 5483
harriet.leatherbarrow@greentarget.co.uk