Industry veteran joins RBC Investor & Treasury Services as the specialist provider targets future growth in Australia

Sydney, November 13, 2017 – RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of David Brown as Managing Director, Head of Global Client Coverage (GCC) Australia.

Brown joins RBC I&TS with over 29 years’ experience in financial services, predominantly in custody and asset management. The majority of this time was spent at J.P. Morgan where he was most recently, Executive Director, Sales and Relationship Management, Australia. Brown joined J.P. Morgan in 1997 and has held senior client-facing roles in Australia and Japan.

Reporting to David Travers, Managing Director, Head of I&TS Australia, Brown will be responsible for leading all sales and client coverage activities in the region, and developing the business to gain further momentum with existing and new clients.

Commenting on the appointment, Travers said: “As we look to grow market share in the region, David’s proven track record for developing businesses, coupled with his deep industry experience will significantly bolster our competitive position”. He added: “Over the last year, we have been heavily focused on investing in technology, and our people, to ensure we offer clients an exceptional partnership that evolves as their needs’ change.”

Throughout 2017, RBC Investor & Treasury Services has continued to attract strong talent, adding a number of industry experts to its global operations. Brown joins the Global Client Coverage team which has also recently hired Geert Pick, Managing Director, Global Head of Product Management, Shareholder Services and Aneet Shah, Managing Director, Head of Global Client Experience. The specialist provider also recently hired Wendy Phillis, Managing Director, Governance & Regulatory Solutions, Europe and Asia-Pacific, to further support clients during an intense period of regulatory change.

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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 4.2 trillion in client assets under administration as at July 31, 2017.

About RBC

Royal Bank of Canada is Canada’s largest bank, and one of 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, insurance, investor services and capital markets products and services on a global basis. We have approximately 81,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 35 other countries. For more information, please visit www.rbc.com

RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments and employee volunteer activities. For more information please see: http://www.rbc.com/community-sustainability/.

For more information, please contact:

James Strong, Citadel Magnus
Tel: +61 2 8234 0115 | Mob: +61 448 881 174
Email jstrong@citadelmagnus.com