RBC Investor & Treasury Services appoints Kumi Somaskandan as Head, Client Operations in Canada

Toronto, April 18, 2018 – RBC Investor & Treasury Services (I&TS), part of Royal Bank of Canada (RY on TSX and NYSE), today announced the appointment of Kumi Somaskandan as Managing Director and Head of Client Operations, Canada.

Somaskandan joins RBC I&TS from Citco where she was most recently Managing Director, Head of Citco Alternative Investor Services, North America and brings broad experience spanning many areas of operations and relationship management. She also possesses significant experience leading large teams to develop and implement processes and operating models that exceed client expectations.

Somaskandan replaces James Daigle who is retiring in May 2018 after 30 years with RBC.

“Kumi’s strong reputation for delivering results and building high-impact teams ensures that RBC I&TS continues to support our clients’ evolving needs,” said Paul Bridgeman, Managing Director, Global Line Operations, RBC Investor & Treasury Services. “Her expertise and industry knowledge will also enable us to continue improving our operational efficiency and reduce risk.”

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 16 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 January 31, 2018.

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 81,000+ 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 34 other countries. Learn more at rbc.com.‎

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

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For more information, please contact:
Briana D’Archi
+1 416 955 5658
briana.darchi@rbc.com