RBC Appoints Energy Veteran as Non-Executive Director in Europe
London, 12 November 2012 — Royal Bank of Canada (RY on TSX and NYSE) today announced the appointment of Clare Spottiswoode as Non-Executive Director of RBC Europe Limited, the bank’s London-headquartered European subsidiary.
Ms. Spottiswoode has over 20 years’ experience in a variety of roles spanning the public sector, energy markets and the financial services sector, including as director general of Ofgas, the UK gas regulator, where during the ‘90s she oversaw the transformation of the UK gas industry. Spottiswoode has since 1995 held non-executive positions in a range of large and small businesses, and between 2009 and 2011 was a member of the Which? ‘Future of Banking Commission’ and the ‘Independent Commission on Banking’ chaired by Sir John Vickers.
Commenting on the appointment, John Roberts, Non-Executive Chairman of RBC Europe Limited said: “RBC’s reputation for corporate governance remains among the best in the industry, underpinned by strong leadership, governance standards and oversight. Clare has a natural connection with RBC, combining a thorough understanding of regulated energy and banking sectors with first-hand experience of serving on the boards of companies in the sectors in which RBC is a market leader. She will be an excellent addition to our European board where we foster a culture of shared values, integrity and diversity that is critical to the success of RBC.”
Ms. Spottiswoode joins RBC Europe Limited on 1 December 2012. Sir Andrew Foster, who served as Deputy Chairman of RBC Europe Limited since 2003, will retire from the board in November. Jim Pettigrew, who joined the RBC European board in 2009, will assume the role of Deputy Chairman, RBC Europe Limited.
Royal Bank of Canada (RY on TSX and NYSE) and its subsidiaries operate under the master brand name RBC. We are Canada’s largest bank as measured by assets and market capitalization, and among 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 services, insurance, corporate and investment banking and investor services on a global basis. We employ approximately 80,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 51 other countries. For more information, please visit rbc.com.
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