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RBC BANK NAMES NEW DIRECTOR OF PRIVATE BANKING STRATEGY

Karen Troy Brings more than 20 Years Experience to Bank’s Strategy Team


RALEIGH, N.C. – Jan. 22, 2009 – RBC Bank recently announced the appointment of Karen Troy as director of Private Banking Strategy for RBC Bank.

In this new role, Troy will lead the creation, design and execution of RBC Bank’s private banking strategy. In her more than 20 years of financial services experience, Troy has held various positions in global private banking, international services, client management, business development, administration and sales. Troy most recently served as director of Global Solutions for Royal Bank of Canada (RBC), Global Private Banking, in New York City. She was responsible for building a network of international professionals and service providers. She also managed the relationships between RBC and professional advisors to help develop and implement a strategy for cross border banking.

“With more than two decades of banking experience, seven of which have been involved in serving the affluent markets in the U.S., we know that Karen will be a strong leader for the bank’s private banking strategy,” said Tracy Stevenson, RBC Bank executive vice president for Products, Marketing and Strategy. “She has been a key member of the RBC family for more than 14 years and we’re excited to have her here in Raleigh.”

Troy holds a bachelor’s degree in finance from the University of British Columbia as well as a Chartered Financial Analyst Designation. She will be based at RBC Plaza in Raleigh, N.C.

About RBC Bank
RBC Bank, headquartered in Raleigh, N.C., offers a wide range of financial services and advice to individuals, businesses and public institutions throughout the Southeast. RBC Bank’s network includes more than 430 full-service banking centers, an extensive ATM network and telephone and online banking. RBC Bank is the 40th largest U.S. bank by consolidated assets, according to the Federal Reserve Statistical Release June 30, 2008. RBC Bank is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (RY on the TSX and NYSE), Canada's largest and most stable bank as measured by assets and market capitalization. Global Finance Magazine named RBC the best bank in Canada in October 2008, and the safest bank in Canada for 10 consecutive years, from 1999-2008. RBC is also one of the world’s financial, social and environmental corporate leaders for the past eight years as on the Dow Jones Sustainability World Index. Additional information about RBC Bank may e found at www.rbcbankusa.com.
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For more information:
Dorsey Landis
RBC Bank/(919) 788-6272
Dorsey.Landis@rbc.com