RBCPF - Royal Bank of Canada (RY) CEO Derek Neldner presents at National Bank Financial's 22nd Annual Financial Services Conference (Transcript)
2024-03-26 16:32:06 ET
Royal Bank of Canada (RY)
National Bank Financial's 22nd Annual Financial Services Conference
March 26, 2024 9:10 AM ET
Company Participants
Derek Neldner - CEO and Group Head
Conference Call Participants
Gabriel Dechaine - National Bank Financial
Presentation
Operator
Question-and-Answer Session
Operator
[Operator Instructions]
…maybe jump into that one right away. What does that involve, the new responsibility? And I guess there have been a lot of, let's say, changes at CNB taking place over the past year plus. What are the key strategic directions you're heading in with City National? So what is the role involved, and then where are you going with it?
Derek Neldner
Sure. Thanks, Gabe, and obviously thanks for hosting this event. So in September of this year, I took on the role of Chair and CEO of our US holding company that we have in the US. We have five businesses in the US, three sizable businesses being capital markets, wealth management, and City National. And the real focus of that role has been to increasingly bring an overall US regional lens to our strategy. So over time, as we built up our businesses, they were all at different levels of maturation. We obviously acquired City National in 2015. We grew capital markets over the last 25 years, similar with wealth....
Royal Bank of Canada (RY) CEO Derek Neldner presents at National Bank Financial's 22nd Annual Financial Services Conference (Transcript)