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RBC Paid Dave McKay 60% More in 2024 on HSBC Deal, Bank Results

Wealth

Christine Dobby

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March 6, 2025

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Bloomberg

Royal Bank of Canada paid Chief Executive Officer Dave McKay C$25.97 million ($18.1 million) last year, boosting his total compensation by more than 60% due to the lender’s strong financial performance and its milestone acquisition of HSBC Holdings Plc’s Canadian operations.

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