RBC Taps Former Ontario Minister Caroline Mulroney as Vice-Chair

Royal Bank of Canada (RBC) has hired former Ontario minister Caroline Mulroney as vice-chair, a move that comes at a critical time for the lender. The appointment is seen as an opportunity to deepen RBC's relationships with clients and business leaders globally.

Mulroney brings unique experience in public service, legal, and financial services to her new role. She will advise RBC's business leaders on the implications of evolving government policy, regulatory, and public sector developments for their clients.

RBC head of capital markets Derek Neldner said that Mulroney's appointment is taking place at a time when foreign companies and investors are increasingly looking for opportunities to deploy capital in Canada. The country is expanding its trade partners and businesses are diversifying into new markets.