Royal Bank of Canada Chief Legal Officer Expands Role to Include Administrative, Strategy Role
By Robb M. Stewart
Royal Bank of Canada Chief Legal Officer Maria Douvas has taken an expanded role to include business strategy and oversight of key initiatives with the planned departure of Chief Administrative and Strategy Officer Christoph Knoess after four years in the post.
Douvas, legal chief since 2021, has taken the position of chief legal and administrative officer, Chief Executive David McKay said in an internal memo seen by The Wall Street Journal.
The expanded position will see her take on a role driving strategy for the bank and overseeing procurement, corporate real estate, climate and the chief data office, McKay said.
Douvas, who like Knoess is based in New York, has held progressively senior roles in Royal Bank's law arm, including executive vice president and general counsel, U.S. general counsel and global head of litigation. Before joining the bank in 2016, she was a partner at a law firm and a federal prosecutor in the U.S. Attorney's Office for the Southern District of New York.
McKay said Knoess will remain at Royal Bank until the end of May to support the transition. Before joining Royal Bank and becoming chief administrative and strategy officer, he was a partner at consulting firm McKinsey and a partner at management consulting firm Oliver Wyman.
The Globe and Mail newspaper reported Knoess's departure from the bank early Wednesday.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
March 20, 2024 13:22 ET (17:22 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks