RBC Announces PricewaterhouseCoopers LLP as External Auditor for Fiscal 2016

TORONTO, April 24, 2015 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that the Audit Committee of the Board has selected PricewaterhouseCoopers LLP as its external auditor for fiscal 2016. The selection is the outcome of a comprehensive tender process and is subject to shareholder approval at the 2016 annual meeting.

"Following a thorough selection process, we have concluded that PricewaterhouseCoopers LLP is best positioned to meet the evolving future needs of RBC and look forward to working with them commencing with our 2016 fiscal year," said David Denison, chair of the Audit Committee of the Board of Directors. "The board extends our thanks to Deloitte LLP for the quality of expertise and insight they have provided RBC over the years."

Deloitte LLP will continue as external auditor through fiscal 2015.

ABOUT RBC

Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.

SOURCE RBC