RBC to Postpone Investor Day

TORONTO, Feb. 29, 2016 /PRNewswire/ - Royal Bank of Canada (RY on TSX and NYSE) will be postponing a presentation profiling its recently closed acquisition of City National Bank (City National) for investors and analysts, originally scheduled to take place in Toronto on Friday, March 4^th, 2016. This follows the passing of Bram Goldsmith, chairman emeritus, City National Bank, on Sunday, February 28^th, 2016.

Mr. Goldsmith, 93, has played a key role at City National since 1964, when he was first elected to the bank's board of directors. He was the chairman of City National Corporation from 1975 to 2013 and chairman and chief executive officer of both the bank and the corporation from 1975 to 1995.

"Bram was responsible for building City National into one of the most highly-respected and trusted banking franchises in the U.S.," said Dave McKay, RBC President and CEO. "He was committed to serving his clients and community: a commitment that he demonstrated every day as he continued to work tirelessly as chairman emeritus and a member of the board. He will be greatly missed."

A new date for the Investor Day will be announced shortly.

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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, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 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 37 other countries. For more information, please visit rbc.com.‎

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SOURCE RBC