Chris Duggan

NASSAU, April 21, 2024 – RBC Financial (Caribbean) Limited, (“RBC”) has appointed Chris Duggan, a
native of the Cayman Islands, as Senior Vice President and Head of RBC Caribbean Banking, effective
April 1, 2024. He succeeds Chris Ronald, who has been leading the bank’s operations in the Caribbean
for the last 2.5 years and has recently returned to Canada as Regional President, Atlantic Provinces at
RBC.

Duggan, who is based in Nassau, The Bahamas, is taking on responsibilities as Head of RBC Caribbean
Banking to carry out the bank’s strategic direction and manage the overall business strategy and vision
across the Caribbean region. He has a career spanning more than two decades in the financial industry
across both the United States and the Caribbean.

Most recently, he was the Cayman Islands Government Representative to North America, in Washington
DC, primarily focussed on financial services. Prior to his tenure for the Cayman Islands Government, he
served as a senior executive at DART Family Office and Butterfield Bank.

RBC’s Executive Vice President, Personal Financing Products, Erica Nielsen said “We’re delighted to
welcome Chris to RBC. Born and raised in the Caribbean, Chris has a deep understanding of the
regional financial landscape and a passion for representing the culture. He is highly driven, outcome-
focused, and passionate about building trusted relationships with clients, communities, and employees.
His appointment demonstrates our continued commitment to the region. I am confident that under Chris’
leadership, Caribbean Banking will continue to grow and serve our clients and communities.”

As an active member of the communities where he lives and works, he has held leadership roles on the
boards of numerous charitable organizations over the years. Duggan was awarded the Queen’s
Certificate and Badge of Honour in recognition of his outstanding service to the Cayman Islands
community during the COVID-19 Pandemic.

About RBC in the Caribbean
With 115 years of dedicated service to the region, RBC has a presence in 10 countries and territories,
with 38 branches and over 2,800+ employees serving more than half a million clients. As one of the
Caribbean’s leading diversified financial services companies, RBC provides personal and commercial
banking, wealth management, corporate and investment banking, insurance and trust and asset
management services to a wide range of clients, including individuals, small businesses, general
commercial entities, regional and multi-national corporations and governments. For more information,
please visit rbc.com/caribbean.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to
delivering leading performance. Our success comes from the 98,000+ employees who leverage their
imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive
and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on
market capitalization, we have a diversified business model with a focus on innovation and providing
exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more
at rbc.com.

We are proud to support a broad range of community initiatives through donations, community
investments and employee volunteer activities. See how at rbc.com/community-social-impact.