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 the Difference Between the CPI and PCE Indexes?
-
Micron Earnings: Great Guidance but Stock Now Looks Fairly Valued
-
August PCE Report Forecasts Show More Good News on Inflation
-
AI Stocks May Be Down, but Don’t Count Them Out
-
4 Stocks to Buy as the Fed Cuts Interest Rates
-
Markets Brief: The Uncertain Path to Neutral Interest Rates
-
What’s Happening in the Markets This Week
-
Where Top Stock Fund Managers Are Looking Next After the Fed Rate Cut
-
Our Top Pick for Investing in US Renewable Energy
-
How to Measure a Stock’s Uncertainty
-
How to Determine Whether a Stock Is Cheap, Expensive, or Fairly Valued
-
Why a Company’s Management and Capital Allocation Matter
-
How to Determine What a Stock Is Worth
-
How to Measure a Company’s Competitive Advantage
-
How to Think Like a Stock Analyst
-
How GLP-1 Drugs Like Ozempic Are Boosting Biopharma Stocks