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?
-
Powell Unfazed By Sticky Inflation, but Rate Cuts Are Far Off
-
After Earnings, Is Microsoft Stock a Buy, a Sell, or Fairly Valued?
-
Best- and Worst-Performing Stocks of April 2024
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Small-Cap and Value Stocks Are Undervalued
-
Why We Expect the Job Market’s Slowdown to Renew in 2024
-
5 Undervalued Stocks to Buy to Play a Little Defense
-
10 Top-Performing Dividend Stocks of the Month
-
Marathon Petroleum Earnings: No Change to Competitive Position, but Shares Look Expensive
-
Charlie Munger and How Not to Invest
-
Look Inside Berkshire Hathaway’s Portfolio Before Its Annual Meeting
-
After Earnings, Is AT&T Stock a Buy, a Sell, or Fairly Valued?
-
Mastercard Earnings: A Stable Environment Highlights the Firm’s Strengths
-
Pfizer Earnings: Solid Results Supported by Steady Tracking Toward $4 Billion In Cost Cuts
-
Starbucks Earnings: Not a Lot to Like About Results as Global Traffic Sputters