The new CEO and president of Royal Bank of Canada, the firm covering services including wealth management, has taken up the reins after his predecessor retired.

Dave McKay has joined Royal Bank of Canada’s board of directors as he becomes president and chief executive of the firm.

McKay succeeds Gordon Nixon, who has retired from the board.

Prior to being appointed as president on February 26, 2014 (see related article here), McKay was group head of the personal and commercial banking segment of RBC, which comprises RBC's personal banking operations and certain retail investment businesses in Canada, the Caribbean and the US, as well as RBC's commercial banking operations in Canada and the Caribbean.

McKay's 26-year career at RBC includes senior roles in retail banking, risk management and international experience in corporate banking.

Among recent moves at the wealth management segment of RBC was the appointment of Anne Marie Vibert as head of private client wealth management, offshore. Based in Jersey, Vibert is responsible for the private client wealth management (offshore) and British Isles banking teams reporting to Chris Blampied, head of banking, British Isles and Caribbean. In June, RBC Wealth Management appointed Christopher Anderson as director of the firm’s newly-created Atlanta, GA, complex.