HCM & HRIS

Canadas RBC sets CEO McKays 2025 salary at $16 million

March 6, 2026
www.ETHRWorld.com
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  • Published On Mar 6, 2026 at 06:24 PM IST

< />Royal Bank of Canada set CEO Dave McKay’s 2025 total compensation at C$22.09 million ($16.12 million), 30% above his compensation target for the year, according to a ‌regulatory ⁠filing ⁠on Thursday.<br /><br /> * RBC, Canada’s biggest bank by market capitalisation, noted McKay’s role in delivering strong results in the backdrop of major shifts in global trade and geopolitics.<br /><br /><!– PROMOSLOT_M –> * The ⁠bank generated ‌earnings of C$20.4 billion in 2025, up 25% from the ⁠previous year.<br /><br /> * McKay was handed a C$20.5 million salary in 2024, excluding a one-time C$4 million stock award linked to integration of the HSBC Canada acquisition.<br /><br /><div class=” article-detail-ad-slot=”” captionrendered=”1″ data-src=”https://etimg.etb2bimg.com/photo/129156219.cms” height=”442″ loading=”eager” src=”https://hr.economictimes.indiatimes.com/images/default.jpg” width=”590″></img></p> </div> <p> * McKay’s 2025 salary was 8% ‌higher than 2024.</p> <p> * McKay, 62, has been at the helm of RBC ⁠since 2014 and is one of the longest tenured CEOs among the bank’s Canadian and U.S. peers.</p> <p> * McKay’s 2026 compensation target remains unchanged at C$17 million.</p> <p> ($1 = 1.3700 Canadian dollars) (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shinjini Ganguli)</p> <div> <div> <ul> <li><a href=Reuters

  • Published On Mar 6, 2026 at 06:24 PM IST

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