RBC appoints new president and CEO for RBC Direct Investing

Jason Storsley to oversee asset growth and strategy development

TORONTO — RBC Royal Bank is pleased to announce the appointment of Jason Storsley to the position of president and CEO of RBC Direct Investing, effective February 1, 2009.

Storsley will be responsible for developing strategy, growing assets under administration, guiding existing sales and expanding the revenue and market share of RBC Direct Investing.

“Our clients and business partners will benefit from Jason’s knowledge and understanding of the industry,” says Ashif Ratanshi, Head of Branch Investments, Deposits and Direct Investing, RBC Royal Bank. “His knowledge of the investment industry and strong commitment to delivering the best possible client service make him an ideal fit for this role.”

Most recently, Storsley led the Global Institutional Management team and was Head of Global Equity Research for RBC Asset Management. He was also a member of the RBC Investment Strategy Committee and the RBC Investment Policy Committee, both key economic and capital markets forecasting groups within RBC.

About RBC Direct Investing
RBC Direct Investing, one of Canada’s leading discount brokers, is a wholly owned subsidiary of Royal Bank of Canada, providing leading-edge tools and resources for investors who prefer to manage all or a portion of their investment portfolio. Clients have access to their investments 24/7 online or by phone and can choose from a broad
range of investment products including stocks, bonds, GICs, T-bills and over 2,500 mutual funds. Clients can qualify for trade commissions as low as $6.95 flat (www.rbcdirectinvesting.com/lowtrades) and have exclusive access to over 40 Series D.

RBC Funds across a variety of asset classes with lower management fees starting from 0.68 per cent (www.rbcdirectinvesting.com/seriesd). Independent rating agency, Dalbar Inc. selected RBC Direct Investing for its 2007 Direct Brokerage Service Award, rating it number #1 overall for customer service among discount brokers in Canada, a trend continued in the first two quarters of 2008. Visit our website at www.rbcdirectinvesting.com.