RBC Names Heads of Merged Unit

Senior management from both RBC and RBTT will be integrated following the acquisition. Suresh Sookoo, RBTT Group CEO and Ross McDonald, RBC’s current head of Caribbean banking, will share responsibility for the transition. Sookoo will become CEO of RBC’s Caribbean retail banking operations following the successful integration of the two operations. The transaction marks RBC’s return to Trinidad and Tobago, where it had maintained operations from 1902 to 1987. RBC used Osler and Pollonais, Blanc as legal counsel and internal M&A resources for the deal.