Nov 2009 Financial News

RBTT financial group appoints new Canadian chairman

Nov 12, 2009

After 37 years of leadership by chairmen who were Caribbean nationals, the RBTT Financial group yesterday announced that Canadian banking executive Jim Westlake, would take over as the financial company’s new chairman.

The Royal Bank of Canada acquired the RBTT Financial group in June last year.
Westlake’s appointment marks the first time that a non-Caribbean national has chaired RBTT, or its predecessor company, since 1972, according to an RBTT official. In 1972 Guyanese national Carlton De Souza was appointed as chairman. De Souza served for seven years and was succeeded by Herman Urich in 1979.

Westlake is responsible for RBC’s banking businesses outside Canada as well as the organisation’s global insurance and credit card businesses and is one of nine executives who set the overall strategic direction of the RBC Group.


Source:
Trinidad Guardian
Thursday November 12, 2009

http://guardian.co.tt/business/business/2009/11/12/rbtt-financial-group-appoints-new-canadian-chairman