Gordon Nixon
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| Gordon M. Nixon | |
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| Born | June 25, 1957 Montreal, Canada |
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| Occupation | CEO, Royal Bank of Canada |
| Spouse | Janet Nixon |
| Website RBC Royal Bank of Canada |
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Gordon M. "Gord" Nixon (born 1957) is the President and Chief Executive Officer of the Royal Bank of Canada. He also serves on the company's board of directors.
Born in Montreal, Quebec, and educated at Lower Canada College, Nixon received a Bachelor of Commerce degree from Queen's University in 1979, where he also played varsity rugby. Upon graduation, he became an investment banker with Dominion Securities, which included a stint running their Tokyo office in 1986, at the height of Japan's economic boom. Nixon remaining with the firm when it was acquired by Royal Bank.
In 2000, at the age of 41, he became chief executive officer of RBC Dominion Securities, since then renamed as RBC Capital Markets, succeeding long-time head Anthony Fell.
He was appointed president and chief executive officer of RBC on April 1, 2001, after John Cleghorn retired, making him one of the youngest bank CEOs of Canada in the 20th century. The title of chairman of the board was handed to a non-executive director.
Initially, with RBC's stock price stagnating, Nixon received some criticism for being unwilling to change the status quo and because of RBC Centura's lackluster performance. However in late 2004, he initiated a major reorganization and management shakeup known as "Client First", and RBC delivered one of the best shareholder returns among the Big Five banks. For his efforts, Nixon was named CEO of the year by the Financial Post Business Magazine in 2007. Upon receiving that accolade at the age of only 50, Nixon was already one of the longest tenured CEOs in the industry, considering that his Big Five peers were named CEO when they were in their 50s.
In 2007, he was awarded the Order of Ontario.[1]
He is married to Janet Nixon and has three children.
[edit] References
| Royal Bank of Canada | |
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Chief Executive Officer: Gordon Nixon | FY 2006 Statistics: Net income: $4.7 billion CAD (▲40%) | Market capitalization: $63.8 billion CAD | Assets: $536.8 billion CAD | Employees: 60,858 | Stock symbols: TSX: RY NYSE: RY | Website: www.rbc.com |
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| Major brands by financial service | |
| Financial group: RBC | Canadian banking: RBC Royal Bank | U.S. banking: RBC Bank | Caribbean banking: RBC Royal Bank of Canada | Private banking: RBC Wealth Management | Canadian mutual funds: RBC Funds | U.S. mutual funds: Tamarack Funds | Canadian brokerage: RBC Direct Investing and RBC Dominion Securities | U.S. brokerage: RBC Dain Rauscher | Canadian insurance: RBC Insurance | U.S. insurance: RBC Insurance | Capital markets: RBC Capital Markets | Custodial: RBC Dexia |
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