RBC Dexia Appoints John W. Thompson as Chief Financial Officer

LONDON, Aug. 6 /CNW/ - RBC Dexia Investor Services said today that it has appointed John W. Thompson to the post of Chief Financial Officer (CFO), subject to regulatory approval. Based in Toronto and reporting to Chief Executive Officer (CEO) José Placido, he joins RBC Dexia on August 9, 2010.

Mr. Thompson comes to RBC Dexia from The CUMIS Group, a Canadian insurance company serving credit unions and their members, where he held the positions of CFO and Chief Administrative Officer (CAO).

Prior to this, Mr. Thompson held senior roles with leading Canadian-based global financial institution CIBC, where he led the financial management and transformation of a number of major business units in the US and Asia Pacific regions. He was also responsible for the performance measurement and business operations of CIBC's largest customer-facing business unit, Retail Markets.

José Placido, CEO of RBC Dexia commented: "We are delighted to welcome John to the company. As we build on the strengths of our Finance team and continue to grow our business, he brings a proven track record of excellent financial management at global enterprises. We welcome John's international perspective and deep experience with diversified financial institutions."

Mr. Thompson will replace Kevin Powers, the present CFO, who remains with the company for a transitional period until November 30, 2010.

About RBC Dexia Investor Services

RBC Dexia Investor Services offers a complete range of investor services to institutions worldwide. Our unique offshore and onshore solutions, combined with the expertise of our 5,400 professionals in 16 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management practices.

Equally owned by RBC and Dexia, the company ranks among the world's top 10 global custodians with USD 2.4 trillion in client assets under administration. rbcdexia.com.

RBC Dexia Investor Services Limited is a holding company that provides strategic direction and management oversight to its affiliates, including RBC Dexia Investor Services Bank S.A., a credit institution licensed in Luxembourg by the Commission de Surveillance du Secteur Financier and the Ministry of Finance. All are licensed users of the RBC trademark (a registered trademark of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia Crédit Local) and conduct their global custody and investment administration business under the RBC Dexia Investor Services brand name.

For further information: Alex Clelland, London, [phone], [email protected]