RBC appoints new Head of Caribbean Banking

RBC Financial (Caribbean) Limited, (“RBC”) has appointed Chris Duggan, a native of the Cayman Islands, as Senior Vice President and Head of RBC Caribbean Banking, effective
April 1, 2024. He succeeds Chris Ronald, who has been leading the bank’s operations in the Caribbean for the last 2.5 years and has recently returned to Canada as Regional President, Atlantic Provinces at RBC.

Duggan, who is based in Nassau, The Bahamas, is taking on responsibilities as Head of RBC Caribbean Banking to carry out the bank’s strategic direction and manage the overall business strategy and vision
across the Caribbean region. He has a career spanning more than two decades in the financial industry across both the United States and the Caribbean.
Most recently, he was the Cayman Islands Government Representative to North America, in Washington DC, primarily focussed on financial services. Prior to his tenure for the Cayman Islands Government, he
served as a senior executive at DART Family Office and Butterfield Bank.

RBC’s Executive Vice President, Personal Financing Products, Erica Nielsen said “We’re delighted to welcome Chris to RBC. Born and raised in the Caribbean, Chris has a deep understanding of the
regional financial landscape and a passion for representing the culture. He is highly driven, outcomefocused, and passionate about building trusted relationships with clients, communities, and employees.
His appointment demonstrates our continued commitment to the region. I am confident that under Chris’ leadership, Caribbean Banking will continue to grow and serve our clients and communities.”

As an active member of the communities where he lives and works, he has held leadership roles on the boards of numerous charitable organizations over the years. Duggan was awarded the Queen’s
Certificate and Badge of Honour in recognition of his outstanding service to the Cayman Islands community during the COVID-19 Pandemic.