Royal Bank of Canada – Benefits Canada.com

$13.5BN HSBC Canada Bank acquisition a win for pension plans, says RBC CEO

Gideon Scanlon — Thu, 01 Dec 2022 17:00:24 +0000

A deal for the Royal Bank of Canada to absorb HSBC Bank Canada for $13.5 billion is good news for pension plans, said Dave McKay, chief executive officer of RBC. “This is good for shareholders ⁠— which are largely pension funds ⁠— and that’s average Canadian pension funds,” said McKay during a conference call. The […]

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RBC employees returning to in-office working to foster creativity, collaboration

lbailey — Wed, 24 Aug 2022 13:00:23 +0000

The Royal Bank of Canada is asking employees to return to in-office working to foster more in-person collaboration and creativity, reports Bloomberg. The bank’s hybrid arrangements will involve working in person two to three days a week for most office jobs, according to an email from Rafael Ruffolo, a spokesperson for the bank, who noted these practices are already in […]

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City of Toronto, Scotiabank rolling out return-to-office plans

bwolfe — Fri, 03 Dec 2021 14:00:50 +0000

All fully-vaccinated office-based employees with the City of Toronto are set to be back in the workplace, at least some of the time, starting on Jan. 4, 2022. In a press release, the city said, as of Nov. 30, each of its office buildings will be open to the maximum occupancy possible, based on physical […]

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BCI and partners’ real estate fund completes $805 million closing, PSP invests in insurance-linked strategy

mschmit — Thu, 05 Nov 2020 05:10:17 +0000

A real estate fund created by the British Columbia Investment Management Corp., QuadReal Property Group and RBC Global Asset Management Inc. is receiving $805 million in equity commitments from Canadian institutional and individual investors. The second round, which closed on Oct. 30, 2020, exceeded subscription targets and comes on the heels of the initial closing […]

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