RBC appoints new Managing Director for Barbados

BRIDGETOWN (BARBADOS) – August 11, 2022 — Royal Bank of Canada (RY on TSX and NYSE)
(“RBC”) has announced the appointment of Shimon McIntosh as Managing Director for Barbados.

Mr. McIntosh will assume his new position on August 12, 2022. His appointment follows the retirement
of Robert deSilva, who has served in the role for the past 8 years. In addition to being Managing Director,
Mr. McIntosh will also continue as Area Vice President, Business Banking in Barbados.

In this expanded role as Managing Director, Mr. McIntosh will help shape RBC’s future success as he
builds on the strong foundation established by Mr. de Silva. He will continue to invest in relationships
with regulators, governments, communities and lead the Barbados team. 

Mr. McIntosh holds a BSc in Economics and Management and has over 15 years of experience in
Commercial, Corporate and Investment Banking. He brings deep knowledge and experience with clients
in the private as well as public sectors in Barbados.

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