RE:Outrageous Amounthave you been reading RY financials and performance especially vs its peers?
Guzman has been RBC’s group head of wealth management and insurance since 2015. His total compensation was $7.6 million in 2023, up from $7.5 million in 2022 but down from $8 million in 2021.
Per the bank, Guzman’s 2023 performance highlights included:
- Maintained the largest market share in Canadian mutual funds.
- Maintained the largest market share in Canadian ETFs.
- Launched two portfolios in the U.S. market from an internally constructed ESG framework, and supported advisors through ESG-related training.
His compensation reflects directly the performance of his duties as head of Wealth management and its success to RY's bottom line.
The options are part of his benefit package