Gordon Nixon

Gordon Nixon

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Gordon Nixon

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Gordon M. "Gord" Nixon, CM, O.Ont (born 1957) is the President and Chief Executive Officer of the Royal Bank of Canada. He also serves on the company's board of directors.

Early life

Born in Montreal, Quebec, and educated at Lower Canada College, Nixon received a Bachelor of Commerce degree from Queen's University in 1979, where he also played varsity rugby. Nixon is a grandson of a former director of Royal Bank of Canada.

Upon graduation, he became an investment banker with Dominion Securities, which included a stint running their Tokyo office in 1986, at the height of Japan's economic boom. Dominion Securities was acquired by Royal Bank of Canada in 1987 and Nixon returned to Canada in 1989 as a Managing Director of Investment Banking. In 1995, he was appointed head of Global Investment Banking.

Royal Bank of Canada

In 2000, at the age of 43, he became chief executive officer of RBC Dominion Securities, since then renamed as RBC Capital Markets, succeeding long-time head Anthony Fell.

He was appointed president and chief executive officer of RBC on April 1, 2001, after John Cleghorn retired, making him one of the youngest bank CEOs of Canada in the 20th century. The title of chairman of the board was handed to a non-executive director.

Initially, with RBC's stock price stagnating, Nixon received some criticism for being unwilling to change the status quo and because of the lackluster performance of RBC Centura's (RBC's retail operations in...
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