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RBC CEO David McKay hints at hybrid work model

July 14, 2021 at 01:11 pm EDT

(Reuters) - Royal Bank of Canada, the country's largest lender, is exploring a flexible and hybrid work arrangement to bring its employees back to the office.

The bank will test various models over the next few months and make adjustments to its plans accordingly, Chief Executive Officer David McKay said in a post on LinkedIn on Wednesday. (https://bit.ly/3eiAdjo)

McKay's plans for RBC come at a time when the biggest banks across the world are planning to re-open their offices to employees as vaccination programs gain steam.

Major banks in the United States have, in recent months, revealed plans of adopting different methods to bring employees back to the office.

JPMorgan Chase & Co had said it would bring its U.S. employees back to the office on a rotational basis from July and maintain a 50% occupancy cap, while Bank of America Corp expects vaccinated employees to return to office after Labor Day in early September.

(Reporting by Sohini Podder; Editing by Amy Caren Daniel)

David McKay

David Ian McKay is a businessperson who has been at the head of 5 different companies. Mr. McKay is on the board of The University of Waterloo and The Hospital for Sick Children and Co-Chairman of Business, President, Chief Executive Officer & Director at Royal Bank of Canada and Member of Business Council of Canada. In his past career he held the position of Chairman for Toronto Region Immigrant Employment Council and Chairman at Visa Canada Corp. He received an undergraduate degree from The University of Waterloo and an MBA from Richard Ivey School of Business.

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Linked companies
ROYAL BANK OF CANADA	Chief Executive Officer
Royal Bank of Canada (London Branch) Royal Bank of Canada (London Branch) Major BanksFinance Royal Bank of Canada operates as a a global financial institution. It engages in corporate banking services for financial institutions and treasury. The company was founded in 1910 and is headquartered in London,the United Kingdom.	Chief Executive Officer