Group Head, Wealth Management and Insurance, Royal Bank of Canada
As Group Head, RBC Wealth Management & RBC Insurance, Doug Guzman leads the RBC businesses that serve the wealth management needs of affluent and high net worth clients globally, and teams that provide asset management and trust products. He also oversees RBC Insurance, which provides a wide range of travel, life, health, home, auto, wealth and reinsurance products and solutions, as well as creditor and business insurance services, to individual, business and group clients. In addition, as a member of Group Executive, Mr. Guzman is one of eight executives responsible for setting the overall strategic direction of RBC.
Mr. Guzman has also assumed the role of Deputy Chair, RBC Capital Markets, where he continues to act as the lead relationship manager with a select number of key clients.
Prior to this appointment, Mr. Guzman was Managing Director and Head of Global Investment Banking, Capital Markets, responsible for the firm's Investment Banking teams globally, as well as U.S. Municipal Finance. He had senior client coverage responsibility for a number of RBC Capital Markets' most important clients and was a member of the firm's Operating Committee and Loan Commitments Committee.
In his 14 years with RBC, Mr. Guzman has become known for his focus on clients and relationships, while delivering strong business results. Before joining RBC in 2005, he was a Managing Director at Goldman Sachs in New York and Toronto, where he had co-head responsibility for each of the Global Metals and Mining and the Canadian Investment Banking businesses.
In 2014, Mr. Guzman co-led the RBC Employee Giving Campaign, inspiring employees to go above and beyond in their personal donations and driving record results. In addition, he is a member of the Board of Directors of St. Michael's Hospital, the Advisory Board of the Richard Ivey School of Business Administration at The University of Western Ontario and the Board of Trustees of the Upper Canada College Foundation.
Mr. Guzman has an Honours BA (Business Administration) from Ivey at the University of Western Ontario and an MBA with high distinction (Baker Scholar) from Harvard Business School. He is married with two children and lives in Toronto, Canada.