Royal Bank Of Canada Creates New AI Group

10:45 AM EST, 02/18/2026 (MT Newswires) -- Royal Bank of Canada (RY) Wednesday announced the creation of the AI Group, a newly established team reporting to the chief executive officer which it said will "accelerate the bank's AI ambitions over the next several years."

RBC said that, building on existing capabilities and "top AI talent," this group will work closely with business and functional teams to "turn high-potential AI use cases into market-ready solutions that bring value to clients."

"RBC has spent the past decade investing in AI, including proprietary data platforms and scale, exceptional talent and world-class security," said Dave McKay, chief executive officer, RBC. "With generative and agentic AI opening new frontiers for financial services, we are creating a dedicated team to leverage our core strength and data scale and partner across the business to turn potential into real value for our clients."

RBC said it has tapped "veteran tech executive" Bruce Ross to lead the new group as Group Head, AI. It added that Ross has spent 12 years as Group Head of RBC Technology & Operations. He will continue to report directly to Dave McKay and will remain on Group Executive, said the company.

RBC also said that Naim Kazmi, most recently EVP, Commercial, Core Banking & Payments Technology at RBC, moves into the role of Group Head, Technology & Operations and will join the bank's Group Executive.

The company's shares were last seen up $2.22 to $233.21 on the Toronto Stock Exchange.

Price: 232.97, Change: +1.98, Percent Change: +0.86

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