Royal Bank of Canada (RBC) is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, 1 we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in 29 countries. RBC holds strong market positions in five business segments, including RBC Investor & Treasury Services (RBC I&TS),

provides asset, payment and treasury services to financial institutions and asset owners worldwide. We are a leader in Canadian cash management and transaction banking services. Trusted with nearly CAD 4 trillion in assets under administration2, our focus is on safeguarding client assets and supporting our clients’ growth.

RBC I&TS’ product and service offering includes custody, fund administration,

shareholder services, private capital services, middle office, transaction banking (including trade finance, insourced solutions and services to broker dealers), and treasury and market services (including cash/liquidity management, foreign exchange and securities finance).

(1) RBC quarterly results as at January 31, 2023

(2) RBC quarterly results as at January 31, 2023