Royal Bank of Canada
Former Deputy Superintendent,
Office of the Superintendent of Financial Institutions
Suzanne Labarge is former Chief Risk Officer of Royal Bank of Canada, RBC Financial Group, where she served for over 25 years. She was also an assistant auditor-general for the Canadian government and deputy superintendent for OSFI.
As Chief Risk Officer of the Royal Bank of Canada, she was responsible for the management of enterprise-wide risk and served on the executive management committee, providing leadership for the overall strategic direction of RBC Financial Group. During her 25 years with Royal Bank of Canada, Ms. Labarge held a variety of roles within commercial and corporate lending, internal audit, and corporate treasury before assuming responsibility for risk management.
During her career, Ms. Labarge also served the Canadian government as an assistant auditor-general and as deputy superintendent of the Office of the Superintendent of Financial Institutions Canada. From May 2008 to June 2014 Ms. Labarge served as a member of the Supervisory Board of Deutsche Bank AG, a global investment bank, and from December 2007 until December 2015 served as a member of the board and chair of the audit committee of Coca-Cola Enterprises, Inc., a cold beverage bottler and distributor. In addition, from January 2005 to May 2007, Ms. Labarge served as a director and chair of the audit committee of Novelis, Inc., a Canadian producer of aluminum products that is no longer a public company. Ms.Labarge also serves as a director and the chair of the Governance Committee of the Ontario Brain Institute, and as a director of private corporations that act as trustees of a trust for the benefit of the Late John E. Irving. The principal private corporations include: JEI PTC A Limited, JEI PTC B Limited, Ocean Capital Holdings Limited and Ocean Capital B Holdings Limited.
Ms. Labarge has extensive risk management and compliance experience and familiarity with the complexities involved in managing large, international corporations from her time at Royal Bank of Canada and as a member of Deutsche Bank’s risk committee. That experience, as well as her service as a director of companies with significant international operations, makes her well suited to serve as a Director of the Company and the Chair of the Nominating, Governance and External Affairs Committee (the “Nominating Committee”). Ms. Labarge also has in-depth familiarity with financial accounting practices and reporting responsibilities of public companies with global operations as a result of her prior service as a member or chairwoman of other companies’ audit committees.