Royal Bank of Canada CEO Nixon to retire

Thursday, 5 Dec 2013 | 6:23 AM ET

Dec 5 (Reuters) - Royal Bank of Canada said Chief Executive Gordon Nixon will retire effective Aug. 1, after 13 years at the helm of the country's largest bank.

Nixon will be succeeded by Dave McKay, group head of the lender's personal & commercial banking arm.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Savio D'Souza)