RBC hires Manulife's Frances Donald as chief economist- memo
TORONTO, July 25 (Reuters) -Royal Bank of Canada RY.TO has appointed Frances Donald as its chief economist, according to a memo sent internally on Thursday, replacing Craig Wright who retired after 23 years at Canada's No.1 lender.
Donald, who is currently the global chief economist and strategist at Manulife Investment Management, will join RBC in late August, the memo said.
Prior to Manulife, Donald worked as a financial economist at Bank of Nova Scotia BNS.TO and held roles at Bank of Canada and Deloitte.
Wright, who made economic forecasts for leaders including current CEO Dave McKay and former heads John Cleghorn and Gord Nixon, retired in June.
Reporting by Nivedita Balu in Toronto; Editing by Daniel Wallis
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