RBC Caribbean fights back from the brink

The banking business of RBC Caribbean was close to dissolution less than three years ago but is now on a path towards profitability and reconnection with the communities that it serves. Kirk Dudtschak, the bank’s executive vice-president, was in the eye of the storm.

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Kirk Dudtschak, RBC Caribbean’s executive vice-president

Towards the end of 2012, RBC Caribbean Banking was facing what Kirk Dudtschak, then the senior vice-president, strategy and human resources, personal and commercial banking, describes as “the perfect storm”. 

He says: “Over the previous 18 months, the Caribbean countries in which we operated had seen successive post-crisis downgrades to their sovereign credit ratings – some even slipping to non-investment grade – as they were faced with profound systemic and structural economic challenges.

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