Sunday, October 31, 2010

RBC - Wierd Times

RBC held an investor day on October 27th, 2010 in Canada. I’ve attached the CEO’s, Gord Nixon, presentation and those slides of his senior management.

The executive team made no mention in their prepared remarks regarding the sale of Liberty Life, or any long-term impacts through the reinsurance treaties with either Athene Life Re, Protective Life, or any longer term elements of the Apollo Global Management financed purchase of Liberty Life.

There is no formal mention of their U.S. business plan, the index annuity market, annuities in general, or the retirement savings business in the U.S.

Go Pats!