RBC DAIN RAUSCHER NAMES NEW COMPLEX DIRECTOR IN SAN FRANCISCO AND NEW BRANCH DIRECTOR IN SAN JOSE

SAN FRANCISCO, Calif. (Jan. 29, 2008) - RBC Dain Rauscher has named a new complex director in San Francisco and a new branch director in San Jose, according to Bill Hubbard, the firm's regional director, West region.

An industry veteran of more than 26 years, Chuck Evans joined the San Jose branch of San Francisco-based Sutro and Co. in 1993 as a financial consultant, joining RBC Dain in 2001 when the two companies merged. He was named director of the San Jose branch in 1999. Evans has been a perennial Chairman and President's Council member, and also was named Branch Director of the Year twice during his tenure in San Jose. During his first two years in the industry, he balanced his time between playing in the National Football League for the New Orleans Saints and building his practice.

In addition, Phil Castaneda has been named as San Jose branch director. Castaneda joined Sutro and Co. in 1992 as a financial consultant, and has been in the industry since 1979.

"We are extremely pleased to promote Chuck to the complex director role and know that he will do a fantastic job taking the San Francisco complex to new levels," said Hubbard. "I am also excited to see Phil transition to the role of branch director in San Jose. His industry experience and strong leadership skills clearly position him for success in his new role."

About RBC Dain Rauscher
RBC Dain Rauscher Inc., a wholly owned subsidiary of Royal Bank of Canada (RY: TSX, NYSE), is one of the nation's largest full-service securities firms. The company serves individual investors and businesses through offices coast-to-coast, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, RBC Dain Rauscher is a member of the Financial Industry Regulatory Authority and other several major securities exchanges, as well as the Securities Investor Protection Corp. RBC Dain Rauscher is part of RBC's Wealth Management segment, which directly serves affluent and high net worth clients in Canada, the United States, Europe, Latin America and Asia, provides asset management and trust services through RBC and third-party distributors and has approximately $500 billion of assets under administration, 3,500 financial advisors and more than $130 billion of assets under management.