The CEOs of Royal Bank of Canada and Bank of Montreal saw their compensation move in different directions last year.

RBC CEO Gordon Nixon saw his total annual pay package rise to $9.7 million in 2005, about $1.8 million more than he made in 2004.

That disclosure was contained in the bank’s annual proxy circular, which was released Friday.

Nixon’s bonus of $2.6 million was $800,000 more than he received in 2004, and it would have been even higher had RBC not incurred half a billion dollars in pre-tax litigation charges resulting from its involvement with Enron Corp.

He received $1.4 million in base salary, $2.75 million in stock options, and $2.75 million in deferred shares. Rounding out his pay was $192,595 in “other” compensation, including $80,540 worth of car leases paid by RBC, and $620,000 in annual pension service cost.

Bank of Montreal, which also issued its circular Friday, said total compensation fell for its CEO. Tony Comper, who is expected to step down next year, received $8.1-million in salary, bonus, and stock awards: $400,000 less than 2004. BMO said it adjusted bonuses this year to reflect that the bank missed its revenue targets.

The RBC circular also offered details on other executives at the bank.

Chuck Winograd, head of investment bank RBC Dominion Securities, made $6 million, while retail bank head Jim Westlake made just under $4 million.

As well, RBCD paid almost $6.6 million in compensation to chief operating officer Barbara Stymiest for 2004, even though she did’t actually join the bank until the start of fiscal 2005.

Stymiest, who quit as head of the Toronto Stock Exchange a year and a half ago after being courted by the bank, was paid $4 million in share units by RBC in 2004, according to a proxy circular filed with regulators. She also received a $550,000 cash bonus, $1 million in stock options, and $1 million in deferred shares, all for the year ended Oct. 31, 2004. She didn’t start at the bank until Nov. 1, 2004.

Stymiest made $4.3 million in 2005, her first official year in the job.