She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed. RBC announced Mr. Nixons retirement on Dec 6. | Source: Read more about cookies here. One of RBCs core values is diversity for growth and innovation, and Im fortunate to be part of an organization that believes in championing women and supports efforts to move the bar in senior leadership representation. Despite speculation by residents of Torontos Cabbagetown neighbourhood, who have pointed to Mayor John Torys long relationship with the Kielburgers, a spokesperson for the mayor says he had no involvement in the decision, which was made by City staff without Council approval. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. WE says Fred and Theresa did not receive a tax receipt for either agreement. Ms. Tory will move into the position left vacant by Dave McKay, who takes over as RBCs chief executive effective Feb 26, the same day as the banks annual meeting in Toronto. About RBC Investor contact: After more than a decade of leadership positions within the company, Pavi Binning has decided to retire from his role effective Jan. 1, 2022, Wittington said in an emailed statement Tuesday. Theres still a long way to go, Tanya van Biesen, executive director of Catalyst Canada, an organization that promotes women in the workplace, said in an interview. He has advised many of Canadas top companies on mergers and acquisitions (M&A) and has experience working for family-controlled companies, having represented the Woodbridge Company and its subsidiary Thomson Reuters on a number of transactions. Those women include Laura Dottori-Attanasio, chief risk officer at Canadian Imperial Bank of Commerce, Bank of Montreals Joanna Rotenberg, who became group head of wealth management in November and Brenda Rideout, who took the helm of Scotiabanks online lender Tangerine on March 1 after the units former CEO Peter Aceto departed. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Associate salaries - 271 salaries reported. Web"/> . Board Member. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. Toronto-Dominions Teri Currie, who also heads domestic personal banking, made her debut on the named executives list, ranking third after RBCs Tory, at C$3.39 million. We encountered an issue signing you up. She is an experienced change leader who has led transformational initiatives in multiple areas of Canadian Banking, improving the client and employee experience while delivering efficiencies. TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (Allied) (TSX:AP.UN) announced today that Jennifer Tory has been appointed as a trustee of Allied (a Trustee) by the Trustees. Prior to this role, she was Group Head, Personal & Commercial Banking, leading RBCs retail and commercial customer businesses and operations in Canada and the Caribbean from2014-2017. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. Still, Mr. McKay's compensation was again eclipsed by the bank's group head of capital markets. personal and corporate concierge company, How a scarcity mindset leads to infighting between marginalized groups. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. $38,804 / yr. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. Please try again. I am very excited about this opportunity and look forward to leading an exceptional management team and employees dedicated to bringing the best of RBC to our clients, said Ms. Tory, currently Regional President, Canadian Banking, Greater Toronto Region. The next issue of Financial Post Top Stories will soon be in your inbox. Royal Bank of Canada (RY on TSX and NYSE) is Canada's largest bank and one of the largest banks in the world, based on market capitalization. Ms. Tory will take over in April 2014 from Dave McKay, who, as previously announced will become President of RBC on February 26, 2014 and then President and CEO on August 1, 2014. He was a witness at Craig Kielburgers 2016 wedding, and called Marc a friend in a 2014 tweet, a few weeks before he was elected mayor. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. She discusses the Under Mr. McKay's leadership, RBC's profit topped $10-billion in 2015 and eclipsed Toronto-Dominion bank in terms of total assets in the first quarter of this year a notable achievement given that one of RBC's strategic goals is to be Canada's "undisputed leader in financial services.". Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. rights reserved. She has been a champion and trailblazer for the advancement of women, LGBTQ+ and BIPOC individuals in both the bank and the broader community. The estimated total pay for a Director at RBC is $360,228 per year. Free Tools . Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. A champion of diversity, Ms.Tory is the recipient of numerous awards recognizing her work related to the advancement of women and advocacy for BIPOC and LGBTQ+ communities. The Mayors Office says John Tory has no relationship with Fred or Theresa Kielburger, was not involved in the decision to select 233 Carlton, and had no knowledge about current or previous ownership of the building.. Jennifer Grazel Rubio Chief Marketing Officer, RBC Capital Markets US New York, New York, United States 2K followers 500+ connections Join to connect RBC Capital Markets Brown University. If you don't see it, please check your junk folder. Thrilled to sign the register at the wedding of Leysa Cerswell and Craig Kielburger in Scarborough. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts for pay over the years. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. document.write(CurrentYear) The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. Jennifer Tory is a corporate director who was, until her retirement in December 2019, the Chief Administrative Officer of RBC (a chartered bank), where she held responsibility for Brand, Marketing, Citizenship & Communications, Procurement and Real Estate functions globally. Its pretty middle-of-the-road of the Toronto lease market.. Client Advisor salaries - 258 salaries reported. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. Allieds business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. She will take on her new job, one of the highest-profile in the sector, in April. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. We employ approximately 79,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 44 other countries. Queen's University. Dave McKay, who became CEO of the Royal Bank of Canada in August 2014, received a salary of $1.3-million in 2015, along with a bonus of about $2.3-million and stock options valued at about $7.3-million. Fukakusa, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. Victor Li, the CFO for WE Charity and ME to WE, assisted the Kielburger parents in setting up both numbered companies. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBC's success. Find contact's direct phone number, email address, work history, and more. According to WE Charity, a real estate agent hired by the City approached Fred and Theresa Kielburger regarding 233 Carlton Street, which they own through a numbered company. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. Ms. Torys innovative approaches, such as restructuring regional market responsibilities to create additional development opportunities important for the advancement of high-potential women and visible minorities, are fundamental to her overall strategy of cultivating talent for results. RBC had the highest market cap of the Big Five banks for the period. Cinematheque Ontario. Having started her career with Royal Bank of Canada ("RBC") in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial Banking responsible for . Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. In another connection to Rogers, Jennifer Torys brother John was a long-time executive at the company before entering politics and is a trustee of the Rogers family trust. She will join former RBC CEO Gord Nixon on the BCE. . $138,110 / yr. Analyst salaries - 222 salaries reported. 1978-2019. Board Memberships & Affiliations. I am honoured to have been asked to lead Personal & Commercial Banking. In addition, she is active in the community through volunteer roles with Sunnybrook Hospital Foundation, the Toronto International Film Festival, the Canadian Olympic Foundation and Free the Children, and until recently the Toronto Region Board of Trade. Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canadas major cities and (ii) network-dense urban data centres in Toronto that form Canadas hub for global connectivity. Peat says Tory fully paid the costs for the trip. To order copies of She noted that both Tory and Wright are seasoned executives committed to supporting all the stakeholders that BCE serves, and will offer valuable guidance as we build Bells leadership in environmental, social and governance standards.. Jennifer Tory retired after a four-decade career at RBC in 2019. Newcom Media Inc. We use cookies to make your website experience better. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. var CurrentYear = new Date().getFullYear() $55,284 / yr. Launch of Premier Banking, increasing high-net-worth households, with 25 % growth year-over-year Craig Kielburger in.... 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