Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. Ms. Tory will move into the position left vacant by Dave McKay, who takes over as RBC's chief executive effective Feb 26, the same day as the bank's annual meeting in Toronto. The U.S., in comparison, has women bank CEOs, including Beth Mooney at KeyCorp, Ellen Alemany at CIT Group Inc., andSynchrony Financials Margaret Keane. They are still in the minority when it comes to the top executives: only nine, or 21 percent, of the 43 named executives at the eight banks are women, according to regulatory disclosures. The building is set to become the new home of the Adelaide Resource Centre for Women, a 24-hour drop-in centre, expected to open in the third quarter of 2021. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free.
As Regional President of the Greater Toronto Region at RBC for the past five years, Jennifer Tory has worked tirelessly to advance women and visible minorities both in the bank and her community. Pavi Binning is the current president of Wittington. If you don't see it, please check your junk folder. All rights reserved. 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. For more information, please visit rbc.com. Wojtek Dabrowski, Director, P&CB Communications, 416-974-3718, Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. Its not far off market [rate], although I would want to be able to look at the inside to see if its a high-quality space, says Matt Wood, a real estate agent based in Cabbagetown, who specializes in commercial properties. Queen's University.
Jennifer Tory received about $4.5-million during her first full year as group head of personal and commercial banking, about double her compensation in 2014, when she was regional president of the Greater Toronto Regional for six months of the year. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. Ms. What correction? The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. 1978-2019. The board attributes this to, among other things, RBC maintaining its number-one market share in Canadian mutual fund assets under management and the success of the firms continued U.S. expansion. Jennifer Tory retired after a four-decade career at RBC in 2019. Tory married Elizabeth (Liz) Bacon, a nurse, on May 15, 1953. Because the properties were purchased solely to support WE Charity, I simply assisted in their incorporation.. Properties on Carlton Street are part of a once-expansive portfolio owned by the parents of Craig and Marc Kielburger, CANADALAND Inc is registered as a limited liability corporation with the province of Ontario. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. Allied Properties REIT. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. $72,093 / yr. Companies only need to disclose compensation for all named executive officers, which include the CEO, CFO and each of the three most highly paid executives whose total compensation is above C$150,000, according to regulatory requirements. This city might have the strongest housing market in Canada, BMO gets green light to buy Bank of the West in biggest deal ever for Canadian bank, A mental health crisis in Canada is fuelling billions in losses for employers, Janice Fukakusa, Royal Bank of Canada's former chief financial officer, was the highest paid woman among the country's eight largest lenders in fiscal 2016, bringing in C$4.67 million, Discover how Canadian businesses are embracing sustainability, Helping you build a more sustainable business, Royal Bank chief financial officer Janice Fukakusa to retire after 31 years at Canadas biggest bank, Royal Bank of Canada eyeing more expansion in U.S. after US$5-billion City National deal, tap here to see other videos from our team. 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.
Torys itself often acts for BCE rival Rogers Communications Inc. and the firm is advising the Rogers Control Trust, the Rogers family trust, in that companys $20-billion bid to acquire Shaw Communications Inc., which was announced last week. Her determination to identify talent early, proactively develop, and publicly sponsor individuals make Ms. Tory a role model, and her practices are a guide for her colleagues and other business leaders. permissions/licensing, please go to: www.TorontoStarReprints.com. Registered Client Associate salaries - 49 salaries reported. We apologize, but this video has failed to load. The estimated additional pay is $183,202 per year. RBC had the highest market cap of the Big Five banks for the period.
Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. Still, there are no female chief executive officers among Canadas largest banks, extending an industry shutout that stretches back two centuries. Jennifer Tory is a corporate director who was, until her retirement in December2019, the Chief Administrative Officer of RBC (a chartered bank), where she held responsibility for Brand, Marketing, Citizenship & Communications, Procurement and Real Estate functions globally. Awarded the Queens Jubilee Medal in 2012, Jennifer has a long history of supporting numerous community causes. Janice Fukakusa, Royal Bank of Canada's former chief financial officer, was the highest paid woman among the country's eight largest lenders in fiscal 2016, bringing in C$4.67 million in compensation excluding pension. The same numbered company also owned a property at 329 Queen Street East before selling it to the ME to WE Foundation for $2.6 million in early 2019. Jennifer Tory received about $4.5-million during her first full year as group head of personal and commercial banking, about double her compensation in 2014, when she was regional president of. "Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children," Jennifer . The lease started on January 1. 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. Jennifer Tory has served as national co-chair of WE Day, and a now-deleted page on WEs website listed her as a Founding Family Champion. RBC is one of WE Charitys Founding Partners, but on Thursday The Globe and Mail reported that the bank is now reconsidering its relationship.
FP Answers aims to find the information you need, RBC's Janice Fukakusa sets pay benchmark for Canada's female bankers, Get ready for another rate hike: What economists are saying about the inflation numbers, 4 ways the wealthy can make a dent in a large tax bill, Posthaste: Correction? Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Currently working as Regional President, Toronto at RBC in Ontario, Canada. Read more about cookies here. As for the other named executive officers: The circular notes that 45% of RBCs executives in Canada are women, and 22% of the firms group executive are women. There was an error, please provide a valid email address. $38,804 / yr. She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. Toronto Star articles, please go to: www.TorontoStarReprints.com, Conversations are opinions of our readers and are subject to the, The Toronto Star and thestar.com, each property of Toronto Star By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. Unauthorized distribution, transmission or republication strictly prohibited. Janice Fukakusa, Royal Bank of Canadas former chief financial officer, was the highest paid woman among the countrys eight largest lenders in fiscal 2016, bringing in C$4.67 million in compensation excluding pension. Please try again.
The City tells Canadaland that the majority of the negotiations were conducted with Ha but that there were one or two direct telephone conversations with Marc Kielburger prior to signing the lease to discuss the type of program that would be offered and the community engagement process that we would follow.. Visit our Community Guidelines for more information and details on how to adjust your email settings. Comments may take up to an hour for moderation before appearing on the site. Ms. Tory is a member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. Ms. Tory joined RBC in 1978. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. About Jennifer Tory. Tory has also appeared at WE Day and on stage when WE opened its Global Learning Centre, a standout building in Torontos Corktown neighbourhood that WE opened in 2017. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. Every day, get the financial news that matters in your inbox. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. 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. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. This copy is for your personal non-commercial use only. TORONTO, JUNE 8, 2011 Catalyst Canada announced today that it will honour Jennifer Tory, RBC's Regional President of Greater Toronto, for her ongoing contributions to advancing women in business. to colleagues, clients or customers, or inquire about Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. 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. Associate Director salaries - 45 salaries reported. Salary information comes from 1,524 data points collected directly from employees, users, and past and present . Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. We ask you to keep your comments relevant and respectful. Reached by phone, Brenda Ha tells Canadaland that she works with the Kielburger parents on occasion through her personal and corporate concierge company, Check Box Services, and confirmed her role in negotiating the lease agreement for 233 Carlton. Royal Banks annual general meeting will be held April 4, 2019. 2011-2021. We apologize, but this video has failed to load. Board Memberships & Affiliations. $55,284 / yr. She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed. WE says that Marc Kielburger, representing his parents, also spoke to City staff about the 12,754-square-foot building, seeking greater clarification on the proposed use of the site.. Mr. McKay's compensation was 9 per cent above the target compensation established at the start of the year, after RBC's annual profit, client satisfaction scores and credit quality surpassed thresholds. The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Fukakusa, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. Vice President salaries - 53 salaries reported. Comments may take up to an hour for moderation before appearing on the site. About RBC
She will take on her new job, one of the highest-profile in the sector, in April. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. Jennifer Tory retired after a four-decade career at RBC in 2019. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. 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. pic.twitter.com/l4xHoPe29R. Ive worked with Jennifer for many years. In this role, Ms. Tory will be responsible for the strategy and performance of the Personal & Commercial Banking segment which comprises RBCs personal banking operations and certain retail investment businesses in Canada, the Caribbean and the U.S., as well as RBCs commercial banking operations in Canada and the Caribbean. Associate salaries - 271 salaries reported. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions and a galvanized community of multinational corporations to accelerate and advance women into leadershipbecause progress for women is progress for everyone. Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. Investor contact:
His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. We ask you to keep your comments relevant and respectful. That involvement ceased when he became Mayor, though he has, as Mayor, attended a number of events directly or indirectly related to those charitable and community endeavours, Peat says. There is no lack of energy, effort and discussion happening.. Jennifer Tory was named 1 of Canada's most powerful women during her long career at @RBC where she retired as Chief Administrative Officer. The City said renovations have not started yet. 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. Because the total value of the contract was less than $10 million, the decision was delegated to City staff and did not go to City Council for approval [pdf]. The next issue of Financial Post Top Stories will soon be in your inbox. FP Answers aims to find the information you need, RBC names Jennifer Tory as head of retail bank, Get ready for another rate hike: What economists are saying about the inflation numbers, 4 ways the wealthy can make a dent in a large tax bill, Posthaste: Correction? Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. A dedicated sponsor, passionate speaker, and active community member, Ms. Tory continues to develop and advance women while providing an example for others of the value of diversity. Asked about the nature of Torys relationship with Marc and Craig, Don Peat, the mayors communications director, says he was a volunteer in support of the Kielburgers charitable endeavours before being elected. Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. The top paid investment-banking head was Royal Banks Doug McGregor, 60, who received C$10 million as group head of capital markets and investor and treasury services. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. 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. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. 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. The average RBC salary ranges from approximately $37,000 per year for Client Advisor to $200,000 per year for Business Manager. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. 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. Dave McKay, who became CEO in August 2014, received a salary of $1.3-million, along with a bonus of about $2.3-million and stock options valued at about $7.3-million. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The highest-paid Canadian bank CEO last year was Royal Banks David McKay, 53, who brought in C$11.5 million, followed by Bank of Montreals William Downe, 64, with C$10.6 million and Scotiabanks Brian Porter, 59, at C$10.1 million. View Jennifer Tory's business profile as Board Member at BCE. Graduated. rights reserved. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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.Darren Calabrese/The Globe and Mail. This city might have the strongest housing market in Canada, BMO gets green light to buy Bank of the West in biggest deal ever for Canadian bank, A mental health crisis in Canada is fuelling billions in losses for employers, tap here to see other videos from our team. 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. 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.. She is an outstanding leader with a track record of strong performance throughout her career. Douglas Guzman, group head of RBC Wealth Management and RBC Insurance, made $7.5 million in total compensation for fiscal 2018, up slightly from $7.4 million in 2017. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. Web"/> . The next issue of Financial Post Top Stories will soon be in your inbox. Please try again. Five of the 12 board nominees this year are women, or 42%. His son, John Tory, is the current Mayor of Toronto and former Progressive Conservative Party of Ontario leader. Having started her career with the Royal Bank of Canada in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial Banking responsible for RBC's banking businesses in Canada and the Caribbean from April 2014 until May 2017. View the executive profile of Jennifer Tory, Chief Administrative Officer at Royal Bank of Canada, on Equilar ExecAtlas to see current and past work history and gain access to Jennifer Tory's network of 42 business contacts. He was accompanied in Kenya by his sister, Jennifer Tory. 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. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. She will report to Mr. McKay and will become a member of RBCs Group Executive, which is responsible for setting the overall strategic direction of the bank. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. Throughout her 42-year career, Ms.Tory held a number of key senior operating positions across retail distribution and operations, including overseeing digital & cost transformation of the business. But we have seen that the banks really are working very hard to get their numbers up as far as female representation at the executive suite.. $60,499 / yr. That is separate from the nearly $6.1 million the City plans to spend for the 10-year lease, if it also exercises an optional five-year extension. Find contact's direct phone number, email address, work history, and more. I am delighted that she will be joining our Group Executive team and I know that we will all benefit from her knowledge, ideas and strong client focus.. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. A request that the bank create a new technologies committee. Client Associate salaries - 39 salaries reported. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8, put its Weston Foods bakery business up for sale. 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. The property is currently assessed at just under $2.3 million for tax purposes. Ms. Tory has been instrumental in the advancement of women and other diverse groups at RBC - where diversity is a long-standing core value. She is Chair, Toronto International Film Festival Board and sits on the Sunnybrook Hospital Foundation Board; Jennifer is also a fundraiser for several other charitable organizations including WE (formerly Free the Children) and United Way.
Woodbridge is the holding company for Canadas wealthiest family, the Thomsons. TIFF. RBC announced Mr. Nixons retirement on Dec 6. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. This advertisement has not loaded yet, but your article continues below. presentation-ready copies of Toronto Star content for distribution Ms. Tory participated in the development of RBCs Diversity Blueprint, a strategic outline of the banks diversity priorities and objectives. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. Jennifer Tory, ICD.D, C.M.
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