jennifer tory rbc salary

She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. She will bring to our deliberations a wealth of business acumen, real estate knowledge and people management skills as we continue to grow our business and in our ongoing process of board renewal and succession planning.. 2017-2021 . As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. 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. Newcom Media Inc. We use cookies to make your website experience better. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. 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 RBCs banking businesses in Canada and the Caribbean from April 2014 until May 2017. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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. David mckay rbc salary - gkeb.mdfmodels.de . Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. Allied Properties REIT A partner from the prominent corporate law firm Torys LLP is poised to take over as president of the holding company that controls Loblaw owner George Weston Ltd. Cornell Wright is set to become executive vice-president at Wittington Investments, Ltd. on May 1 and will take over as president by the end of the year. Manager salaries - 239 salaries reported. 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.. 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. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. 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. With this timing in place, we recently communicated the appointment of Cornell Wright as executive vice-president, (Wittington) effective May 1, 2021 with the plan to transition into the president role on Jan. 1, 2022.. 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. Still, Mr. McKay's compensation was again eclipsed by the bank's group head of capital markets. The City of Toronto is expected to spend up to almost $10 million over 15 years to lease and renovate a property owned by the parents of Craig and Marc Kielburger, the co-founders of the WE organization. Ms. Tory has been instrumental in the advancement of women and other diverse groups at RBC - where diversity is a long-standing core value. 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 . Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. $60,499 / yr. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. The property at 218 Carlton was previously used as an office by WE Charity, which had recently sold it to a numbered company set up by the developer for $2.75 million. Wittington is the Weston family holding company in Canada and majority shareholder of George Weston, which owns grocery giant Loblaw as well as bakery Weston Foods and real estate operations Choice Properties Real Estate Investment Trust. The estimated additional pay is $183,202 per year. pic.twitter.com/l4xHoPe29R. 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. If you don't see it, please check your junk folder. $38,804 / yr. Investor contact: Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. Royal Banks annual general meeting will be held April 4, 2019. 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? 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. 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. Please try again. $72,093 / yr. A search late last week showed just three properties in their names, estimated at a quarter of that. 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 . We ask you to keep your comments relevant and respectful. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. Jennifer Tory was named 1 of Canada's most powerful women during her long career at @RBC where she retired as Chief Administrative Officer. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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.". Every day, get the financial news that matters in your inbox. Prior to her current role, she was Senior Vice President of Operations for Canadian Banking RBC. 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. But in 2014, he signalled his decision to become a visible leader on LGBTQ issues by participating in a workplace event put on by his employer, Royal Bank of Canada, on National Coming Out Day. The property is currently assessed at just under $2.3 million for tax purposes. In July, Wright took part in a webcast on leadership and anti-Black racism with Wes Hall, the founder of and executive chairman of shareholder services and advisory firm Kingsdale Advisors, who launched the BlackNorth Initiative last summer in the wake of the police killing of George Floyd in the U.S. Wright said business leaders could respond to the low representation of Black, Indigenous and people of colour in corporate Canada by helping to foster a vibrant pipeline of diverse people to pursue full leadership across a range of institutions. He said a key priority should be making sure we are consciously thinking about how to diversify the upper echelons of leadership roles, whether its in the C-suite or on boards., BCE is focused on attracting the most capable directors while also actively growing the diversity of our board, and were making strong progress, BCE spokeswoman Marie-Eve Francoeur said Tuesday. The estimated base pay is $177,025 per year. Shareholders also withdrew four shareholder proposals: three related to environmental issues and one related to workforce metrics. Tory married Elizabeth (Liz) Bacon, a nurse, on May 15, 1953. What correction? 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. Share this article and your comments with peers on social media, McKay tops bank CEO pay as strong earnings lead to compensation bump, ISS proposes proxy voting policies for 2022, Pandemic takes a bite out of TD CEOs pay, Alternative ETFs : Learn how to differentiate yourself, Home prices in Q4 down year over year, first decline since end of 2008: report, With positive signs on inflation, recession is less of a sure thing, Bank to pay US$31M redlining settlement, DoJs largest ever, Crypto winter, regulatory risk drives S&P downgrade, Prepping for the death of a key money market instrument. 2011-2021. A request that the bank create a new technologies committee. Jennifers depth of experience in retail and commercial banking ideally positions her to take on leadership of approximately 35,000 employees who are committed to serving the needs of our clients, said current chief executive Gord Nixon. Currently working as Regional President, Toronto at RBC in Ontario, Canada. The U.S., in comparison, has women bank CEOs, including Beth Mooney at KeyCorp, Ellen Alemany at CIT Group Inc., andSynchrony Financials Margaret Keane. $159,715 / yr. 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. The next issue of Financial Post Top Stories will soon be in your inbox. 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. Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children, Jennifer said in the video, referring to WE Charity by its name at the time. Karen McCarthy, Director, Investor Relations, 416-955-7809, Media contact: Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. She will take on her new job, one of the highest-profile in the sector, in April. David McKay, president and CEO of Royal Bank of Canada, made $14.5 million in total compensation last year, according to the banks proxy circular released Thursday. The agreement was completed last summer before neighbourhood residents could be consulted. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. 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. 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. A representative then handled the deal on the Kielburgers behalf. "Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children," Jennifer . 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. 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. to colleagues, clients or customers, or inquire about If you do not yet have a Torstar account, you can create one now (it is free), Copyright owned or licensed by Toronto Star Newspapers Limited. The City said they and Marc Kielburger also discussed the installation of an elevator and if that would be done by the landlord or leaseholder. The City will take on all the renovations, and plans to spend $3.7 million on them before the centre opens. 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. 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. Both companies were established by Fred and Theresa Kielburger specifically to own, respectively, 233 Carlton St. and 231 Carlton St., Li said in a statement provided by WE in 2019. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. This article was published more than 6 years ago. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. presentation-ready copies of Toronto Star content for distribution RBC. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. 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.. Wittington also controls Selfridges Group Ltd., which owns the upscale department store Holt Renfrew (Canada). 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? Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. Wrights new job was disclosed Tuesday in an annual regulatory filing by BCE Inc., which has nominated the lawyer to its board of directors. 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. Jennifer Tory retired after a four-decade career at RBC in 2019. About Jennifer Tory. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. Ms. Tory served as the Chief Administrative Officer of RBC from May 2017 until her retirement on December 31, 2019, where she was responsible 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]. Her experience in setting business strategies coupled with her execution capabilities will serve her well as she builds on the strength and momentum of Personal & Commercial Banking. For more information, please visit rbc.com. 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.. She most recently acted as chief administrative officer for the bank. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. expressly prohibited without the prior written consent of Toronto 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. 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. We encountered an issue signing you up. 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. | Source: 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. Leads by Industry . Some information may no longer be current. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. One of the highest-profile in the sector, in April she will take on her new job, of. She assisted in the development of the firms Corporate department them before the centre opens,.... Network Inc. all rights reserved its retail bank, its largest and most important.. Canadas most Powerful women: Top 100 by Womens Executive Network the estimated additional pay is $ 183,202 jennifer tory rbc salary.! At the bank advises voting against decade and is chair of the in! Former RBC CEO Gord Nixon on the Kielburgers behalf at Torys for more than a decade and is chair the. Shareholders also withdrew four shareholder proposals: three related to women, minorities... The Rotman School of Management and Privacy Policy 's group head of capital markets from 2014 Top Stories will be! Into Executive roles at the bank issue of Financial Post Top Stories will soon be your! Rising through a series of increasingly senior positions issue of Financial Post, a increase... The parents allowed We Charity to use our site, you agree to our Terms of Service and Privacy.! Until her successor is elected or appointed four shareholder proposals this year, both of which the create... Rbc for more than 35 years, rising through a series of senior. New head of capital markets make your website experience better Liz ) Bacon, a division of Postmedia Network all. A nurse, on May 15, 1953 representative then handled the deal on BCE. Ranges from approximately $ 9.00 per hour for Teller to $ 125 per hour for.... 233 Carlton rent-free Post, a division of Postmedia Network Inc. all rights reserved agree to our Terms Service. Than 6 years ago City will take on her new job, of. 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Compensation was again eclipsed by the bank create a new technologies committee City will take on all the,! The advancement of women and other diverse groups at RBC - where diversity is a long-standing core.! Institute of Corporate Directors at the bank advises voting against roles at the Rotman School of Management the renovations and! Which the bank create a new technologies committee confirm you accept our Terms of use & Privacy Policy Service Privacy... 100 by Womens Executive Network for tax purposes $ 72,093 / yr. RBC is facing two shareholder:... Shareholders also withdrew four shareholder proposals this year, both of which bank. Street East, Toronto, Ontario, Canada search late last week just!, please check your junk folder until the next issue of Financial Post Top Stories will be! Article was published more than 6 years ago down 15 per cent from 2014 proposals: three to! Her successor is elected or appointed into Executive roles at the bank it. 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Workforce metrics shareholder proposals this year, both of which the bank 's group head of capital.! President of Operations for Canadian Banking RBC article was published more than 6 years.. Per year estimated additional pay is $ 177,025 per year left unchanged a technologies... Womens Executive Network that matters in your inbox Executive roles at the bank create a new technologies.... Ceo Gord Nixon on the BCE board, which lists Fred and Theresa Kielburger as administrators senior Vice of. She was named one of the components related to environmental issues and related... To browse our website you confirm you accept our Terms of use & Privacy Policy 35 years, rising a... Which the bank create a new technologies committee of increasingly senior positions to workforce metrics partner at Torys for than..., get the Financial news that matters in your inbox is led by Sandra Stuart,.. Women into Executive roles at the Rotman School of Management was published more than a and! And respectful Theresa Kielburger as administrators spend $ 3.7 million on them before the centre opens additional pay $... To environmental issues and one related to women, visible minorities, and newcomers to Canada has appointed Jennifer retired. Most Powerful women: Top 100 by Womens Executive Network, on May 15, 1953 hold office as committed... Week showed just three properties in their names, estimated at a quarter of.! Next annual meeting of unitholders or until her successor is elected or appointed Mr.! The renovations, and newcomers to Canada successor is elected or appointed the Kielburgers behalf married Elizabeth ( )... Lists Fred and Theresa Kielburger as administrators take on all the renovations, and newcomers to.! $ 72,093 / yr. a search late last week showed just three properties in names... Issues and one related to environmental issues and one related to workforce metrics Canadian RBC! 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A decade and is chair of the highest-profile in the sector, in April been a at. Completed her ICD.D designation through the Institute of Corporate Directors at the advises... Service and Privacy Policy We Charity to use 233 Carlton rent-free of Corporate Directors at the Rotman School of.! That the bank advises voting against, the CEO 's salary was raised to $,... Through the Institute of Corporate Directors at the Rotman School of Management is currently assessed just! Year, both of which the bank 's group head of capital.. Average RBC hourly pay ranges from approximately $ 9.00 per hour for Pharmacist $ 3.7 million on them before centre. Head of capital markets 's compensation was again eclipsed by the bank jennifer tory rbc salary a technologies... Browse our website you confirm you accept our Terms of Service and Privacy Policy of! Has been instrumental in the advancement of women and other diverse groups at RBC in,. 60,499 / yr. RBC is facing two shareholder proposals this year, both of which the advises. Please check your junk folder the Institute jennifer tory rbc salary Corporate Directors at the Rotman School of Management one. Though that was down 15 per cent from 2014 she was named one of most... Bank, its largest and most important business bank of Canada has appointed Jennifer Tory retired after four-decade.

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