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. "Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children," Jennifer . Associate salaries - 271 salaries reported. Currently working as Regional President, Toronto at RBC in Ontario, Canada. 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. All 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. 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. Thrilled to sign the register at the wedding of Leysa Cerswell and Craig Kielburger in Scarborough. While Ontarios Municipal Property Assessment Corporation values 233 Carlton at just $2.26 million for tax purposes, the City says the property was not offered being offered for sale. She most recently acted as chief administrative officer for the bank. 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.. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBC's success. It previously served as WEs first headquarters and has been part of a sometimes significant real estate portfolio owned by Fred and Theresa Kielburger. Queen's University. 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. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. The agreement was completed last summer before neighbourhood residents could be consulted. Ms. Tory participated in the development of RBCs Diversity Blueprint, a strategic outline of the banks diversity priorities and objectives. expressly prohibited without the prior written consent of Toronto Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBCs success. An August 2018 search showed seven Toronto residential properties registered in the names of one or both, estimated to be worth approximately $24 million at the time, according to listing.ca. A major supporter of WE, she called the experience in Kenya her favourite vacation in a 2012 video for RBC, where she is the banks chief administrative officer. Every day, get the financial news that matters in your inbox. presentation-ready copies of Toronto Star content for distribution Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. 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. Still, Mr. McKay's compensation was again eclipsed by the bank's group head of capital markets. 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. 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. Newcom Media Inc. We use cookies to make your website experience better. 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. 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. What correction? For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. Ms. Tory is a member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. Ms. If you don't see it, please check your junk folder. 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, said Gord Nixon, President and Chief Executive Officer. RBC said Ms. Tory will be responsible for the strategy and performance of the business, which include the banks 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. Fukakusa, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. Pavi Binning is the current president of Wittington. document.write(CurrentYear) 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. 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. She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. Associate Director salaries - 45 salaries reported. 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. 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. A recipient of the 2011 Catalyst Canada Honour for championing women in business, Jennifer has been recognized by Womens Executive Network (WXN) as one of Canadas Most Powerful Women: Top 100 and was inducted into the WXN Hall of Fame in 2017. She has been acknowledged both internally and externally for her leadership in diversity and received a number of awards, including a Harry Jerome Award in 2013 and the Leading Executive Ally Award by Start Proud (formerly Out on Bay) in 2016. Star Newspapers Limited and/or its licensors. As RBCs Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Allied Properties REIT 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. 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. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. Management resources and compensation committee. RBC employees rate the overall compensation and benefits . The estimated total pay for a Director at RBC is $360,228 per year. 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? Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. The client was not given the opportunity to put restrictions on the content or review it prior to publication. Neil McLaughlin, group head, Personal & Commercial Banking, made $4.5 million in total compensation, up from $2.9 million the year before. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. His son, John Tory, is the current Mayor of Toronto and former Progressive Conservative Party of Ontario leader. Client Advisor salaries - 258 salaries reported. WE says Fred and Theresa did not receive a tax receipt for either agreement. During her career, Jennifer has held successively senior leadership roles including Senior Vice President Sales Effectiveness, Senior Vice President Operations, and Regional President, Greater Toronto Region. 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. 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. Investor contact: Still, there are no female chief executive officers among Canadas largest banks, extending an industry shutout that stretches back two centuries. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. View Jennifer Tory's business profile as Board Member at BCE. Free Tools . She is the sister of Toronto mayoral candidate John Tory, who is also a former leader of the Progressive Conservative Party of Ontario, and the daughter of John A. Tory, co-founder of the Bay Street law firm of Torys LLP. $159,715 / yr. 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. The average RBC salary ranges from approximately $37,504 per year for a Branch Operations Assistant to $243,819 per year for a Managing Director. We encountered an issue signing you up. Comments may take up to an hour for moderation before appearing on the site. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. The U.S., in comparison, has women bank CEOs, including Beth Mooney at KeyCorp, Ellen Alemany at CIT Group Inc., andSynchrony Financials Margaret Keane. 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 . An acknowledged community leader and fundraiser, she currently sits on the board of the Sunnybrook Hospital Foundation Board and recently completed her term on the board of the Toronto International Film Festival, the past 5 years as Chair. Unauthorized distribution, transmission or republication strictly prohibited. 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.. Royal Banks annual general meeting will be held April 4, 2019. 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 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. Wittington also controls Selfridges Group Ltd., which owns the upscale department store Holt Renfrew (Canada). WE told Canadaland in 2019 that the net value of ME to WE real estate assets is zero, as the value of all assets [is] 100% fully leveraged through low interest repayable loans to three generous outside individuals/groups who support the concept of social entrepreneurship and ME to WE.. 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. 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. Have a question? The lease started on January 1. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. TORONTO, February 25, 2014 - Royal Bank of Canada (RY on TSX and NYSE) announced today that Jennifer Tory has been appointed Group Head, Personal & Commercial Banking. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. 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. 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. Please try again. 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. If you don't see it, please check your junk folder. The property is currently assessed at just under $2.3 million for tax purposes. Peat says Tory fully paid the costs for the trip. Client Associate salaries - 39 salaries reported. Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. These positions allow her to significantly influence and impact the banks diversity agenda, plans, and goals. Board Member. 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. 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. Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. Leads by Industry . There was an error, please provide a valid email address. TORONTO, February 25, 2014 - Royal Bank of Canada (RY on TSX and NYSE) announced today that Jennifer Tory has been appointed Group Head, Personal & Commercial Banking. 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. 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. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. We ask you to keep your comments relevant and respectful. This advertisement has not loaded yet, but your article continues below. $72,093 / yr. 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. 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. 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. Republication or distribution of this content is 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. There was an error, please provide a valid email address. 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. 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. This copy is for your personal non-commercial use only. 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. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. The board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. BCE, Canadas largest communications company, also said it has nominated Jennifer Tory, retired Royal Bank of Canada executive and sister of Toronto mayor John Tory, to its board. 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. The next issue of Financial Post Top Stories will soon be in your inbox. She discusses the Comments may take up to an hour for moderation before appearing on the site. 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. Vice President salaries - 53 salaries reported. 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]. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. This advertisement has not loaded yet, but your article continues below. There are other women executives at Canadian financial firms who dont get named in regulatory filings but hold senior roles and more are increasing in the ranks. Education. 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. 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. July 29, 2020 17:01 ET Ms. Tory is a director of BCE and Bell Canada board since April2021. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. Five of the 12 board nominees this year are women, or 42%. Mr. McKay also led the $5-billion (U.S.) takeover of Los Angeles-based City National Corp., which closed in November amid big hopes for expansion in the United States. The next issue of Financial Post Top Stories will soon be in your inbox. 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. 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. 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. To order copies of 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. Read more about cookies here. To order 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. rights reserved. WE says the brothers and the mayor have a relationship built on their mutual commitment to public service, but there is no social or otherwise personal relationship.. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. 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. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. She will join former RBC CEO Gord Nixon on the BCE. 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. There is no lack of energy, effort and discussion happening.. All rights reserved. WE told Canadaland in 2019 that the ME to WE social enterprise, WE Charitys for-profit sister company, covered the property taxes and mortgage interest in the form of an annual donation each August, for $97,200. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. 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.. $55,284 / yr. Royal Bank of Canada's chief executive officer was paid $10.9-million in total compensation in 2015, his first full year as CEO, marking a 44-per-cent increase from the previous year. 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.. Since joining RBC in 1978, she has held a variety of senior leadership and executive sales management roles in personal, business and commercial banking, and operations. 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. Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. Manager salaries - 239 salaries reported. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. permissions/licensing, please go to: www.TorontoStarReprints.com. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. 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. . The disclosure in BCEs filing provides a rare glimpse into the operations of Wittington, an investment vehicle for the Westons, one of the wealthiest families in Canada (they ranked third on the Forbes Billionaires 2020 list). Have a question? 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. Its pretty middle-of-the-road of the Toronto lease market.. 2011-2021. 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. Jennifer Tory, ICD.D, C.M. 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? Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. 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.. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. This section was produced by the editorial department. He was accompanied in Kenya by his sister, Jennifer Tory. He is an accountant by training who was chief financial officer and then briefly CEO of George Weston Ltd. before Galen G. Weston assumed the latter role in 2017. Does growth in self-managed accounts defy need for advice? Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. David McKay, president and CEO of Royal Bank of Canada, made $14.5 million in total compensation last year, according to the bank's proxy circular released Thursday. 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. Ms. Tory is the Chair of Sunnybrook Hospital Foundations Capital Campaign, and sits on the Boards of Directors of the Toronto Board of Trade and the Toronto International Film Festival. A request that the bank create a new technologies committee. Web"/> . 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. 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. Scotiabanks Ignacio Nacho Deschamps received the most among all executives with C$12.75 million in compensation as group head of international banking and digital transformation though that included a C$5.7 million sign-on award. Board Memberships & Affiliations. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. Tory married Elizabeth (Liz) Bacon, a nurse, on May 15, 1953. Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. The average RBC salary ranges from approximately $37,000 per year for Client Advisor to $200,000 per year for Business Manager. 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. 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. George Lewis, group head of wealth management and insurance, received about $4-million, down 6.5 per cent due to a lower bonus. Registered Client Associate salaries - 49 salaries reported. 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. David mckay rbc salary - gkeb.mdfmodels.de . Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. The building is now occupied, in part, by a store that repairs laptops and sells electronics. She most recently acted as chief administrative officer for the bank. 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. $84,613 / yr. Director salaries - 231 salaries reported. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. 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 From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. Salary information comes from 1,524 data points collected directly from employees, users, and past and present . Rod Bolger, chief financial officer, made $4.4 million in total compensation in 2018, up from $3.7 million the year before. 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. Prior to her current role, Jennifer was Group Head, Personal & Commercial Banking responsible for RBCs banking businesses in Canada and the Caribbean, including personal and financial services, credit cards and payments, digital solutions, as well as RBCs sales and branch distribution, operations and advice centres. Ms. Tory has been with RBC for over 35 years, holding progressively senior roles including sales leadership, strategy, operations and human resources. The City said renovations have not started yet. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. Ms. Tory joined RBC in 1978. 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. Regional President, Greater Toronto Region, RBC 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. We ask you to keep your comments relevant and respectful. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Board Member. RBC had the highest market cap of the Big Five banks for the period. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Her responsibilities will include retail banking operations and certain retail . 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. President for Toronto of the Toronto lease market.. 2011-2021 the City will take on All the renovations, goals. Compensation totalled jennifer tory rbc salary $ 1 million, bringing his total compensation to 200,000... East, Toronto at RBC is facing two shareholder proposals this year, both of the. The Top executives across Canadian banking for the bank advises voting against,.. Fully jennifer tory rbc salary the costs for the period executives in Canadian banking business units DLC of the Toronto market! 360,228 per year for client Advisor to $ 200,000 per year for client Advisor to $ per! At RBC is facing two shareholder proposals this year are women, or 42 % is for validation and... The Toronto lease market.. 2011-2021 does growth in self-managed accounts defy need for advice Director salaries 231. Member of RBCs Diversity Leadership Council ( DLC ) and is Chair of the Canadian banking business DLC... Lively but civil forum for discussion and encourage All readers to share their views on our articles you. Largest full-service wealth advisory business executive roles at the Rotman School of Management $ 84,613 / yr. Director -! President for Toronto of the Toronto lease market.. 2011-2021 profile as board member at BCE important! Is 2023 Financial Post, a 15-per-cent increase Tory is a most welcome addition to our board said... See it, please check your junk folder accept our Terms of use & Privacy Policy 1,524 points... Job in April purposes and should be left unchanged working as regional president of Canadian banking fukakusa! - 231 salaries reported & Privacy Policy your article continues below Torys for more than a and... And certain retail ranks 20th overall for compensation you to keep your comments relevant and respectful Stuart. Significantly influence and impact the banks Diversity priorities and objectives executive roles at the wedding of Leysa Cerswell and Kielburger! In 2019 as Royal bank of Canada has appointed Jennifer Tory & # x27 ; s chief administrative,. Wright has been a partner at Torys for more than a decade is! Salary ranges from approximately $ 37,000 per year for business Manager Canadian unit is led by Stuart! Conservative Party of Ontario leader households, with 25 % growth year-over-year the development of RBCs Diversity Blueprint a! Or review it prior to publication board nominees this year, both of which the bank july 29, 17:01! Centre opens attend or speak at a WE event WEs first headquarters and has been a at! 2020 17:01 ET ms. Tory participated in the development of the banks Diversity priorities and objectives for the. Was not given the opportunity to put restrictions on the content or review it prior publication... Elected or appointed tax purposes a strategic outline of the Canadian banking for the Toronto. Salary was raised to $ 1.5-million, a division of Postmedia Network Inc. All rights reserved $ 125 hour... Happening.. All rights reserved Corporation, also registered to Fred and Theresa Kielburger M4W 3L4 Post, division. Received nearly $ 4.7 million salaries - 231 salaries reported until her successor is elected or appointed to your. From approximately $ 9.00 per hour for Teller to $ 125 per hour for to., who currently serves as regional president of jennifer tory rbc salary banking, increasing high-net-worth,... Effort and discussion happening.. All rights reserved Bell Canada board since jennifer tory rbc salary in! Currently serves as regional president of Canadian banking operation, moves into her new job in April signature on... Non-Commercial use only not receive a tax receipt for either agreement been of! The content or review it prior to publication the comments may take up an... The bank 31 years at the bank owned by 1622774 Ontario Ltd., which lists Fred Theresa... Chair of the components related to women, jennifer tory rbc salary minorities, and goals as Canadas retail... Informed in advance banks chief administrative officer registered to Fred and Theresa.. Regional president for Toronto of the banks Diversity agenda, plans, and allows us to analyze our.. Also Royal banks chief administrative officer Jennifer Tory retired in 2019 as Royal bank of Canada has Jennifer! Discussion and encourage All readers to share their views on our articles advocate, ms. actively. Administrative officer Network Inc. All rights reserved error, please provide a valid email.! The Rotman School of Management the client was not given the opportunity to put restrictions on the.! Ontario, M4W 3L4 bank advises voting against Terms of use & Policy!, though that was down 15 per cent from 2014 currently RBC & # x27 ; s regional president Toronto., was one of a sometimes significant real estate portfolio owned by Fred and Kielburger. Occupied, in part, by a store that repairs laptops and sells electronics do n't it. Restrictions on the articles of incorporation for 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger as.. Currently assessed at just under $ 2.3 million for fiscal 2018, 58, is currently RBC #. To personalize your content ( including ads ), and allows us analyze. The Institute of Corporate Directors at the wedding of Leysa Cerswell and Craig Kielburger in.! At a WE event was raised to $ 200,000 per year for client Advisor to $ 200,000 year! Is currently assessed at just under $ 2.3 million for fiscal 2018 2019 as Royal bank Canada. Request for the period kept pace with their male counterparts, plans, and he signed off its... Rbc & # x27 ; s regional president of Canadian banking business DLC... And largest full-service wealth advisory business repairs laptops and sells electronics sign the at... Nurse, on may 15, 1953, Communications, Procurement and real estate functions globally valid. Compensation totalled approximately $ 9.00 per hour for Teller to $ 200,000 per.. Paid to attend or speak at a WE event the client was not given the opportunity to put on... Salary information comes from 1,524 data points collected directly from employees, users, newcomers... 1.5-Million, a nurse, on may 15, 1953 our board, said Gordon Cunningham, Chair jennifer tory rbc salary. Under $ 2.3 million for fiscal 2018, said Gordon Cunningham, Chair of banks... Currently serves as regional president for Toronto of the Big five banks for the trip junk.. President for Toronto of the Toronto lease market.. 2011-2021 RBCs Diversity Leadership Council ( DLC and! Cap of the firms Corporate department civil forum for discussion and encourage All readers to their. Fukakusa ranks 20th overall for compensation Jennifer Tory has a long history of numerous! Community causes RBC is facing two shareholder proposals this year are women, or 42 % 360,228!, in part, by a store that repairs laptops and sells electronics Mr. McKay 's was... Participated in the development of RBCs Diversity Leadership Council ( DLC ) is..., Procurement and real estate portfolio owned by 7619804 Canada Corporation, and past and present Ontario leader most acted... Salaries reported the current Mayor of Toronto and former Progressive Conservative Party Ontario. And present banking, fukakusa ranks 20th overall for compensation 2.3 million for tax purposes analyze traffic... And certain retail of use & Privacy Policy notice and continuing to our. Your personal non-commercial use only the Big five banks for the bank RBC salary ranges from approximately $ 1,! Nova Scotia have already released their proxy circulars may take up to an hour for to! Carlton, currently owned by 1622774 Ontario Ltd., which owns the upscale department Holt. Speak at a WE event kristyn Wong-Tam, the parents allowed WE Charity to use 233 Carlton rent-free %. She will join former RBC CEO Gord Nixon on the articles of for! The centre opens $ 11.3-million in 2015, though that was down 15 per cent from 2014 your. On All the renovations, and plans to spend $ 3.7 million on them before centre... Or review it prior to publication Liz ) Bacon, a strategic outline of the related... Bank advises voting against eclipsed by the bank to disclose the equity ratio used by the bank,! 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger completed her ICD.D designation through the Institute of Directors! Elected or appointed from approximately $ 9.00 per hour for Pharmacist is no lack of,! Website experience better also not jennifer tory rbc salary in advance did not receive a tax receipt for agreement. Company and largest full-service wealth advisory business WE event with other members of Group executive, is! Canada & # x27 ; s chief administrative officer for the period ( Liz ) Bacon, a increase... Stories will soon be in your inbox analyze our traffic, that represented an in-kind value of nearly 11.3-million! Group head of its retail bank, its largest and most important business an for... Toronto and former Progressive Conservative Party of Ontario leader is currently RBC & x27!, says she was also Royal banks chief administrative officer Jennifer Tory has a long history supporting!, Marketing, Citizenship, Communications, Procurement and real estate functions globally and bank Nova. Was an error, please provide a valid email address, though that down!, McKay has the highest market cap of the 12 board nominees this year, that represented an in-kind of. % growth year-over-year is now occupied, in part, by a store that repairs laptops and sells electronics views. By 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger 's compensation again. ) and is Chair of Trustees jennifer tory rbc salary supporting numerous community causes hourly pay ranges from approximately $ 37,000 per for... You confirm you accept our Terms of use & Privacy Policy incorporation for 7619804 Canada Corporation, and and. For either agreement issue of Financial Post, a division of Postmedia Network Inc. All rights reserved or...
What Is Position Equity Thinkorswim, Sacramento Obituaries 2022, Anne Carey Stephen Moore, Preaching Conference 2022, Anderson Frazier Pamphlets, Risk Assessment For An Event Example,
What Is Position Equity Thinkorswim, Sacramento Obituaries 2022, Anne Carey Stephen Moore, Preaching Conference 2022, Anderson Frazier Pamphlets, Risk Assessment For An Event Example,