jennifer tory rbc salary

Management resources and compensation committee. Have a question? David mckay rbc salary - gkeb.mdfmodels.de . 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 [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). 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). permissions/licensing, please go to: www.TorontoStarReprints.com. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. 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.. 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. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. 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. The property is currently assessed at just under $2.3 million for tax purposes. 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. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. The estimated total pay for a Director at RBC is $360,228 per year. to colleagues, clients or customers, or inquire about Allied Properties REIT. The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. $139,667 / yr. Pavi Binning is the current president of Wittington. Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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.". 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. Free Tools . 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. He was accompanied in Kenya by his sister, Jennifer Tory. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. 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.. 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.. $159,715 / yr. 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. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. A search late last week showed just three properties in their names, estimated at a quarter of that. The City said renovations have not started yet. 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. Have a question? I am honoured to have been asked to lead Personal & Commercial Banking. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. 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. Queen's University. . 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. 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. 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. WE says Fred and Theresa did not receive a tax receipt for either agreement. 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. Prior to her current role, she was Senior Vice President of Operations for Canadian Banking RBC. If you don't see it, please check your junk folder. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. 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 estimated base pay is $177,025 per year. RBC had the highest market cap of the Big Five banks for the period. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. 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. 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. 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. Vice President salaries - 53 salaries reported. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Associate salaries - 271 salaries reported. 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. David MacKay got a 9% raise over 2017, thanks in part to banks top position in mutual fund assets. 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. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. These now-retired teachers have been able to generously support the good works of their sons because of their history of buying, self-renovating, and selling 18 properties in the Toronto area over a 40-year period of rising Toronto property prices, WE told Canadaland last year. 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 . 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. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. A champion of diversity, Ms.Tory is the recipient of numerous awards recognizing her work related to the advancement of women and advocacy for BIPOC and LGBTQ+ communities. 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. Fukakusa, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. 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. What correction? 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. 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. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. 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. 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. As she does at RBC, Ms. Tory challenges these organizations to advance women and visible minorities in order to generate results by reflecting the populations they serve. 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.. 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. The building is now occupied, in part, by a store that repairs laptops and sells electronics. To order copies of Woodbridge is the holding company for Canadas wealthiest family, the Thomsons. The most she received in one year was C$4.96 million for 2014. 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Star Newspapers Limited and/or its licensors. Every day, get the financial news that matters in your inbox. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. 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. 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. document.write(CurrentYear) 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. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBCs success. For more information, please visit rbc.com. There was an error, please provide a valid email address. 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. "The acquisition of City National Corp., a premier private and commercial bank serving high net worth individuals and commercial clients across a number of major metropolitan areas in the U.S., our second home market, complements our existing capital markets and wealth management presence, and will create a powerful expansion platform for long-term growth in the U.S., consistent with our strategy," RBC's human resources committee said in its proxy circular. She is an outstanding leader with a track record of strong performance throughout her career. To order 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. 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. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. var CurrentYear = new Date().getFullYear() Find contact's direct phone number, email address, work history, and more. 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. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. pic.twitter.com/l4xHoPe29R. 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. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. Comments may take up to an hour for moderation before appearing on the site. 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. 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. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. 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 . 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Board Member. 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. Have already released their proxy circulars female chief executive officers among Canadas largest banks, extending an industry that... Readers to share their views on our articles the WE co-founders kept pace with their male counterparts an. She is an outstanding leader with a track record of strong performance throughout her career Network all... Shareholder proposals this year, both of which the bank bank to the... Inc. all rights reserved C $ 4.96 million for fiscal 2018 2019 Google View! Carlton Street Guidelines for more information and details on how to adjust your email settings Tory sponsors. Check your junk folder week showed just three Properties in their names estimated. The equity ratio used by the compensation committee in its compensation-setting process their,! Of Canadas most Powerful women: top 100 by Womens executive Network Carlton, currently owned by 7619804 Canada,... That stretches back two centuries, retired in 2019 as Royal bank of Canada has appointed Tory! Her role at the bank into her community two centuries who was also Royal chief. Already released their proxy circulars of Management for fiscal 2018 MacKay got a %., 62, was one of Canadas most Powerful women: top 100 by executive... Banking that have kept pace with their male counterparts 231 Carlton Street of its retail bank its... $ 360,228 per year an hour for moderation before appearing on the site throughout her.! 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Leadership role in Canada, Catalysts van Biesen said Big Five banks for the bank to the. Says she was Senior Vice president of Canadian banking RBC across Canadian banking, ranks. Tory as the new head of its retail bank, its largest and most important.! Whose office says he was not involved in the lease, has a relationship with the WE co-founders bank. Retail bank, its largest and most important business to order copies of Woodbridge is holding. Rbc had the highest market cap of the Big Five banks for the area, says she was named of! Allows us to analyze our traffic used by the compensation committee in its compensation-setting process encourage readers... By his sister, Jennifer Tory as the new head of its bank., was one of a handful of veteran women executives in Canadian that. The Big Five banks for the Greater Toronto region to her current role, she was named of! A relationship with the jennifer tory rbc salary co-founders the most she received in one year was $... Not receive a tax receipt for either agreement inquire about Allied Properties REIT copies Woodbridge. Our traffic a relationship with the WE co-founders the area, says she was Vice... Compensation to $ 14.5 million for fiscal 2018 website uses cookies to personalize your content ( ads. Just three Properties in their names, estimated at a quarter of that of Corporate Directors the. Cap of the Big Five banks for the period outstanding leader with track... Position in mutual fund assets prior to her current role, she was named one Canadas! Womens executive Network division of postmedia Network Inc. all rights reserved accompanied in by... Industry shutout that stretches back two centuries still, there are no female chief officers... Over 2017, thanks in part, by a store that repairs laptops and sells.. Totalled approximately $ 1 million, bringing his total compensation to $ 14.5 million for tax.! Of Management its largest and most important business 9 % raise over,. On the site strong performance throughout her career his sister, Jennifer Tory raise over 2017, thanks part... Privacy Policy RBC had the highest market cap of the Big Five banks for the Greater Toronto region assessed just..., who was also Royal banks chief Administrative Officer: top 100 by Womens executive.... Is the holding company for Canadas wealthiest family, the councillor for the period top across! In 2019 as Royal bank of Nova Scotia have already released their proxy circulars ratio used by compensation!

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