The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Board Member. Board Member. Client Associate salaries - 39 salaries reported. Still, there are no female chief executive officers among Canadas largest banks, extending an industry shutout that stretches back two centuries. 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. "Jennifer's depth of experience in retail and commercial banking ideally positions her to take on leadership of approximately 35,000 employees who are committed . 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. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. 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. There is no lack of energy, effort and discussion happening.. Visit our Community Guidelines for more information and details on how to adjust your email settings. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. 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. Comments may take up to an hour for moderation before appearing on the site. 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.. 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. 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. These positions allow her to significantly influence and impact the banks diversity agenda, plans, and goals. The next issue of Financial Post Top Stories will soon be in your inbox. The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. 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. Ms. Tory is a director of BCE and Bell Canada board since April2021.
In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. Jennifer Tory retired after a four-decade career at RBC in 2019. RBC employees rate the overall compensation and benefits .
Its pretty middle-of-the-road of the Toronto lease market.. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. Every day, get the financial news that matters in your inbox. 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. He was accompanied in Kenya by his sister, Jennifer Tory. To order copies of At the time, he was leader of the Progressive Conservative Party of Ontario. A representative then handled the deal on the Kielburgers behalf. personal and corporate concierge company, How a scarcity mindset leads to infighting between marginalized groups. 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. Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. 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.
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. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. 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. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. 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. rights reserved. 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. She will join former RBC CEO Gord Nixon on the BCE. The client was not given the opportunity to put restrictions on the content or review it prior to publication. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Wright also has a history with the Weston family, previously representing Loblaw in its $12.4 billion deal to acquire Shoppers Drug Mart Corp. in 2014 and working on the spin-out of Loblaws interest in Choice Properties REIT in 2018. Bay Streets highest-paid female banker set a new benchmark for women executives in the banking industry though their ranks among the top wage earners remain thin. 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. Thrilled to sign the register at the wedding of Leysa Cerswell and Craig Kielburger in Scarborough. 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. 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. 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. Jennifer Tory, ICD.D, C.M. David MacKay got a 9% raise over 2017, thanks in part to banks top position in mutual fund assets. The agreement was completed last summer before neighbourhood residents could be consulted. Management resources and compensation committee. 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. TIFF. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. 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. Her passion for employees, clients, and community set her apart, noted Mr. McKay. 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. Unauthorized distribution, transmission or republication strictly prohibited. Woodbridge is the holding company for Canadas wealthiest family, the Thomsons. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. $60,499 / yr.
Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. Janice Fukakusa, Royal Bank of Canada's former chief financial officer, was the highest paid woman among the country's eight largest lenders in fiscal 2016, bringing in C$4.67 million in compensation excluding pension. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. $159,715 / yr. All rights reserved. If you don't see it, please check your junk folder. Dave McKay, who became CEO of the Royal Bank of Canada in August 2014, received a salary of $1.3-million in 2015, along with a bonus of about $2.3-million and stock options valued at about $7.3-million.Darren Calabrese/The Globe and Mail. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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 next issue of Financial Post Top Stories will soon be in your inbox. Read more about cookies here. Currently working as Regional President, Toronto at RBC in Ontario, Canada. 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. 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. July 29, 2020 17:01 ET
Visit our Community Guidelines for more information and details on how to adjust your email settings. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. 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. This article was published more than 6 years ago. 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. 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. 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. For more information, please visit rbc.com. $139,667 / yr. 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. We encountered an issue signing you up. $138,110 / yr. Analyst salaries - 222 salaries reported. 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. She will take on her new job, one of the highest-profile in the sector, in April. 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 is currently assessed at just under $2.3 million for tax purposes. The highest-paid Canadian bank CEO last year was Royal Banks David McKay, 53, who brought in C$11.5 million, followed by Bank of Montreals William Downe, 64, with C$10.6 million and Scotiabanks Brian Porter, 59, at C$10.1 million. 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. Associate Director salaries - 45 salaries reported. pic.twitter.com/l4xHoPe29R. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. She is Chair, Toronto International Film Festival Board and sits on the Sunnybrook Hospital Foundation Board; Jennifer is also a fundraiser for several other charitable organizations including WE (formerly Free the Children) and United Way. One of RBCs core values is diversity for growth and innovation, and Im fortunate to be part of an organization that believes in championing women and supports efforts to move the bar in senior leadership representation.
Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. Does growth in self-managed accounts defy need for advice? $55,284 / yr. View Jennifer Tory's business profile as Board Member at BCE. Education. Karen McCarthy, Director, Investor Relations, 416-955-7809, Media contact:
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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Others include Jennifer Tory, also of Royal Bank, who earned C$4.29 million as group head of personal and commercial banking; Toronto-Dominion Banks Colleen Johnston, 58, who brought in C$3.1 million; and Diane Giard, 56, of National Bank of Canada who made C$2.84 million. This copy is for your personal non-commercial use only. 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. 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.. 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.. Board Memberships & Affiliations. 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 . Manager salaries - 239 salaries reported. Widespread shortage of homes in Canada: Royal LePage president, The "holy grail" of a soft landing is back in play, The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods, Coinbase rating cut on drop in trading volume, retail interest, Dorothy Sanford, former head of MFDA IPC, heads new investor group, Bankers' Acceptances, which represent 20% of money market, expected to disappear in 2024, Quebec's top regulator will leave the agency after 17 years, including 10 at the helm, Tech, profound shocks have changed investor behaviour. It is a wonderful thing to be recognized for what, for me, has provided my greatest satisfaction in my 33 years at RBC developing people.. Pavi Binning is the current president of Wittington.
. Allieds business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. 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. 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. The City said renovations have not started yet. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Web"/> . Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. 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. But we have seen that the banks really are working very hard to get their numbers up as far as female representation at the executive suite.. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. Her responsibilities will include retail banking operations and certain retail . "Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children," Jennifer . Victor Li, the CFO for WE Charity and ME to WE, assisted the Kielburger parents in setting up both numbered companies. We apologize, but this video has failed to load. 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. This advertisement has not loaded yet, but your article continues below. 2011-2021. 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. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. Registered Client Associate salaries - 49 salaries reported. She discusses the
BCE is boosting the diversity of its board with the appointments of Tory and Wright, who is one of a small number of Black partners at top corporate law firms in Canada. She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed. 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. Royal Banks annual general meeting will be held April 4, 2019. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. Neil McLaughlin, group head, Personal & Commercial Banking, made $4.5 million in total compensation, up from $2.9 million the year before. $84,613 / yr. Director salaries - 231 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, 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. 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. TORONTO, Feb. 24, 2017 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today announced that Jennifer Tory, currently Group Head Personal & Commercial Bank (P&CB) will assume the role of Chief .
Also Tuesday, George Weston announced it has put its Weston Foods bakery business up for sale and plans to focus on its retail and real estate investment operations. Salary information comes from 1,524 data points collected directly from employees, users, and past and present . She is an outstanding leader with a track record of strong performance throughout her career. 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. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Royal Bank of Canada said on Tuesday that it had promoted Jennifer Tory to head of its personal and commercial banking business, replacing Dave McKay, who will become chief executive officer later this year. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. I am honoured to have been asked to lead Personal & Commercial Banking. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. The estimated additional pay is $183,202 per year. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. WE told the National Post that Fred and Theresa Kielburger had purchased the property at the foundations request because the organization did not have sufficient funds at the time and then sold it to the foundation for the same price they had paid. Some information may no longer be current. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. 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.". 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