jennifer tory rbc salarybarry mccaffrey wife

Those womenreceived C$22.3 million in compensationfor the year ended Oct. 31, or about 10 percent of C$214 million the executives earned in total. $55,284 / yr. The client was not given the opportunity to put restrictions on the content or review it prior to publication. 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. 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. 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]. 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. 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. 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. The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. 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. We ask you to keep your comments relevant and respectful. 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. 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 estimated additional pay is $183,202 per year. Douglas Guzman, group head of RBC Wealth Management and RBC Insurance, made $7.5 million in total compensation for fiscal 2018, up slightly from $7.4 million in 2017. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. 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. $139,667 / yr. She most recently acted as chief administrative officer for the bank. The most she received in one year was C$4.96 million for 2014. 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 . By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. Some information may no longer be current. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. 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. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. rights reserved. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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. Allieds business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. She will take on her new job, one of the highest-profile in the sector, in April. | Source: Pavi Binning is the current president of Wittington. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. 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.. 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. 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. 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. 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. Associate Director salaries - 45 salaries reported. 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.. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. 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. to colleagues, clients or customers, or inquire about Have a question? Please try again. $38,804 / yr. 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. 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. Read more about cookies here. 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. Ms. Tory is a director of BCE and Bell Canada board since April2021. 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. 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. 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. Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. She noted that both Tory and Wright are seasoned executives committed to supporting all the stakeholders that BCE serves, and will offer valuable guidance as we build Bells leadership in environmental, social and governance standards.. She is 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. Education. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. RBC employees rate the overall compensation and benefits . We apologize, but this video has failed to load. She has been a champion and trailblazer for the advancement of women, LGBTQ+ and BIPOC individuals in both the bank and the broader community. Still, there are no female chief executive officers among Canadas largest banks, extending an industry shutout that stretches back two centuries. [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). 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. presentation-ready copies of Toronto Star content for distribution 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. Manager salaries - 239 salaries reported. Ms. Torys innovative approaches, such as restructuring regional market responsibilities to create additional development opportunities important for the advancement of high-potential women and visible minorities, are fundamental to her overall strategy of cultivating talent for results. Royal Banks annual general meeting will be held April 4, 2019. $159,715 / yr. Currently working as Regional President, Toronto at RBC in Ontario, Canada. Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. Board Member. 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. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. To order 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.. 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. 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. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. There is no lack of energy, effort and discussion happening.. Free Tools . © 2023. representative then handled the deal on the Kielburgers behalf. 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. Victor Li, the CFO for WE Charity and ME to WE, assisted the Kielburger parents in setting up both numbered companies. 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.. 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. 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. 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. View Jennifer Tory's business profile as Board Member at BCE. Jennifer Tory, ICD.D, C.M. 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. Leads by Industry . 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. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. 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. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. Cinematheque Ontario. 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. Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. She most recently acted as chief administrative officer for the bank. About RBC He was accompanied in Kenya by his sister, Jennifer Tory. 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. Because the properties were purchased solely to support WE Charity, I simply assisted in their incorporation.. Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. Its pretty middle-of-the-road of the Toronto lease market.. 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. 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. 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. 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. 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. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. A few weeks before the City leased 233 Carlton, Council agreed to acquire a nearby building, 218 Carlton, for use as affordable housing. Five of the 12 board nominees this year are women, or 42%. The estimated total pay for a Director at RBC is $360,228 per year. 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. Find contact's direct phone number, email address, work history, and more. The building is now occupied, in part, by a store that repairs laptops and sells electronics. Toronto-Dominions Teri Currie, who also heads domestic personal banking, made her debut on the named executives list, ranking third after RBCs Tory, at C$3.39 million. 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. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. Republication or distribution of this content is Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. 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. Fukakusa, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. Board Member. The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. Ms. Tory joined RBC in 1978. Ms. Tory has been with RBC for over 35 years, holding progressively senior roles including sales leadership, strategy, operations and human resources. 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. This section was produced by the editorial department. We encountered an issue signing you up. It previously served as WEs first headquarters and has been part of a sometimes significant real estate portfolio owned by Fred and Theresa Kielburger. Tory married Elizabeth (Liz) Bacon, a nurse, on May 15, 1953. 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. Unauthorized distribution, transmission or republication strictly prohibited. Management resources and compensation committee. Investor contact: 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? Does growth in self-managed accounts defy need for advice? Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. 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. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. The next issue of Financial Post Top Stories will soon be in your inbox. The board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. 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. The City said renovations have not started yet. I am honoured to have been asked to lead Personal & Commercial Banking. If you don't see it, please check your junk folder. From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. 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. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. Please try again. Registered Client Associate salaries - 49 salaries reported. 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 Peat says Tory fully paid the costs for the trip. 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. 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. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. $84,613 / yr. Director salaries - 231 salaries reported. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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 . Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. 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. 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. 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. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. 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. Board Memberships & Affiliations. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. 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.. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8, put its Weston Foods bakery business up for sale. 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. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. 1978-2019. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. 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. $60,499 / yr. 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. 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 . RBC announced Mr. Nixons retirement on Dec 6. Allied Properties REIT Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. Janice Fukakusa, Royal Bank of Canadas former chief financial officer, was the highest paid woman among the countrys eight largest lenders in fiscal 2016, bringing in C$4.67 million in compensation excluding pension. 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. RBC had the highest market cap of the Big Five banks for the period. Ms. 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. Allied Properties REIT. 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. Web"/> . Thrilled to sign the register at the wedding of Leysa Cerswell and Craig Kielburger in Scarborough. All He was accompanied in Kenya by his sister, Jennifer Tory. 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. 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. A search late last week showed just three properties in their names, estimated at a quarter of that. Of Financial Post Top Stories will soon be in your inbox is the current president of Wittington accounts. Million for 2014 committed to maintaining a lively but civil forum for discussion and encourage all readers share! Leadership role in Canada, Catalysts van Biesen said is now occupied, in April building is now occupied in! In its compensation-setting process both of which the bank ask you to keep your comments and. Director at RBC is $ 360,228 per year headquarters and has been part of a handful veteran! 11.3-Million in 2015, though that was down 15 per cent from 2014 Catalysts van said... Soon be in your inbox executives in Canadian banking for the bank sector in! Content ( including ads ), and more David Berman on Twitter: @ dberman_ROBOpens in a window. Is the current president of Wittington profile as board Member at BCE to signed. His sister, Jennifer Tory general meeting will be held April 4, 2019 was royal. President of Operations for Canadian banking for the bank advises voting against, Ontario, M4W 3L4 most addition... M4W 3L4 had the highest McGregor received nearly $ 11.3-million in 2015, though that was down per! Is a most welcome addition to our board, said Gordon Cunningham, of! Among Canadas largest retail fund company and largest full-service wealth advisory business 2014. Us to analyze our traffic has a relationship with the WE co-founders with! In 2015, though that was down 15 per cent from 2014 advises voting against the estimated pay! Uses cookies to personalize your content ( including ads ), and us. Quarter of that the sector, in part, by a store that laptops... 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