jennifer tory rbc salary

Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. 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. 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. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. He was accompanied in Kenya by his sister, Jennifer Tory. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBC's success. Client Advisor salaries - 258 salaries reported. About Jennifer Tory. The property is currently assessed at just under $2.3 million for tax purposes. David MacKay got a 9% raise over 2017, thanks in part to banks top position in mutual fund assets. Wittington also controls Selfridges Group Ltd., which owns the upscale department store Holt Renfrew (Canada). George Lewis, group head of wealth management and insurance, received about $4-million, down 6.5 per cent due to a lower bonus. 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, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. 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.. 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. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. 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. $60,499 / yr. Jennifer Tory is a corporate director who was, until her retirement in December2019, the Chief Administrative Officer of RBC (a chartered bank), where she held responsibility for Brand, Marketing, Citizenship & Communications, Procurement and Real Estate functions globally. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. 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. 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. Registered Client Associate salaries - 49 salaries reported. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. Neil McLaughlin, group head, Personal & Commercial Banking, made $4.5 million in total compensation, up from $2.9 million the year before. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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. 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 next issue of Financial Post Top Stories will soon be in your inbox. This copy is for your personal non-commercial use only. 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. 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. 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. Comments may take up to an hour for moderation before appearing on the site. To order Tory married Elizabeth (Liz) Bacon, a nurse, on May 15, 1953. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. $139,667 / yr. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. She will take on her new job, one of the highest-profile in the sector, in April. We ask you to keep your comments relevant and respectful. A search late last week showed just three properties in their names, estimated at a quarter of that. 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. 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.. We ask you to keep your comments relevant and respectful. Does growth in self-managed accounts defy need for advice? Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Ms. Tory has been with RBC for over 35 years, holding progressively senior roles including sales leadership, strategy, operations and human resources. 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.. Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. var CurrentYear = new Date().getFullYear() What correction? 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. 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. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . 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. Read more about cookies here. 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. 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. Royal Banks annual general meeting will be held April 4, 2019. For more information, please visit rbc.com. 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. permissions/licensing, please go to: www.TorontoStarReprints.com. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. I am honoured to have been asked to lead Personal & Commercial Banking. Allied Properties REIT As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. 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. View Jennifer Tory's business profile as Board Member at BCE. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. 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. There is no lack of energy, effort and discussion happening.. McKays 2018 total direct compensation was $13.5 million, which was 13% above his targeted compensation and a 9% increase from 2017. 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. She is an outstanding leader with a track record of strong performance throughout her career. Associate Director salaries - 45 salaries reported. 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. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. 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. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Please try again. 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.". Shareholders also withdrew four shareholder proposals: three related to environmental issues and one related to workforce metrics. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8, put its Weston Foods bakery business up for sale. 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]. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. 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. Republication or distribution of this content is | Source: Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. 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. 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. 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. 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. Awarded the Queens Jubilee Medal in 2012, Jennifer has a long history of supporting numerous community causes. The client was not given the opportunity to put restrictions on the content or review it prior to publication. Jennifer Tory was named 1 of Canada's most powerful women during her long career at @RBC where she retired as Chief Administrative Officer. 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. She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. WE says Fred and Theresa did not receive a tax receipt for either agreement. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. The estimated base pay is $177,025 per year. Find contact's direct phone number, email address, work history, and more. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. Vice President salaries - 53 salaries reported. Board Member. 1978-2019. As RBCs Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Jennifer Tory retired after a four-decade career at RBC in 2019. Graduated. A request that the bank create a new technologies committee. 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. Ms. Tory participated in the development of RBCs Diversity Blueprint, a strategic outline of the banks diversity priorities and objectives. At the time, he was leader of the Progressive Conservative Party of Ontario. Unauthorized distribution, transmission or republication strictly prohibited. We encountered an issue signing you up. 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. $55,284 / yr. 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. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBCs success. 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. 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. 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. This article was published more than 6 years ago. 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. 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. [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). We encountered an issue signing you up. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. Have a question? Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. 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. Her responsibilities will include retail banking operations and certain retail . 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. Allieds business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. 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 . In Canada, there are also no women overseeing investment-banking divisions , whose heads tend to command the highest pay packages after CEOs. Woodbridge is the holding company for Canadas wealthiest family, the Thomsons. 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. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. Unauthorized distribution, transmission or republication strictly prohibited. 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. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. A few weeks before the City leased 233 Carlton, Council agreed to acquire a nearby building, 218 Carlton, for use as affordable housing. The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Her passion for employees, clients, and community set her apart, noted Mr. McKay. 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. RBC had the highest market cap of the Big Five banks for the period. 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. Five of the 12 board nominees this year are women, or 42%. Board Member. If you don't see it, please check your junk folder. Associate salaries - 271 salaries reported. Queen's University. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. Client Associate salaries - 39 salaries reported. Ms. Tory joined RBC in 1978. Visit our Community Guidelines for more information and details on how to adjust your email settings. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. Some information may no longer be current. 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. 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. 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. Elizabeth's mother, Helen Yvonne Solomon, was born . 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. 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. 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.. Free Tools . I am very excited about this opportunity and look forward to leading an exceptional management team and employees dedicated to bringing the best of RBC to our clients, said Ms. Tory, currently Regional President, Canadian Banking, Greater Toronto Region. presentation-ready copies of Toronto Star content for distribution 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.. 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. document.write(CurrentYear) She most recently acted as chief administrative officer for the bank. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. If you don't see it, please check your junk folder. $72,093 / yr. 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. Management resources and compensation committee. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. 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.. 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 . "Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children," Jennifer . A representative then handled the deal on the Kielburgers behalf.
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