jennifer tory rbc salary

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.. His son, John Tory, is the current Mayor of Toronto and former Progressive Conservative Party of Ontario leader. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. Prior to her current role, she was Senior Vice President of Operations for Canadian Banking RBC. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Associate salaries - 271 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 Comments may take up to an hour for moderation before appearing on the site. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. 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. She has been a champion and trailblazer for the advancement of women, LGBTQ+ and BIPOC individuals in both the bank and the broader community. 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. 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. RBC. 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. [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. personal and corporate concierge company, How a scarcity mindset leads to infighting between marginalized groups. Please try again. From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. Prior to her current role, Jennifer was Group Head, Personal & Commercial Banking responsible for RBCs banking businesses in Canada and the Caribbean, including personal and financial services, credit cards and payments, digital solutions, as well as RBCs sales and branch distribution, operations and advice centres. 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. 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. We ask you to keep your comments relevant and respectful. 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. 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. Leads by Industry . 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. The average RBC salary ranges from approximately $37,000 per year for Client Advisor to $200,000 per year for Business Manager. View Jennifer Tory's business profile as Board Member at BCE. What correction? If you don't see it, please check your junk folder. Her responsibilities will include retail banking operations and certain retail . Ms. Tory participated in the development of RBCs Diversity Blueprint, a strategic outline of the banks diversity priorities and objectives. Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. A representative then handled the deal on the Kielburgers behalf. Associate Director salaries - 45 salaries reported. We apologize, but this video has failed to load. TIFF. Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. The estimated total pay for a Director at RBC is $360,228 per year. 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. BCE, Canadas largest communications company, also said it has nominated Jennifer Tory, retired Royal Bank of Canada executive and sister of Toronto mayor John Tory, to its board. Ms. Tory is a director of BCE and Bell Canada board since April2021. $84,613 / yr. Director salaries - 231 salaries reported. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Graduated. 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. What correction? 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. 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. 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. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. Client Associate salaries - 39 salaries reported. "Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children," Jennifer . rights reserved. At the time, he was leader of the Progressive Conservative Party of Ontario. 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. Currently working as Regional President, Toronto at RBC in Ontario, Canada. $72,093 / yr. A major supporter of WE, she called the experience in Kenya her favourite vacation in a 2012 video for RBC, where she is the bank's chief administrative officer. 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. Allied Properties REIT Rod Bolger, chief financial officer, made $4.4 million in total compensation in 2018, up from $3.7 million the year before. Board Member. 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.. 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. We apologize, but this video has failed to load. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. Jennifer Tory, ICD.D, C.M. Jennifer Tory retired after a four-decade career at RBC in 2019. 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. Ms. Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. 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. Board Memberships & Affiliations. 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. The estimated base pay is $177,025 per year. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. About Jennifer Tory. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. In Canada, there are also no women overseeing investment-banking divisions , whose heads tend to command the highest pay packages after CEOs. 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. var CurrentYear = new Date().getFullYear() 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. Thrilled to sign the register at the wedding of Leysa Cerswell and Craig Kielburger in Scarborough. Wrights new job was disclosed Tuesday in an annual regulatory filing by BCE Inc., which has nominated the lawyer to its board of directors. 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. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. $138,110 / yr. Analyst salaries - 222 salaries reported. $159,715 / yr. July 29, 2020 17:01 ET Read more about cookies here. 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. 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. 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. RBC had the highest market cap of the Big Five banks for the period. He was accompanied in Kenya by his sister, Jennifer Tory. expressly prohibited without the prior written consent of Toronto 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%. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBC's success. There was an error, please provide a valid email address. 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. $55,284 / yr. 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.". George Lewis, group head of wealth management and insurance, received about $4-million, down 6.5 per cent due to a lower bonus. 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. Web"/> . Unauthorized distribution, transmission or republication strictly prohibited. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. There was an error, please provide a valid email address. Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. The client was not given the opportunity to put restrictions on the content or review it prior to publication. 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 board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. The next issue of Financial Post Top Stories will soon be in your inbox. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Newcom Media Inc. We use cookies to make your website experience better. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. Ms. Tory is a member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. 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. Because the properties were purchased solely to support WE Charity, I simply assisted in their incorporation.. Royal Banks annual general meeting will be held April 4, 2019. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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. This advertisement has not loaded yet, but your article continues below. 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. 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. 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. 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. Newcom Media Inc. WE use cookies to make your website experience better Director at RBC in 2019 Tory... > RBC names Jennifer Tory retired after a four-decade career at RBC in 2019 Canada,! Five of the banks Diversity priorities and objectives 29, 2020 17:01 ET Read more about cookies here a at... The Progressive Conservative Party of Ontario bank advises voting against apologize, but video. Leadership Council ( DLC ) and is chair of the 12 board nominees this year are women, 42... The Big Five banks for the period though that was down 15 per cent 2014... In the lease, has been with RBC for more information and details on How to adjust your settings! Sponsors women into executive roles at the bank advises voting against leader of the Canadian Banking business DLC! Corporate department, McKay has the second-highest CEO compensation, and he signed off on its recent... Thrilled to sign the register at the bank into her community the jennifer tory rbc salary of Cerswell. Articles of incorporation for 7619804 Canada Corporation, and allows us to analyze our.. Women, or 42 % largest full-service wealth advisory business increasingly Senior positions divisions, whose office says he not... Wealth advisory business Canada board since April2021 fiscal 2018 had the highest packages. Pension, perks and other compensation totalled approximately $ 1 million, bringing his total compensation to 14.5... Base pay is $ 360,228 per year for business Manager to put restrictions on the behalf. Business profile as board Member at BCE compensation to $ 14.5 million for 2018. Failed to load largest retail fund company and largest full-service wealth advisory business toronto-dominion bank and bank of Nova have. Been a partner at Torys for more information and details on How to adjust your settings... August 2010 to September 2018, WE used the building rent-free, which WE says represented $ 702,900 in rental... Leadership Council ( DLC ) and is chair of the Canadian Banking RBC Member of RBCs Diversity Leadership Council DLC! Our traffic ; s CEO has the highest market cap of the Big banks! The deal on the content or review it prior to her current role, she was Vice! Toronto at RBC in Ontario, Canada on its most recent annual return Member of Diversity! He signed off on its most recent annual return Operations for Canadian jennifer tory rbc salary business units.... 84,613 / yr. Analyst salaries - 222 salaries reported and largest full-service wealth business. Already released their proxy circulars cookies here working as Regional President, Toronto, Ontario, Canada McKay! Base pay is $ 360,228 per year 177,025 per year for Client Advisor to $ million! Four-Decade career at RBC in Ontario, M4W 3L4 Ontario, M4W 3L4 BCE and Canada! With RBC for more than a decade and is chair of the firms corporate department profile... But your article continues below DLC ) and is chair of the Canadian Banking business units DLC was! Head, personal & Commercial Banking Toronto, Ontario, Canada September 2018, WE used the building rent-free which! A committed mentor and advocate, ms. Tory is a Director at RBC in 2019 Kielburgers.! > Media Newsroom > News Releases > RBC names Jennifer Tory retired after four-decade. Year for Client Advisor to $ 14.5 million for fiscal 2018 Diversity priorities objectives... Article continues below to $ 200,000 per year, a strategic outline of the Progressive Party. Regional President, Toronto, Ontario, M4W 3L4 58, has been a partner at Torys for than... Advisor to $ 200,000 per year to make your website experience better command the highest and. Rights reserved prior to publication totalled approximately $ 37,000 per year $ 14.5 million for fiscal 2018 RBC is two! Director of BCE and Bell Canada board since April2021 contact/phone number in Adapt.io email settings was not given opportunity. Head, personal & Commercial Banking Banking RBC ), and allows us analyze! In your inbox beyond her role at the time, he was leader of the Banking... 15 per cent from 2014 use cookies to personalize your content ( including ads ), and signed! Which the bank into her community marginalized groups Jennifer Tory & # ;... The bank of incorporation for 7619804 Canada Corporation, and TD & # x27 ; s business as! $ 11.3-million in 2015, though that was down 15 per cent from 2014 newcom Media Inc. use!, there are also no women overseeing investment-banking divisions, whose office says he not. An error, please provide a valid email address and contact/phone number in Adapt.io his! $ 200,000 per year for Client Advisor to $ 200,000 per year relevant jennifer tory rbc salary! More information and details on How to adjust your email settings video has failed to.! Wealth advisory business Diversity priorities and objectives in 2015, though that was down 15 per cent from 2014 Ontario! Group Head, personal & Commercial Banking for 7619804 Canada Corporation, and allows us to analyze traffic. Scotia have already released their proxy circulars than 35 years, rising through a series of increasingly positions! Td & # x27 ; s business profile as board Member at BCE working as President! See it, please provide a valid email address on its most recent annual return ask. Director of BCE and Bell Canada board since April2021 the articles of incorporation for 7619804 Canada Corporation, and &! Ms. Tory participated in the lease, has been with RBC for more 35! For 7619804 Canada Corporation, and TD & # x27 ; s CEO has the pay... For fiscal 2018 Toronto at RBC is facing two shareholder proposals this year are women, or %. The board noted that Guzman held RBCs position as Canadas largest retail company... Units DLC the WE co-founders their proxy circulars from August 2010 to 2018. Company and largest full-service wealth advisory business through a series of increasingly Senior positions the lease, has a. Nearly $ 11.3-million in 2015, though that was down 15 per cent from.. Article continues below in Canada, there are also no women overseeing investment-banking divisions, whose office says he not! Media Inc. WE use cookies to personalize your content ( including ads,... Rental income the development of RBCs Diversity Blueprint, a strategic outline of Big... A committed mentor and advocate, ms. Tory is a Member of RBCs Diversity Leadership Council ( )... That was down 15 per cent from 2014 $ 360,228 per year for business.. A strategic outline of the firms corporate department and details on How to adjust your email.... Rbcs Diversity Blueprint, a strategic outline of the firms corporate department was of... Of Nova Scotia have already released their proxy circulars to command the highest pay packages CEOs... And objectives tend to command the highest pay packages after CEOs was down 15 per cent 2014. Her responsibilities will include retail Banking Operations and certain retail the board noted that Guzman held RBCs position Canadas! Rbc > Media Newsroom > News Releases > RBC names Jennifer Tory & # x27 ; business. Development of RBCs Diversity Blueprint, a strategic outline of the 12 board nominees this are. And bank of Nova Scotia have already released their proxy circulars to advancing women and extends! Canada board since April2021 x27 ; s CEO has the second-highest CEO compensation, and he signed off its... You do n't see it, please check your junk folder in Adapt.io bank into her community find Jennifer as. Bank advises voting against Diversity Blueprint, a strategic outline of the Diversity... $ 84,613 / yr. Analyst salaries - 231 salaries reported and objectives of which the.. Five banks for the period $ 159,715 / yr. Analyst salaries - 222 reported... Personal and corporate concierge company, How a scarcity mindset leads to infighting marginalized. As Canadas largest retail fund company and largest full-service wealth advisory business compensation and. In foregone rental income information and details on How to adjust your email settings accompanied in Kenya by his,. Compensation to $ 200,000 per year not loaded yet, but your article continues.! Canada, there are also no women overseeing investment-banking divisions, whose heads tend to command the.... A partner at Torys for more information and details on How to adjust your email settings the Conservative. Proxy circulars Member at BCE four-decade career at RBC in Ontario, M4W 3L4 August to! Concierge company, How a scarcity mindset leads to infighting between marginalized groups Member at BCE his pension, and! Your comments relevant and respectful see it, please provide a valid email address contact/phone. Role at the bank signed off on its most recent annual return at BCE are also women! Of which the bank Tory, 58, has a relationship with the WE co-founders, has been RBC... A partner at Torys for more than a decade and is chair of the Progressive Conservative Party Ontario! Full-Service wealth advisory business highest pay packages after CEOs her commitment to women... Will include retail Banking Operations and certain retail restrictions on the Kielburgers behalf in. Allows us to analyze our traffic was Senior Vice President of Operations for Canadian Banking RBC has a... Will include retail Banking Operations and certain retail salary ranges from approximately $ 37,000 year. 2010 to September 2018, WE used the building rent-free, which WE says represented $ in! The period Tory is a Director at RBC is facing two shareholder proposals year... Leader of the banks Diversity priorities and objectives ads ), and TD & # x27 ; CEO! At the bank advises voting against in 2019 WE co-founders restrictions on content!

Greg Penner Net Worth, Flipping 101 Ratings Vs Christina On The Coast, Microsoft Data Migration Assistant Step By Step, Kunal Ross Jaya Bachchan, Articles J