Registered Client Associate salaries - 49 salaries reported. Awarded the Queens Jubilee Medal in 2012, Jennifer has a long history of supporting numerous community causes. There was an error, please provide a valid email address. 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.. Five of the 12 board nominees this year are women, or 42%. 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. 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. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. 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. Free Tools . 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 RBCs banking businesses in Canada and the Caribbean from April 2014 until May 2017. Manager salaries - 239 salaries reported. He was accompanied in Kenya by his sister, Jennifer Tory. . I am delighted that she will be joining our Group Executive team and I know that we will all benefit from her knowledge, ideas and strong client focus, said Gord Nixon, President and Chief Executive Officer. 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. to colleagues, clients or customers, or inquire about var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. Board Member. RBC employees rate the overall compensation and benefits . Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. 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. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. 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.. 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. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Having started her career with the Royal Bank of Canada in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial Banking responsible for RBC's banking businesses in Canada and the Caribbean from April 2014 until May 2017. The board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. If you don't see it, please check your junk folder. 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. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. 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. The estimated base pay is $177,025 per year. In Canada, there are also no women overseeing investment-banking divisions , whose heads tend to command the highest pay packages after CEOs. 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. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. 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. Read more about cookies here. 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. 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. $72,093 / yr. About Jennifer Tory. 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. Because the properties were purchased solely to support WE Charity, I simply assisted in their incorporation.. 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. Client Associate salaries - 39 salaries reported. 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. pic.twitter.com/l4xHoPe29R. 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.. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. 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. As RBCs Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. 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. "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 . Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. Ms. Tory is a director of BCE and Bell Canada board since April2021. It was transferred to the City for $2 as part of a community-benefits arrangement with the developer of a condo tower more than a kilometre away on Charles Street. 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? Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. The next issue of Financial Post Top Stories will soon be in your inbox. The estimated additional pay is $183,202 per year. RBC announced Mr. Nixons retirement on Dec 6. She has been a champion and trailblazer for the advancement of women, LGBTQ+ and BIPOC individuals in both the bank and the broader community. personal and corporate concierge company, How a scarcity mindset leads to infighting between marginalized groups. 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. $84,613 / yr. Director salaries - 231 salaries reported. A search late last week showed just three properties in their names, estimated at a quarter of that. Karen McCarthy, Director, Investor Relations, 416-955-7809, Media contact: Allied Properties REIT. He was accompanied in Kenya by his sister, Jennifer Tory. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. We encountered an issue signing you up. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. 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. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. The property is currently assessed at just under $2.3 million for tax purposes. Management resources and compensation committee. 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. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. All rights reserved. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. 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. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. 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 . Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. Her responsibilities will include retail banking operations and certain retail . The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. She is an outstanding leader with a track record of strong performance throughout her career. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . Every day, get the financial news that matters in your inbox. 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. 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. 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. Please try again. 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.. 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. This article was published more than 6 years ago. 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. var CurrentYear = new Date().getFullYear() The average RBC salary ranges from approximately $37,000 per year for Client Advisor to $200,000 per year for Business Manager. There are other women executives at Canadian financial firms who dont get named in regulatory filings but hold senior roles and more are increasing in the ranks. About RBC Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. Pavi Binning is the current president of Wittington. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. 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. 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. RBC. Leads by Industry . 365 Bloor Street East, Toronto, Ontario, M4W 3L4. We ask you to keep your comments relevant and respectful. Does growth in self-managed accounts defy need for advice? The most she received in one year was C$4.96 million for 2014. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. Still, Mr. McKay's compensation was again eclipsed by the bank's group head of capital markets. presentation-ready copies of Toronto Star content for distribution We apologize, but this video has failed to load. 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. 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. 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. $138,110 / yr. Analyst salaries - 222 salaries reported. 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. 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. The agreement was completed last summer before neighbourhood residents could be consulted. Investor contact: Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. Find contact's direct phone number, email address, work history, and more. 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 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. 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.". She will join former RBC CEO Gord Nixon on the BCE. 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. A few weeks before the City leased 233 Carlton, Council agreed to acquire a nearby building, 218 Carlton, for use as affordable housing. Jennifer Tory was named 1 of Canada's most powerful women during her long career at @RBC where she retired as Chief Administrative Officer. We encountered an issue signing you up. 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. © 2023. representative then handled the deal on the Kielburgers behalf. 1978-2019. July 29, 2020 17:01 ET 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. 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