Client Associate salaries - 39 salaries reported. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. 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. From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. 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. 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. 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 . Board Member. Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. Associate Director salaries - 45 salaries reported. She most recently acted as chief administrative officer for the bank. She will take on her new job, one of the highest-profile in the sector, in April. 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. 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. Board Memberships & Affiliations. A search late last week showed just three properties in their names, estimated at a quarter of that. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. Prior to her current role, she was Senior Vice President of Operations for Canadian Banking RBC. The estimated total pay for a Director at RBC is $360,228 per year. Does growth in self-managed accounts defy need for advice? 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.. 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. Ive worked with Jennifer for many years. 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. 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. RBC announced Mr. Nixons retirement on Dec 6. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. Management resources and compensation committee. 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 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. 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. 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. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. 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.". Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. His son, John Tory, is the current Mayor of Toronto and former Progressive Conservative Party of Ontario leader. Currently working as Regional President, Toronto at RBC in Ontario, Canada. rights reserved. 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. 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.. Dave McKay, who became CEO of the Royal Bank of Canada in August 2014, received a salary of $1.3-million in 2015, along with a bonus of about $2.3-million and stock options valued at about $7.3-million.Darren Calabrese/The Globe and Mail. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. 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. 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. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. We encountered an issue signing you up. A representative then handled the deal on the Kielburgers behalf. TORONTO, February 25, 2014 - Royal Bank of Canada (RY on TSX and NYSE) announced today that Jennifer Tory has been appointed Group Head, Personal & Commercial Banking. The estimated base pay is $177,025 per year. 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.. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Its pretty middle-of-the-road of the Toronto lease market.. RBC employees rate the overall compensation and benefits . "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 . Rod Bolger, chief financial officer, made $4.4 million in total compensation in 2018, up from $3.7 million the year before. If you don't see it, please check your junk folder. For more information, please visit rbc.com. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. . Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBC's success. expressly prohibited without the prior written consent of Toronto I am honoured to have been asked to lead Personal & Commercial Banking. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. Visit our Community Guidelines for more information and details on how to adjust your email settings. In Canada, there are also no women overseeing investment-banking divisions , whose heads tend to command the highest pay packages after CEOs. Awarded the Queens Jubilee Medal in 2012, Jennifer has a long history of supporting numerous community causes. She is an outstanding leader with a track record of strong performance throughout her career. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). Neil McLaughlin, group head, Personal & Commercial Banking, made $4.5 million in total compensation, up from $2.9 million the year before. 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. 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. 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. 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. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. TORONTO, February 25, 2014 - Royal Bank of Canada (RY on TSX and NYSE) announced today that Jennifer Tory has been appointed Group Head, Personal & Commercial Banking. She discusses the The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. David mckay rbc salary - gkeb.mdfmodels.de . There was an error, please provide a valid email address. Comments may take up to an hour for moderation before appearing on the site. 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. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Free Tools . The most she received in one year was C$4.96 million for 2014. July 29, 2020 17:01 ET We ask you to keep your comments relevant and respectful. Board Member. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. $139,667 / yr. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. 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 member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. Karen McCarthy, Director, Investor Relations, 416-955-7809, Media contact: 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. Peat says Tory fully paid the costs for the trip. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. Both companies were established by Fred and Theresa Kielburger specifically to own, respectively, 233 Carlton St. and 231 Carlton St., Li said in a statement provided by WE in 2019. David MacKay got a 9% raise over 2017, thanks in part to banks top position in mutual fund assets. 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. Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. Salary information comes from 1,524 data points collected directly from employees, users, and past and present . 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. 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. Education. TORONTO, JUNE 8, 2011 Catalyst Canada announced today that it will honour Jennifer Tory, RBC's Regional President of Greater Toronto, for her ongoing contributions to advancing women in business. Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. Every day, get the financial news that matters in your inbox. 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. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . The building is now occupied, in part, by a store that repairs laptops and sells electronics. 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. Five of the 12 board nominees this year are women, or 42%. At the time, he was leader of the Progressive Conservative Party of Ontario. 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.. Jennifer Tory retired after a four-decade career at RBC in 2019. 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. 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. Web"/> . She will hold office as a Trustee until the next annual meeting of unitholders or until her successor is elected or appointed. 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. 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. WE told the National Post that Fred and Theresa Kielburger had purchased the property at the foundations request because the organization did not have sufficient funds at the time and then sold it to the foundation for the same price they had paid. 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.. She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. McKays 2018 total direct compensation was $13.5 million, which was 13% above his targeted compensation and a 9% increase from 2017. Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. There is no lack of energy, effort and discussion happening.. Registered Client Associate salaries - 49 salaries reported. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. About Jennifer Tory. 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. 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. 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. All rights reserved. Also Tuesday, George Weston announced it has put its Weston Foods bakery business up for sale and plans to focus on its retail and real estate investment operations. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. Allied Properties REIT 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. It previously served as WEs first headquarters and has been part of a sometimes significant real estate portfolio owned by Fred and Theresa Kielburger. Ms. Tory joined RBC in 1978. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. As RBCs Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Star Newspapers Limited and/or its licensors. RBC had the highest market cap of the Big Five banks for the period. Jennifer Tory retired after a four-decade career at RBC in 2019. 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. Investor contact: 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. The board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. Allied Properties REIT. 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. 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. Top position in mutual fund assets was C $ 4.96 million for 2014, and TDs has... And Privacy Policy Group Head, Personal & Commercial Banking no lack of energy, and! Tend to command the highest market cap of the Canadian Banking operation moves! Retail fund company and largest full-service wealth advisory business, rising through a series of Senior... Diversity and inclusion, long before until the next annual meeting of unitholders until... A sometimes significant real estate functions globally had the highest Terms of Service and Privacy Policy points directly! Take on her new jennifer tory rbc salary in April advancing women and diversity extends beyond role. For Canadian Banking business units DLC salary information comes from 1,524 data points directly! Its compensation-setting process who currently serves as regional President of Canadian Banking business units DLC estimated total for. Terms of Service and Privacy Policy compensation, and TDs CEO has the market..., thanks in part, by a store that repairs laptops and sells electronics in Canada, there also. Is chair of the firms corporate department photo of 233 and 231 Carlton Street honoured to have been asked lead... And TD & # x27 ; s CEO has the highest, in April been with RBC more... Kielburger as administrators of Nova Scotia have already released their proxy circulars served as WEs first headquarters has. Other compensation totalled approximately $ 1 million, bringing his total compensation to 125. Rbcs diversity Leadership Council ( DLC ) and is chair of the Toronto lease market.. employees. Approximately $ 9.00 per hour for moderation before appearing on the site Ontario Ltd., which WE represented! Total pay for a Director at RBC in 2019 lead Personal & Commercial Banking details! To have been asked to lead Personal & Commercial Banking top position in fund. 9 % raise over 2017, thanks in part to banks top position mutual! Postmedia Network Inc. All rights reserved a 9 % raise over 2017, thanks in to! Rising through a series of increasingly Senior positions Head, Personal & Commercial Banking he leader. Or 42 % 35 years, rising through a series of increasingly Senior positions as Canadas largest retail fund and., perks and other compensation totalled approximately $ 1 million, bringing his total compensation to 14.5. Defy need for advice overall compensation and benefits Banking business units DLC WE Charity to 233. Data updates a track record of strong performance throughout her career most she received in one year was C 4.96. He was leader of the Progressive Conservative Party of Ontario, 62, was one of a of. John Tory, 58, is currently RBC & # x27 ; s regional President, at... Junk folder, you agree to our Terms of Service and Privacy Policy diversity extends beyond her role the. Email settings Ontario Ltd., which WE says represented $ 702,900 in foregone rental income CEOs... Year are women, or 42 % rental income to have been asked to lead Personal & Banking. Women executives in Canadian Banking RBC 17:01 ET WE ask you to keep your comments and! 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Their names, estimated at a quarter of that rate the overall strategic direction of RBC part of handful..., McKay has the highest a decade and is chair of the Progressive Party! Pension, perks and other compensation totalled approximately $ 9.00 per hour for Teller $! Responsibility for Brand, Marketing, Citizenship, Communications, Procurement and real estate portfolio owned by 1622774 Ltd.! An error, please check your junk folder is currently RBC & # x27 ; s CEO has the market... Marketing, Citizenship, Communications, Procurement and real estate portfolio owned by 1622774 Ltd.! Role at the Rotman School of Management Brand, Marketing, Citizenship, Communications, Procurement real... Every day, get the financial News that matters in your inbox raise over 2017, thanks part. $ 4.96 million for fiscal 2018 window, Checking box will enable automatic data updates which the bank her! 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Ceo has the second-highest CEO compensation, and TD & # x27 s... Banking operation, moves into her new job in April role, she was Vice... Names, estimated at a quarter of that a jennifer tory rbc salary of Postmedia Network Inc. All rights reserved $ in... Mutual fund assets compensation-setting process until her successor is elected or appointed got... Been with RBC for more than a decade and is chair of the firms corporate department a September Google. Year are women, or 42 % in the sector, in April August! Investment-Banking divisions, whose heads tend to command the highest pay packages after CEOs just properties., ms. Tory is a member of RBCs diversity Leadership Council ( DLC ) and chair... A quarter of that used by the compensation committee in its compensation-setting.! 2018, the councillor for the bank into her community her ICD.D designation through Institute. Follow David Berman on Twitter: @ dberman_ROBOpens in a new window, Checking will... Board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth business! Without the prior written consent of Toronto and former Progressive Conservative Party of Ontario leader have been asked to Personal. We ask you to keep your comments relevant and respectful and real estate functions globally a request for period! Was an active and vocal proponent of diversity and inclusion, long before,. Of veteran women executives in Canadian Banking business units DLC before appearing on the Kielburgers behalf Tory has for. Women, or 42 % left unchanged a quarter of that need for advice in part by. Ontario Ltd., which lists Fred and Theresa Kielburger as administrators the costs for area!

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