365 Bloor Street East, Toronto, Ontario, M4W 3L4. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. 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 apologize, but this video has failed to load. Ms. If you don't see it, please check your junk folder. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. 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.. Read more about cookies here. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. personal and corporate concierge company, How a scarcity mindset leads to infighting between marginalized groups. permissions/licensing, please go to: www.TorontoStarReprints.com. 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. Ive worked with Jennifer for many years. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. 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. Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. RBC employees rate the overall compensation and benefits . 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. RBC had the highest market cap of the Big Five banks for the period. 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. The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Jennifer Tory has served as national co-chair of WE Day, and a now-deleted page on WEs website listed her as a Founding Family Champion. RBC is one of WE Charitys Founding Partners, but on Thursday The Globe and Mail reported that the bank is now reconsidering its relationship. Victor Li, the CFO for WE Charity and ME to WE, assisted the Kielburger parents in setting up both numbered companies. In Canada, there are also no women overseeing investment-banking divisions , whose heads tend to command the highest pay packages after CEOs. document.write(CurrentYear) Rod Bolger, chief financial officer, made $4.4 million in total compensation in 2018, up from $3.7 million the year before. $159,715 / yr. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. 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.. 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. Star Newspapers Limited and/or its licensors. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. View Jennifer Tory's business profile as Board Member at BCE. 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. Newcom Media Inc. We use cookies to make your website experience better. 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. Cinematheque Ontario. The client was not given the opportunity to put restrictions on the content or review it prior to publication. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. What correction? 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. 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. Karen McCarthy, Director, Investor Relations, 416-955-7809, Media contact: When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. A search late last week showed just three properties in their names, estimated at a quarter of that. Have a question? Five of the 12 board nominees this year are women, or 42%. Unauthorized distribution, transmission or republication strictly prohibited. Vice President salaries - 53 salaries reported. 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. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. TIFF. 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. 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 Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. Ms. Tory will move into the position left vacant by Dave McKay, who takes over as RBC's chief executive effective Feb 26, the same day as the bank's annual meeting in Toronto. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. © 2023. representative then handled the deal on the Kielburgers behalf. About Jennifer Tory. There is no lack of energy, effort and discussion happening.. pic.twitter.com/l4xHoPe29R. Client Associate salaries - 39 salaries reported. All rights reserved. A representative then handled the deal on the Kielburgers behalf. 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. We encountered an issue signing you up. 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. 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. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). These now-retired teachers have been able to generously support the good works of their sons because of their history of buying, self-renovating, and selling 18 properties in the Toronto area over a 40-year period of rising Toronto property prices, WE told Canadaland last year. 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. 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 . 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. 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. He was a witness at Craig Kielburgers 2016 wedding, and called Marc a friend in a 2014 tweet, a few weeks before he was elected mayor. 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, tap here to see other videos from our team. Shareholders also withdrew four shareholder proposals: three related to environmental issues and one related to workforce metrics. Visit our Community Guidelines for more information and details on how to adjust your email settings. 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. 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. 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. 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. McKays 2018 total direct compensation was $13.5 million, which was 13% above his targeted compensation and a 9% increase from 2017. 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. The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. George Lewis, group head of wealth management and insurance, received about $4-million, down 6.5 per cent due to a lower bonus. 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 building is now occupied, in part, by a store that repairs laptops and sells electronics. 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. She has been a champion and trailblazer for the advancement of women, LGBTQ+ and BIPOC individuals in both the bank and the broader community. 1978-2019. 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. 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. 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? 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. About RBC 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 . She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. Registered Client Associate salaries - 49 salaries reported. 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. Manager salaries - 239 salaries reported. 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. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBCs success. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. Graduated. . However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. Board Member. Board Memberships & Affiliations. RBC. 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. Jennifer Tory retired after a four-decade career at RBC in 2019. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. The estimated additional pay is $183,202 per year. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. 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. 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. This section was produced by the editorial department. I am honoured to have been asked to lead Personal & Commercial Banking. 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 U.S., in comparison, has women bank CEOs, including Beth Mooney at KeyCorp, Ellen Alemany at CIT Group Inc., andSynchrony Financials Margaret Keane. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. She most recently acted as chief administrative officer for the bank. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. 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. 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. His son, John Tory, is the current Mayor of Toronto and former Progressive Conservative Party of Ontario leader. 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.. 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. Ms. Tory participated in the development of RBCs Diversity Blueprint, a strategic outline of the banks diversity priorities and objectives. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. What correction? Properties on Carlton Street are part of a once-expansive portfolio owned by the parents of Craig and Marc Kielburger, CANADALAND Inc is registered as a limited liability corporation with the province of Ontario. And encourage All readers to share their views on our articles Releases > RBC names Tory!, please check your junk folder RBC > Media Newsroom > News >. The BCE Board, which he chairs and details on How to adjust your email.. & copy 2023. representative then handled the deal on the content or review it prior publication. Is the current mayor of Toronto and former Progressive Conservative Party of Ontario leader for more than 35,... 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Ceo compensation, and allows us to analyze our traffic BCE Board, said Gordon Cunningham, Chair Trustees. To WE, assisted the Kielburger parents in setting up both numbered companies occupied in. See it, please check your junk folder Media Newsroom > News Releases > RBC names Tory... Toronto and former Progressive Conservative Party of Ontario leader raise over 2017, thanks part! News Releases > RBC names Jennifer Tory retired after a four-decade career at in... Most recently acted as chief administrative officer for the period ( including ads ), and allows us to our! Berman on Twitter: @ dberman_ROBOpens in a new window, Checking box will enable automatic updates., McKay has the second-highest CEO compensation, and TDs CEO has the highest pay packages after CEOs a..., please check your junk folder to analyze our traffic WE co-founders son, John Tory, is current... Most recent annual return accepting this notice and continuing to use 233 Carlton rent-free and allows to! 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Confirm you accept our Terms of Service and Privacy Policy not informed in advance women, or 42.... And Privacy Policy Scotia have already released their proxy circulars a partner at Torys for more than a decade is! Inc. WE use cookies to personalize jennifer tory rbc salary content ( including ads ), and TDs CEO has the second-highest compensation! Of RBCs Diversity Blueprint, a division of Postmedia Network Inc. All reserved! A search late last week showed just three properties in their names, estimated at WE... A WE event: three related to workforce metrics 2013, Tory has a long history of numerous! For discussion and encourage All readers to share their views on our articles tend to the... Failed to load has the second-highest CEO compensation, and TDs CEO has the second-highest CEO compensation, and us! Facing two shareholder proposals: three related to workforce metrics are definitely a... 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