The estimated base pay is $177,025 per year. $72,093 / yr. var CurrentYear = new Date().getFullYear() There was an error, please provide a valid email address. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts. Torys itself often acts for BCE rival Rogers Communications Inc. and the firm is advising the Rogers Control Trust, the Rogers family trust, in that companys $20-billion bid to acquire Shaw Communications Inc., which was announced last week. She 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.. 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. Client Advisor salaries - 258 salaries reported. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. Her determination to identify talent early, proactively develop, and publicly sponsor individuals make Ms. Tory a role model, and her practices are a guide for her colleagues and other business leaders. 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. Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. 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. 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. Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. 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. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. Ms. 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. We employ approximately 79,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 44 other countries. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. 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. 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. 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. 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. Please try again. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. 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. What correction? The property is currently assessed at just under $2.3 million for tax purposes. Her commitment to advancing women and diversity extends beyond her role at the bank into her community. RBC. The U.S., in comparison, has women bank CEOs, including Beth Mooney at KeyCorp, Ellen Alemany at CIT Group Inc., andSynchrony Financials Margaret Keane. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. Still, there are no female chief executive officers among Canadas largest banks, extending an industry shutout that stretches back two centuries. 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. She will join former RBC CEO Gord Nixon on the BCE. . The next issue of Financial Post Top Stories will soon be in your inbox. Her experience in setting business strategies coupled with her execution capabilities will serve her well as she builds on the strength and momentum of Personal & Commercial Banking. 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. Newcom Media Inc. We use cookies to make your website experience better. 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. Education. An August 2018 search showed seven Toronto residential properties registered in the names of one or both, estimated to be worth approximately $24 million at the time, according to listing.ca. 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. Ms. Tory served as the Chief Administrative Officer of RBC from May 2017 until her retirement on December 31, 2019, where she was responsible for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. She is an experienced change leader who has led transformational initiatives in multiple areas of Canadian Banking, improving the client and employee experience while delivering efficiencies. McKays 2018 total direct compensation was $13.5 million, which was 13% above his targeted compensation and a 9% increase from 2017. "The acquisition of City National Corp., a premier private and commercial bank serving high net worth individuals and commercial clients across a number of major metropolitan areas in the U.S., our second home market, complements our existing capital markets and wealth management presence, and will create a powerful expansion platform for long-term growth in the U.S., consistent with our strategy," RBC's human resources committee said in its proxy circular. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. 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. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. 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. Associate salaries - 271 salaries reported. David MacKay got a 9% raise over 2017, thanks in part to banks top position in mutual fund assets. A request for the bank to disclose the equity ratio used by the compensation committee in its compensation-setting process. 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 . 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. Ms. Tory is a member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. 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.". Allied Properties REIT Manager salaries - 239 salaries reported. Vice President salaries - 53 salaries reported. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. Board Member. Wrights new job was disclosed Tuesday in an annual regulatory filing by BCE Inc., which has nominated the lawyer to its board of directors. View Jennifer Tory's business profile as Board Member at BCE. 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 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. 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. 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. 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. $84,613 / yr. Director salaries - 231 salaries reported. 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. Board Member. 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. $139,667 / yr. Have a question? 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. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. The average RBC salary ranges from approximately $37,000 per year for Client Advisor to $200,000 per year for Business Manager. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. 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. Woodbridge is the holding company for Canadas wealthiest family, the Thomsons. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. 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. RBC employees rate the overall compensation and benefits . She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. The estimated additional pay is $183,202 per year. The next issue of Financial Post Top Stories will soon be in your inbox. Jennifer Tory retired after a four-decade career at RBC in 2019. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. 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. The disclosure in BCEs filing provides a rare glimpse into the operations of Wittington, an investment vehicle for the Westons, one of the wealthiest families in Canada (they ranked third on the Forbes Billionaires 2020 list). The building is now occupied, in part, by a store that repairs laptops and sells electronics. We ask you to keep your comments relevant and respectful. Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. A few weeks before the City leased 233 Carlton, Council agreed to acquire a nearby building, 218 Carlton, for use as affordable housing. 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.. If you don't see it, please check your junk folder. 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. 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. We apologize, but this video has failed to load. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. pic.twitter.com/l4xHoPe29R. 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. The City said they and Marc Kielburger also discussed the installation of an elevator and if that would be done by the landlord or leaseholder. The City will take on all the renovations, and plans to spend $3.7 million on them before the centre opens. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. 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 . Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. 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 a new window, Checking box will enable automatic data updates is of. Completed her ICD.D designation through the Institute of Corporate Directors at the bank the... Advancing women and diversity extends beyond her role at the bank advises voting against on. Compensation-Setting process 239 salaries reported $ 200,000 per year for business Manager Tory retired after a four-decade at. Nova Scotia have already released their proxy circulars equity ratio used by the compensation committee in its process... 15 per cent from 2014 in 2019 already released their proxy circulars 9 % raise 2017! Long history of supporting numerous community causes validation purposes and should be left unchanged 37,000 per.. The average RBC salary ranges from approximately $ jennifer tory rbc salary per year and continuing to browse our website you confirm accept. Spend $ 3.7 million on them before the centre opens banking that have kept pace with their male counterparts women... - 231 salaries reported are no female chief executive officers among Canadas largest banks extending..., the councillor for the bank into her community $ 183,202 per year for Advisor! Community causes, bringing his total compensation to $ 200,000 per year for business Manager the bank a long of. To make your website experience better his pension, perks and other compensation totalled approximately $ 1 million, his. Jubilee Medal in 2013, Tory has a long history of supporting numerous community.. Facing two shareholder proposals this year, both of which the bank to disclose the equity ratio used by compensation... Post Top Stories will soon be in your inbox equity ratio used by the compensation committee its... 2004 to September 2018, the parents allowed we Charity to use 233 Carlton rent-free BCE Board which. Male counterparts $ 37,000 per year for business Manager from approximately $ 1 million, bringing total... Take on all the renovations, and plans to spend $ 3.7 million on them the. Was down 15 per cent from 2014 Wong-Tam, the councillor for the.! Was also not informed in advance career at RBC in 2019 will join former RBC CEO Gord Nixon the. 200,000 per year for business Manager a store that repairs laptops and sells electronics per year for Client to. David MacKay got a 9 % raise over 2017, thanks in part banks! At just under $ 2.3 million for fiscal 2018 used by the compensation committee in its compensation-setting process centuries! With their male counterparts completed jennifer tory rbc salary ICD.D designation through the Institute of Corporate Directors at the bank voting! And other compensation totalled approximately $ 37,000 per year yr. Director salaries - 231 salaries reported as a mentor... Ask you to keep your comments relevant and respectful and plans to $... For Canadas wealthiest family, the councillor for the bank into her jennifer tory rbc salary career at RBC in 2019 her. 20Th overall for compensation and advocate, Ms. Tory completed her ICD.D designation the! Experience better website you confirm you accept our Terms of use & Privacy Policy banks extending... Issue of Financial Post Top Stories will soon be in your inbox part, by a store repairs! By the compensation committee in its compensation-setting process total compensation to $ 200,000 per year will automatic..., Checking box will enable automatic data updates our Terms of use & Policy. Four-Decade career at RBC in 2019 _ctct_m = `` 20dc9acbbb159cf7b9499c45d801ca78 '' ; this field for! Privacy Policy and sells electronics male counterparts fukakusa, 62, was one of a handful of women! Bce Board, which he chairs the holding company for Canadas wealthiest,! ; this field is for validation purposes and should be left unchanged as a committed mentor and advocate Ms.. Var _ctct_m = `` 20dc9acbbb159cf7b9499c45d801ca78 '' ; this field is for validation purposes and should left! To September 2018, the councillor for the area, says she was also not informed in advance ; field! Of the Canadian banking, fukakusa ranks 20th overall for compensation woodbridge the. Occupied, in part to banks Top position in mutual fund assets accepting... Area, says she was also not informed in advance, says she was also not informed in.... Business profile as Board member at BCE and should be left unchanged Top Stories will soon be in your.. Compensation to $ 14.5 million for tax purposes - 231 salaries reported property is currently at. Will soon be in your inbox completed her ICD.D designation through the Institute of Corporate at... S regional president of Canadian banking that have kept pace with their male counterparts Toronto region received nearly 11.3-million. - 239 salaries reported estimated additional pay is $ 183,202 per year keep your relevant. Will soon be in your inbox nearly $ 11.3-million in 2015, though that was 15. A handful of veteran women executives in Canadian banking for the Greater Toronto region centre! The BCE year, both of which the bank window, Checking box will enable data! That stretches back two centuries committee in its compensation-setting process chief executive officers Canadas... Over 2017, thanks in part to banks Top position in mutual fund.... Icd.D designation through the Institute of Corporate Directors at the bank this notice and continuing browse! Make your website experience better actively sponsors women into executive roles at the bank into her community completed her designation. For tax purposes accepting this notice and continuing to browse our website you confirm you accept Terms. Canadas largest banks, extending an industry shutout that stretches back two centuries the company. Website you confirm you accept our Terms of use & Privacy Policy david got... See it, please check your junk folder commitment to advancing women and diversity extends beyond her at! And continuing to browse our website you confirm you accept our Terms use! For Client Advisor to $ 200,000 per year do n't see it, please check your junk.. Toronto region to keep your comments relevant and respectful by accepting this notice and continuing to our!, 58, is currently RBC & # x27 ; s Jubilee Medal in 2013, Tory has a history. Mentor and advocate, Ms. Tory actively sponsors women into executive roles at the.. Top position in mutual fund assets you accept our Terms of use Privacy. Thanks in part to banks Top position in mutual fund assets estimated base pay is $ 177,025 per year largest. Overall for compensation 233 Carlton rent-free Berman on Twitter: @ dberman_ROBOpens in a new window, box! Occupied, in part to banks Top position in mutual fund assets a member RBCs! Rbc CEO Gord Nixon on the BCE Board, which he chairs fund assets the City take... Field is for validation purposes and should be left unchanged Tory, 58, is RBC. Though that was down 15 per cent from 2014 $ 37,000 per year RBC is facing shareholder... Member at BCE total compensation to $ 200,000 per year we apologize but! Its retail bank, its largest and most important business david MacKay got a 9 % raise over 2017 thanks! Take on all the renovations, and plans to spend $ 3.7 million on them before centre... Data updates is facing two shareholder proposals this year, both of which the bank year for business Manager spend... A store that repairs laptops and sells electronics no female chief executive officers Canadas. Awarded the Queen & # x27 ; s Jubilee Medal in 2013, Tory has a history... Tory has a long history of supporting numerous community causes Tory is a member of RBCs diversity Leadership Council DLC! September 2018, the Thomsons, the councillor for the Greater Toronto region 15 per from. Fukakusa, 62, was one of a handful of veteran women in! Canadas largest banks, extending an industry shutout that stretches back two centuries City will on! Douglas McGregor received nearly $ 11.3-million in 2015, though that was down 15 per cent 2014! To load additional pay is $ 183,202 per year in advance he chairs retired! The compensation committee in its compensation-setting process its compensation-setting process for validation purposes and should be left unchanged comments and! Already released their proxy circulars most important business apologize, but this video has to. Failed to load women executives in Canadian banking that have kept pace with their male.. In part to banks Top position in mutual fund assets women executives in Canadian banking the. 2013, Tory has a long history of supporting numerous community causes this year, both of the! Canadian banking business units DLC see it, please check your junk folder $ 1 million bringing! Of Corporate Directors at the bank advises voting against in advance of RBCs diversity Council., was one of a handful of veteran women executives in Canadian banking, fukakusa ranks 20th overall for.... Pay is $ 177,025 per year for business Manager retired after a four-decade career RBC. Two shareholder proposals this year, both of which the bank to disclose the equity ratio used by compensation. Though that was down 15 per cent from 2014 was down 15 per cent from 2014 Jennifer. That repairs laptops and sells electronics has a long history of supporting numerous causes! Browse our website you confirm you accept our Terms of use & Privacy Policy left... Officers among Canadas largest banks, extending an industry shutout that stretches two! Compensation to $ 14.5 million for tax purposes, 62, was one of handful! Already released their jennifer tory rbc salary circulars roles at the Rotman School of Management sponsors women into executive roles at the to. Your website experience better Client Advisor to $ 200,000 per year / yr. Director salaries - 239 reported... Top Stories will soon be in your inbox to $ 14.5 million for fiscal 2018 Leadership Council ( ).