If you don't see it, please check your junk folder. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. 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. 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. At the time, he was leader of the Progressive Conservative Party of Ontario. $159,715 / yr. 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. Allieds business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity. 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. 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. permissions/licensing, please go to: www.TorontoStarReprints.com. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Read more about cookies here. WE says the brothers and the mayor have a relationship built on their mutual commitment to public service, but there is no social or otherwise personal relationship.. Ms. Tory has been instrumental in the advancement of women and other diverse groups at RBC - where diversity is a long-standing core value. 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. 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. Please try again. The average RBC salary ranges from approximately $37,000 per year for Client Advisor to $200,000 per year for Business Manager. The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Douglas McGregor received nearly $11.3-million in 2015, though that was down 15 per cent from 2014. The next issue of Financial Post Top Stories will soon be in your inbox. If you don't see it, please check your junk folder. 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). Cinematheque Ontario. Manager salaries - 239 salaries reported. Pavi Binning is the current president of Wittington. RBC employees rate the overall compensation and benefits . Because the properties were purchased solely to support WE Charity, I simply assisted in their incorporation.. From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . Janice Fukakusa, RBC's chief financial officer, received total compensation of about $5-million in 2015, up 1 per cent from 2014. Still, Mr. McKay's compensation was again eclipsed by the bank's group head of capital markets. This advertisement has not loaded yet, but your article continues below. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. 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. 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. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. Jennifer Grazel Rubio Chief Marketing Officer, RBC Capital Markets US New York, New York, United States 2K followers 500+ connections Join to connect RBC Capital Markets Brown University. We encountered an issue signing you up. Tory has also appeared at WE Day and on stage when WE opened its Global Learning Centre, a standout building in Torontos Corktown neighbourhood that WE opened in 2017. 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.. The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. 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. 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. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. Client Advisor salaries - 258 salaries reported. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. 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. 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. Five of the 12 board nominees this year are women, or 42%. The estimated additional pay is $183,202 per year. document.write(CurrentYear) Thus far, McKay has the second-highest CEO compensation, and TD's CEO has the highest. 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. Associate Director salaries - 45 salaries reported. RBC. Jennifer Tory, ICD.D, C.M. Top image: a September 2019 Google Street View photo of 233 and 231 Carlton Street. 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.. 2017-2021 . 2011-2021. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. 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. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Additionally, she provides leadership and oversight of transformational initiatives, with a particular focus on how the enterprise works together to further RBC's success. | Source: 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. The property is currently assessed at just under $2.3 million for tax purposes. 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. 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. 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. WE says that Marc Kielburger, representing his parents, also spoke to City staff about the 12,754-square-foot building, seeking greater clarification on the proposed use of the site.. Associate salaries - 271 salaries reported. 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.. David McKay, president and CEO of Royal Bank of Canada, made $14.5 million in total compensation last year, according to the banks proxy circular released Thursday. 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. A search late last week showed just three properties in their names, estimated at a quarter of that. RBC had the highest market cap of the Big Five banks for the period. 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. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. She will take on her new job, one of the highest-profile in the sector, in April. About RBC Comments may take up to an hour for moderation before appearing on the site. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. Douglas Guzman, group head of RBC Wealth Management and RBC Insurance, made $7.5 million in total compensation for fiscal 2018, up slightly from $7.4 million in 2017. Registered Client Associate salaries - 49 salaries reported. There was an error, please provide a valid email address. $38,804 / yr. 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 . $138,110 / yr. Analyst salaries - 222 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. 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. 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. Since joining RBC in 1978, she has held a variety of senior leadership and executive sales management roles in personal, business and commercial banking, and operations. McKays 2018 total direct compensation was $13.5 million, which was 13% above his targeted compensation and a 9% increase from 2017. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. $60,499 / yr. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. This section was produced by the editorial department. But we have seen that the banks really are working very hard to get their numbers up as far as female representation at the executive suite.. Prior to her current role, Jennifer was Group Head, Personal & Commercial Banking responsible for RBCs banking businesses in Canada and the Caribbean, including personal and financial services, credit cards and payments, digital solutions, as well as RBCs sales and branch distribution, operations and advice centres. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. Does growth in self-managed accounts defy need for advice? 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. 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