November 07, 2024 07:00 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
PM Modi calls Donald Trump to congratulate on his 'spectacular victory' | Meet Usha Vance, the first Indian-origin second lady of America | 'Unprecedented and powerful mandate': Donald Trump storms back to White House winning dramatic US Prez polls | Donald Trump set for a comeback as US President, wins key swing states | S Jaishankar meets Australian PM Anthony Albanese, discusses ways to deepen bilateral comprehensive strategic partnership
Royal Bank of Canada removes chief financial officer Nadine Ahn after investigation into personal relationship with employee
Royal Bank of Canada terminates chief financial officer Nadine Ahn. Photo Courtesy: Nadine Ahn Linkedin page

Royal Bank of Canada removes chief financial officer Nadine Ahn after investigation into personal relationship with employee

| @indiablooms | 09 Apr 2024, 05:08 pm

Royal Bank of Canada has announced the termination of chief financial officer Nadine Ahn after an investigation found she had a personal relationship with another employee.

" RBC was recently made aware of allegations involving Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate," RBC said in a statement.

" The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases," the statement said.

" As a result, the two individuals have had their employment terminated," the bank said.

" The investigation found no evidence of conduct by the former CFO or the other employee with respect to the bank's previously issued financial statements, RBC's strategy or its financial or business performance," the bank said in a statement.

The bank announced it has appointed Katherine Gibson as Interim Chief Financial Officer (CFO).

Speaking on the appointment, the bank said: " She is a respected and experienced leader who has been with the bank for 22 years, most recently as SVP, Finance & Controller, and is widely considered a trusted advisor with a strong analytical and governance mindset."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Xi Jinping, Putin in Russia 22 Mar 2023, 02:56 pm
Related Videos