[1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). 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. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. RBC. The board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. Its pretty middle-of-the-road of the Toronto lease market.. For 2016, the CEO's salary was raised to $1.5-million, a 15-per-cent increase. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. BCE is boosting the diversity of its board with the appointments of Tory and Wright, who is one of a small number of Black partners at top corporate law firms in Canada. Wright has been a partner at Torys for more than a decade and is chair of the firms corporate department. Client Advisor salaries - 258 salaries reported. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. Ms. Have a question? Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. 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. He has advised many of Canadas top companies on mergers and acquisitions (M&A) and has experience working for family-controlled companies, having represented the Woodbridge Company and its subsidiary Thomson Reuters on a number of transactions. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. 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. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. 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. 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. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Client Associate salaries - 39 salaries reported. 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. 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. 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. 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. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. Republication or distribution of this content is The estimated additional pay is $183,202 per year. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. 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. 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. Board Member. 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. A few weeks before the City leased 233 Carlton, Council agreed to acquire a nearby building, 218 Carlton, for use as affordable housing. His signature is on the articles of incorporation for 7619804 Canada Corporation, and he signed off on its most recent annual return. 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. 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. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. 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.. Rod Bolger, chief financial officer, made $4.4 million in total compensation in 2018, up from $3.7 million the year before. . Unauthorized distribution, transmission or republication strictly prohibited. She most recently acted as chief administrative officer for the bank. However, in 2008, Tory took a trip to Kenya with his extended family, and spent several days with Marc and Craig there. 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. All 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. 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.. 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. 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. 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.. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. expressly prohibited without the prior written consent of Toronto 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. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. There was an error, please provide a valid email address. As she does at RBC, Ms. Tory challenges these organizations to advance women and visible minorities in order to generate results by reflecting the populations they serve. Salary information comes from 1,524 data points collected directly from employees, users, and past and present . What correction? 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. RBC had the highest market cap of the Big Five banks for the period. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Associate Director salaries - 45 salaries reported. The most she received in one year was C$4.96 million for 2014. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. View Jennifer Tory's business profile as Board Member at BCE. She has been a champion and trailblazer for the advancement of women, LGBTQ+ and BIPOC individuals in both the bank and the broader community. Cinematheque Ontario. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. A representative then handled the deal on the Kielburgers behalf. Associate salaries - 271 salaries reported. Please try again. There is no lack of energy, effort and discussion happening.. She will report to Mr. McKay and will become a member of RBCs Group Executive, which is responsible for setting the overall strategic direction of the bank. 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. All rights reserved. Board Memberships & Affiliations. From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. 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. $138,110 / yr. Analyst salaries - 222 salaries reported. "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 . When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. 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. The building is now occupied, in part, by a store that repairs laptops and sells electronics. About RBC Have a question? The City said renovations have not started yet. 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.". McKays 2018 total direct compensation was $13.5 million, which was 13% above his targeted compensation and a 9% increase from 2017. Mr. McKay's compensation was 9 per cent above the target compensation established at the start of the year, after RBC's annual profit, client satisfaction scores and credit quality surpassed thresholds. Leads by Industry . To order copies of 365 Bloor Street East, Toronto, Ontario, M4W 3L4. pic.twitter.com/l4xHoPe29R. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . 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. personal and corporate concierge company, How a scarcity mindset leads to infighting between marginalized groups. 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. 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. She will join former RBC CEO Gord Nixon on the BCE. 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. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. 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? Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. Ms. Tory has been instrumental in the advancement of women and other diverse groups at RBC - where diversity is a long-standing core value. $72,093 / yr. 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. 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.. Star Newspapers Limited and/or its licensors. Management resources and compensation committee. © 2023. representative then handled the deal on the Kielburgers behalf. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Ms. Tory joined RBC in 1978. The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. The agreement was completed last summer before neighbourhood residents could be consulted. Registered Client Associate salaries - 49 salaries reported. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. HSBC Holdings Plcs Canadian unit is led by Sandra Stuart, 53. 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. 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. Comments may take up to an hour for moderation before appearing on the site. 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. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. 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 RBCs banking businesses in Canada and the Caribbean from April 2014 until May 2017. Currently working as Regional President, Toronto at RBC in Ontario, Canada. She discusses the Some information may no longer be current. 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. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. We encountered an issue signing you up. 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. 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. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. 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. 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 is a director of BCE and Bell Canada board since April2021. The property is currently assessed at just under $2.3 million for tax purposes. Shareholders also withdrew four shareholder proposals: three related to environmental issues and one related to workforce metrics. 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. 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. 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 is a member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. | Source: Her passion for employees, clients, and community set her apart, noted Mr. McKay. 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. 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. Every day, get the financial news that matters in your inbox. Victor Li, the CFO for WE Charity and ME to WE, assisted the Kielburger parents in setting up both numbered companies. Active and vocal proponent of diversity and inclusion, long before by Stuart. 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