The bank names Katherine Gibson, senior vice president of finance and controller, as interim chief financial officer
Canada’s largest bank Royal Bank of Canada has fired Chief Financial Officer Nadine Ahn amid an investigation into an alleged personal relationship with another employee. new york post the report said. Ms. Ahn joined Royal Bank in 1999 and held a range of finance, risk, investor relations and other financial roles before being appointed Chief Financial Officer in September 2021.
The bank said in an April 5 press release that it was aware of the “allegations” against Ahn and had launched an investigation. The committee found that she breached the code of conduct by having “an undisclosed close personal relationship with another employee which resulted in that employee receiving preferential treatment, including promotions and increases in pay”.
The code of conduct states: “While we all adhere to the high ethical standards set out in our Values and Code, we as line managers have a responsibility to lead by example”, including being “respectful, transparent and fair in all relationships”.
While the investigation cleared both employees of any wrongdoing in relation to the bank’s financial statements, the inquiry said that while there was no financial misconduct, the bank believed her actions breached its code of conduct.
The bank said in a statement that two employees had been terminated as a result.
Source from globe and mail Another employee is Ken Mason, vice president and head of capital and term financing and a 23-year veteran of RBC.
The bank named Katherine Gibson, senior vice president of finance and controller, as interim chief financial officer while it searches for a permanent successor.
“In her new role, Ms. Gibson will bring extensive experience leading global teams and significant strategic corporate initiatives, including a deep understanding of business drivers and growth opportunities across many different areas of the Bank,” RBC said.
