Royal Bank of Canada fires CFO over concealed relationship

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Royal Bank of Canada fires CFO over undisclosed relationship

Revealed: The Secrets our Clients Used to Earn $3 Billion

A Royal Bank of Canada branch stands in downtown Vancouver, British Columbia, Canada.

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Royal Bank of Canada on Friday stated it selected Katherine Gibson as interim primary monetary officer, reliable instantly, following the departure of Nadine Ahn.

The bank stated it ended up being mindful of “allegations” versus Ahn and released an examination, which discovered she broke its standard procedure by having an “undisclosed close personal relationship with another employee, that led to preferential treatment of the employee, including promotion and compensation increases.”

Both workers had their work ended as an outcome, the bank stated in a declaration.

Ahn might not instantly be grabbed remark.

The examination discovered no proof of misbehavior by the previous CFO or the other staff member in regard to the bank’s formerly provided monetary declarations, RBC’s method, or its monetary or service efficiency, the bank included.

Ahn was formerly the head of financier relations at RBC, before being selected the CFO in September 2021.