Article content material
Royal Bank of Canada has appointed Katherine Gibson as its chief monetary officer, months after terminating the contract of former CFO Nadine Ahn.
Ahn was accused of getting an “undisclosed shut private relationship” with one other worker, which supposedly led to promotions and compensation will increase for the worker. Both people had been let go.
The former CFO, nonetheless, denied the claims and mentioned she and the colleague had been simply buddies. Ahn filed a case in opposition to RBC for wrongful termination. The financial institution has denied her allegations in court docket filings, and the case is ongoing.
Article content material
Gibson had been serving because the financial institution’s interim CFO since April 5. Prior to that function, she was senior vice-president, Enterprise Finance & Controller, and was accountable for head workplace finance.
She joins National Bank of Canada’s Marie Chantal Gingras as considered one of two feminine CFOs amongst Canada’s Big Six banks.
“Katherine is an excellent senior govt with international monetary insights and management capabilities,” RBC chief govt Dave McKay mentioned in a press release on Thursday. “She … brings deep experience in each enterprise and international enterprise finance.”
Recommended from Editorial
-
Wrongful dismissal swimsuit in opposition to RBC captivates company Canada
-
RBC’s Dave McKay says Canada is on the ‘unsuitable path’
-
RBC posts ‘standout quarter’ on revenue beat
Gibson has been an RBC worker for greater than 22 years. Her prior roles included senior vice-president, wealth administration, investor & Treasury Services and insurance coverage finance, and vice-president, enterprise optimization.
Shares of RBC hit new all-time highs late final month after Canada’s largest lender reported larger income and beat analysts’ expectations in its fiscal third quarter, the primary full quarter because it accomplished the acquisition of HSBC Holdings PLC’s Canadian enterprise. The inclusion of HSBC elevated web earnings by $239 million.
• Email: nkarim@postmedia.com
Bookmark our web site and assist our journalism: Don’t miss the enterprise information it’s essential know — add financialpost.com to your bookmarks and join our newsletters right here.
Share this text in your social community
