Nadine Ahn is the former CFO of Royal Bank of Canada, have a look at her husband and salary
Find out more about her.
Nadine Ahn, the chief financial officer of the Royal Bank of Canada, was fired when it was discovered that she had a covert romantic relationship with one of her coworkers, which resulted in the aforementioned person receiving promotions and pay increases.
Who is Nadine Ahn ex-CFO of Royal Bank of Canada (RCB) fired after affair, bio, age, family, husband and salary
CANADA’S LARGEST BANK RBC HAS FIRED ITS CFO NADINE AHN
THE BANK BECAME AWARE OF HER HAVING UNDISCLOSED CLOSE PERSONAL RELATIONSHIP WITH ANOTHER EMPLOYEE
WHICH LED TO PREFERENTIAL TREATMENT OF HIM INCLUDING PROMOTION AND COMPENSATION INCREASES
BOTH HAVE BEEN FIRED$RY pic.twitter.com/C5sLYTU8xG
— GURGAVIN (@gurgavin) April 6, 2024
Ahn’s dismissal, effective Friday, comes alongside the undisclosed employee with whom she was involved. She received almost $3 million in salary in the fiscal year 2023, a notable 25% increase from the year before.
When Ahn was first hired in 2021, she was the only woman to hold this position as CFO at any of Canada’s Big Six banks. Due to Ahn’s hidden relationship, there had been breaches of the bank’s code of conduct, which were discovered during a comprehensive inquiry that led to RBC’s judgment.
Even though there was no financial misbehavior, RBC moved quickly, hiring lawyers and doing an internal inquiry. Remarkably, RBC’s policy—which is disclosed in the bank’s annual public statements—specifies that senior executives may forfeit severance and other compensation in the event of a termination for a reason.
In light of Ahn’s departure, Katherine Gibson assumes the role of interim CFO as RBC initiates a search for a permanent replacement. Since then, Nadine Ahn has become the talk of the town, with many people trying to learn more about her. So, let’s find out more about her:
Who is Nadine Ahn?
Nadine Ahn is a well-known Canadian financial executive. She has been in the news because she was fired as the CFO of Royal Bank of Canada due to a hidden romantic relationship with a fellow employee.
She was born in July 1971 in Toronto, Ontario, Canada. After completing her schooling, she studied business and commerce at the University of Toronto. She also worked toward earning a certification from CPA Canada, the Chartered Professional Accountants of Canada, during her studies.
She is currently 52 years old. While she is believed to be married, details about her husband and family aren’t known.
RBC Fires CFO Nadine Ahn After Probe Into Personal Relationship
byu/reallyneedhelp1212 inCanadianInvestor
Her career
Nadine Ahn honed her skills as an audit senior at Price Waterhouse Coopers (PwC) from 1994 to 1997. She then went on to oversee TD Bank’s accounting policy department until 1999.
In 1999, she went on to work at the Royal Bank of Canada (RBC). From 2002 until 2006, she worked as a senior manager in corporate Treasury, specializing in fund transfer pricing. She soon rose to the position of Senior Manager in Corporate Treasury’s Asset and Liability Management (ALM) from 2007 to 2009.
Over her career at RBC, she held positions as Vice President of Global Financial Control at RBC Capital Markets from 2014 to 2016 and as Managing Director and Head of Enterprise Liquidity Risk Measurement in Corporate Treasury from 2010 to 2014.
From 2016 to 2021, she served as Senior Vice President of Wholesale Finance and Investor Relations at RBC. She took on the prestigious role of Chief Financial Officer (CFO) of RBC in November 2021.
During her tenure as CFO at RBC, Nadine Ahn oversaw corporate development, investor relations, taxation, performance management, and finance. Working closely with other executives, she chaired the Asset-Liability Committee and was essential in determining RBC’s strategic direction.
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