2011-2021. It was transferred to the City for $2 as part of a community-benefits arrangement with the developer of a condo tower more than a kilometre away on Charles Street. Ms. Tory has been with RBC for over 35 years, holding progressively senior roles including sales leadership, strategy, operations and human resources. The building is owned by 1622774 Ontario Ltd., which lists Fred and Theresa Kielburger as administrators. Star Newspapers Limited and/or its licensors. The disclosure in BCEs filing provides a rare glimpse into the operations of Wittington, an investment vehicle for the Westons, one of the wealthiest families in Canada (they ranked third on the Forbes Billionaires 2020 list). Education. Ms. Tory was an active and vocal proponent of diversity and inclusion, long before . Ms. As RBCs Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. 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. Tory, 58, is currently RBC's regional president of Canadian banking for the Greater Toronto region. As a committed mentor and advocate, Ms. Tory actively sponsors women into executive roles at the bank. Her determination to identify talent early, proactively develop, and publicly sponsor individuals make Ms. Tory a role model, and her practices are a guide for her colleagues and other business leaders. Please try again. Ms. Jennifer Tory retired in 2019 as Royal Bank of Canada's Chief Administrative Officer. For more information, please visit rbc.com. Ms. Tory is the Chair of Sunnybrook Hospital Foundations Capital Campaign, and sits on the Boards of Directors of the Toronto Board of Trade and the Toronto International Film Festival. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. Torys itself often acts for BCE rival Rogers Communications Inc. and the firm is advising the Rogers Control Trust, the Rogers family trust, in that companys $20-billion bid to acquire Shaw Communications Inc., which was announced last week. The estimated total pay for a Director at RBC is $360,228 per year. Toronto-Dominions Teri Currie, who also heads domestic personal banking, made her debut on the named executives list, ranking third after RBCs Tory, at C$3.39 million. Read more about cookies here. She is Chair, Toronto International Film Festival Board and sits on the Sunnybrook Hospital Foundation Board; Jennifer is also a fundraiser for several other charitable organizations including WE (formerly Free the Children) and United Way. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. After more than a decade of leadership positions within the company, Pavi Binning has decided to retire from his role effective Jan. 1, 2022, Wittington said in an emailed statement Tuesday. This advertisement has not loaded yet, but your article continues below. Unauthorized distribution, transmission or republication strictly prohibited. We apologize, but this video has failed to load. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. She is the sister of Toronto mayoral candidate John Tory, who is also a former leader of the Progressive Conservative Party of Ontario, and the daughter of John A. Tory, co-founder of the Bay Street law firm of Torys LLP. var _ctct_m = "20dc9acbbb159cf7b9499c45d801ca78"; This field is for validation purposes and should be left unchanged. The next issue of Financial Post Top Stories will soon be in your inbox. 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. Five of the 12 board nominees this year are women, or 42%. Its not far off market [rate], although I would want to be able to look at the inside to see if its a high-quality space, says Matt Wood, a real estate agent based in Cabbagetown, who specializes in commercial properties. There are other women executives at Canadian financial firms who dont get named in regulatory filings but hold senior roles and more are increasing in the ranks. "The acquisition of City National Corp., a premier private and commercial bank serving high net worth individuals and commercial clients across a number of major metropolitan areas in the U.S., our second home market, complements our existing capital markets and wealth management presence, and will create a powerful expansion platform for long-term growth in the U.S., consistent with our strategy," RBC's human resources committee said in its proxy circular. $38,804 / yr. 1978-2019. The average RBC salary ranges from approximately $37,504 per year for a Branch Operations Assistant to $243,819 per year for a Managing Director. 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. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. WE told the National Post that Fred and Theresa Kielburger had purchased the property at the foundations request because the organization did not have sufficient funds at the time and then sold it to the foundation for the same price they had paid. As Regional President of the Greater Toronto Region at RBC for the past five years, Jennifer Tory has worked tirelessly to advance women and visible minorities both in the bank and her community. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Both companies were established by Fred and Theresa Kielburger specifically to own, respectively, 233 Carlton St. and 231 Carlton St., Li said in a statement provided by WE in 2019. I am delighted that she will be joining our Group Executive team and I know that we will all benefit from her knowledge, ideas and strong client focus, said Gord Nixon, President and Chief Executive Officer. 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.. David MacKay got a 9% raise over 2017, thanks in part to banks top position in mutual fund assets. Allied Properties REIT. "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 . The banks are definitely playing a leadership role in Canada, Catalysts van Biesen said. These positions allow her to significantly influence and impact the banks diversity agenda, plans, and goals. | Source: © 2023. representative then handled the deal on the Kielburgers behalf. She noted that both Tory and Wright are seasoned executives committed to supporting all the stakeholders that BCE serves, and will offer valuable guidance as we build Bells leadership in environmental, social and governance standards.. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. 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.. Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. $60,499 / yr. We encountered an issue signing you up. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. An August 2018 search showed seven Toronto residential properties registered in the names of one or both, estimated to be worth approximately $24 million at the time, according to listing.ca. Tory married Elizabeth (Liz) Bacon, a nurse, on May 15, 1953. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. RBC had the highest market cap of the Big Five banks for the period. She most recently acted as chief administrative officer for the bank. 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. 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. To order From August 2010 to September 2018, WE used the building rent-free, which WE says represented $702,900 in foregone rental income. RBC employees rate the overall compensation and benefits . When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. Does growth in self-managed accounts defy need for advice? Jennifer Tory is a corporate director who was, until her retirement in December2019, the Chief Administrative Officer of RBC (a chartered bank), where she held responsibility for Brand, Marketing, Citizenship & Communications, Procurement and Real Estate functions globally. This article was published more than 6 years ago. Find Jennifer Tory's accurate email address and contact/phone number in Adapt.io. Its pretty middle-of-the-road of the Toronto lease market.. 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. Victor Li, the CFO for WE Charity and ME to WE, assisted the Kielburger parents in setting up both numbered companies. Client Advisor salaries - 258 salaries reported. Dave McKay, who became CEO of the Royal Bank of Canada in August 2014, received a salary of $1.3-million in 2015, along with a bonus of about $2.3-million and stock options valued at about $7.3-million. Tory has also appeared at WE Day and on stage when WE opened its Global Learning Centre, a standout building in Torontos Corktown neighbourhood that WE opened in 2017. If you don't see it, please check your junk folder. Average RBC hourly pay ranges from approximately $9.00 per hour for Teller to $125 per hour for Pharmacist. 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