Royal Financial institution of Canada fires CFO above undisclosed relationship

Royal Financial institution of Canada fires CFO above undisclosed relationship


A Royal Lender of Canada department stands in downtown Vancouver, British Columbia, Canada.

Ben Helms | Bloomberg | Getty Images

Royal Bank of Canada on Friday mentioned it appointed Katherine Gibson as interim chief fiscal officer, helpful promptly, adhering to the departure of Nadine Ahn.

The lender claimed it turned conscious of “allegations” in opposition to Ahn and released an investigation, which located she violated its code of perform by obtaining an “undisclosed shut private romance with an additional worker, that led to preferential treatment method of the worker, which includes marketing and compensation raises.”

Both equally workers had their employment terminated as a result, the lender reported in a assertion.

Ahn could not straight away be achieved for comment.

The investigation found no proof of misconduct by the previous CFO or the other worker in regard to the bank’s beforehand issued financial statements, RBC’s method, or its economic or organization general performance, the bank additional.

Ahn was formerly the head of trader relations at RBC, in advance of being appointed the CFO in September 2021.



Resource

Asia markets trade mixed; Australia central bank starts two-day policy meeting
World

Asia markets trade mixed; Australia central bank starts two-day policy meeting

Sydney Opera House, designed by Danish architect Mr Jorn Oberg Utzon, at first light as the sun rises over Sydney harbor and city center skyscrapers. Ucg | Universal Images Group | Getty Images Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to […]

Read More
Moldova’s pro-EU government edges towards majority in pivotal vote
World

Moldova’s pro-EU government edges towards majority in pivotal vote

Members of an electoral commission empty a ballot box after polling stations closed in Moldova’s parliamentary elections in Chisinau, Moldova, on Sept. 28, 2025. Stringer | Reuters Moldova’s ruling pro-EU party pulled comfortably ahead of its Russian-leaning rival in a crucial parliamentary election as final results trickled in on Monday, a relief for the government as it seeks […]

Read More
Europe retains the Ryder Cup and reasserts dominance over Americans
World

Europe retains the Ryder Cup and reasserts dominance over Americans

Team Europe captain Luke Donald celebrates after Tyrrell Hatton halves his match on the 18th hole during the singles to win the 2025 Ryder Cup. Paul Childs | Reuters Team Europe is taking the Ryder Cup back across the Atlantic Ocean, leaving the Americans to search for answers in what is becoming a lopsided series. […]

Read More