Wednesday, December 4, 2024
HomeWealth ManagementRBC fires CFO over conduct code violation

RBC fires CFO over conduct code violation

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RBC has additionally initiated a seek for Ahn’s everlasting successor. The financial institution disclosed that upon studying in regards to the allegations in opposition to Ahn, it instantly commenced an inside evaluate and sought the experience of exterior authorized counsel to conduct an intensive investigation.

The investigation revealed that Ahn’s actions contravened the RBC Code of Conduct as a result of nature and concealment of her relationship, leading to her termination together with the unnamed concerned worker.

RBC clarified that the inquiry unearthed no proof suggesting that the previous CFO or the opposite worker compromised the financial institution’s monetary statements, technique, or total monetary and enterprise efficiency.

Ahn, who had been with RBC since 1999 and ascended to the CFO place in September 2021, had a distinguished tenure in numerous key departments together with treasury, threat, and investor relations.

Her appointment as CFO marked a big milestone as she was the one feminine to carry this place amongst Canada’s Massive Six banks till Marie Chantal Gingras later joined her ranks on the Nationwide Financial institution of Canada.

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