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The Royal Bank of Canada (RBC) sacked its Chief Financial Officer Nadine Ahn final week, efficient instantly, amid allegations of misconduct.
Ahn was beforehand the top of investor relations at RBC earlier than being appointed because the Chief Financial Officer in September 2021.
Royal Bank of Canada has mentioned it appointed Katherine Gibson as interim Chief Financial Officer, efficient instantly, following the departure of Nadine Ahn.
Reuters, quoting a financial institution announcement, reported on April 9 that RBC grew to become conscious of “allegations” towards Ahn and launched an investigation that exposed she had an “undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases”.
As a end result of the findings, each Ahn and the opposite worker concerned have had their employment terminated with the financial institution, the report added.
The investigation, nonetheless, discovered no proof of misconduct by the previous CFO or the opposite worker in regard to RBC’s beforehand issued monetary statements, its technique, or its monetary and enterprise efficiency.
Meanwhile, the RBC has appointed Katherine Gibson because the interim Chief Financial Officer, efficient instantly, to fill the void left by Ahn’s departure.
Ahn was beforehand the top of investor relations at RBC earlier than being appointed because the Chief Financial Officer in September 2021.
The financial institution’s investigation discovered that Ahn had an “undisclosed close personal relationship with another employee” which led to preferential remedy in phrases of promotion and compensation.
RBC’s investigation decided that Ahn’s actions violated the financial institution’s code of conduct, resulting in the termination of her employment.
The investigation didn’t discover any proof of misconduct by Ahn or the opposite worker in relation to RBC’s monetary statements, technique, or efficiency.
The financial institution has appointed Katherine Gibson because the interim Chief Financial Officer to take over Ahn’s duties till a everlasting alternative is discovered.
