Good morning. Royal Bank of Canada’s former chief financial officer is taking legal action against the bank after her dismissal.
In April, I reported that the Royal Bank of Canada (RBC) fired Nadine Ahn, who had been with the bank for more than a decade, and promoted to the role of CFO in 2021. The bank said Ahn was in an “undisclosed close personal relationship” with another employee—a violation of the firm’s code of conduct. The other employee in the relationship, who wasn’t named at the time, also was terminated. The relationship “led to preferential treatment of the employee including promotion and compensation increases,” according to RBC. Katherine Gibson was named interim CFO.
