Good morning. Royal Bank of Canada's (RBC) recent firing of its longtime CFO Nadine Ahn and her lawsuit against the bank is putting personal office relationships, whether romantic or platonic, in the spotlight. Now, in a counterclaim, RBC has released more details in connection to allegations against Ahn.
An RBC veteran, Ahn, who had been with the bank for about 25 years, was promoted to the role of CFO in 2021. The bank said in a press release in April that she was in an “undisclosed close personal relationship” with another employee—a violation of the firm’s code of conduct, and the relationship “led to preferential treatment of the employee including promotion and compensation increases,” according to RBC.
