The Canadian banking system and the global media were left shell-shocked after the Royal Bank of Canada on April 5 announced the termination of Nadine Ahn. Nadine Ahn was the Chief Financial Officer (CFO) of Canada's biggest bank RBC. As per reports, an inquiry was initiated against Royal Bank of Canada's CFO Nadine Ahn after multiple employees complained that she is biased towards a particular employee and has given him an undue hike in salary multiple times. As a result, the RBC started an internal investigation and found out that Nadine Ahn was in a secret relationship with the employee. Now, the question arises who is Nadine Ahn, Royal Bank of Canada's former CFO? Below is everything you need to know about Nadine Ahn and her relationship with RBC employee-
Who is Nadine Ahn?
Going by her LinkedIn profile, Nadine Ahn hails from Toronto, Canada. Nadine Ahn joined the Royal of Canada in 1999 and worked in a series of treasury, risk, investor relations, and other financial roles before being named CFO in September 2021. It means, Nadine Ahn worked for RBC for 24 to 25 long years.
Before joining the RBC, Nadine Ahn worked for Chartered Professional Accountants of Canada (CPA Canada). Talking about Nadine Ahn's educational qualification, she graduated from the University of Toronto in 1994 from Business & Commerce.
As Chief Financial Officer, Nadine Ahn was "responsible for Finance, Taxation, Performance Management, Investor Relations, Corporate Treasury, and Corporate Development." Her LinkedIn bio further said, "Together with other members of Group Executive, I contribute to setting the overall strategic direction of RBC. In addition, I chair RBC’s Asset-Liability Committee."
Nadine Ahn's Undisclosed Relationship & Investigation
RBC in its official release stated that it was recently made aware of allegations involving 'Ms. Ahn and immediately launched an internal review and engaged outside legal counsel to investigate. The investigation found evidence that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed close personal relationship with another employee which led to preferential treatment of the employee including promotion and compensation increases. As a result, the two individuals have had their employment terminated.'
RBC further said, 'The investigation found no evidence of conduct by the former CFO or the other employee with respect to the bank's previously issued financial statements, RBC's strategy or its financial or business performance.'
After firing Nadine Ahn, RBC appointed Katherine Gibson as the bank's Interim Chief Financial Officer (CFO).