Royal Bank of Canada terminates chief financial officer Nadine Ahn after investigation into personal relationship with employee

Royal Bank of Canada has introduced the termination of chief financial officer Nadine Ahn after an investigation discovered she had a personal relationship with one other worker.

“RBC was not too long ago made conscious of allegations involving Ms. Ahn and instantly launched an inside evaluate and engaged outdoors authorized counsel to research,” RBC mentioned in a press release.

“The investigation discovered proof that, in contravention of the RBC Code of Conduct, Ms. Ahn was in an undisclosed shut personal relationship with one other worker which led to preferential therapy of the worker together with promotion and compensation will increase,” the assertion mentioned.

“As a outcome, the 2 people have had their employment terminated,” the financial institution mentioned.

“The investigation discovered no proof of conduct by the previous CFO or the opposite worker with respect to the financial institution’s beforehand issued financial statements, RBC’s technique or its financial or enterprise efficiency,” the financial institution mentioned in a press release.

The financial institution introduced it has appointed Katherine Gibson as Interim Chief Financial Officer (CFO).

Speaking on the appointment, the financial institution mentioned: “She is a revered and skilled chief who has been with the financial institution for 22 years, most not too long ago as SVP, Finance & Controller, and is extensively thought of a trusted advisor with a robust analytical and governance mindset.”