Royal Bank of Canada has announced the appointment of Katherine Gibson as interim Chief Financial Officer, effective immediately, following the departure of Nadine Ahn.
The bank revealed that it had received “allegations” against Ahn and subsequently conducted an investigation. The investigation found that Ahn had violated the bank’s code of conduct by engaging in an undisclosed close personal relationship with another employee, resulting in preferential treatment for the employee, including promotions and compensation increases.
As a result of the findings, both Ahn and the other employee had their employment terminated, according to a statement from the bank.
Ahn was unavailable for immediate comment.
The investigation concluded that there was no evidence of misconduct by the former CFO or the other employee concerning the bank’s financial statements, strategy, or overall financial and business performance.
Before her role as CFO, Ahn had served as the head of investor relations at RBC.
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