Royal Bank of Canada Fires CFO Following Investigation

The investigation revealed an undisclosed personal relationship leading to preferential treatment, resulting in terminations and the appointment of an interim CFO.

• Royal Bank of Canada terminated CFO Nadine Ahn following an investigation into her undisclosed personal relationship with another employee, leading to preferential treatment.
• Both Nadine Ahn and the involved employee, identified as Ken Mason, received termination of employment on April 5.
• The investigation found no evidence of financial misconduct affecting the bank's financial statements or business performance.
• Katherine Gibson has been appointed as the interim CFO while RBC conducts a search for a permanent successor.
• The bank's code of conduct emphasizes ethical standards, particularly for those in managerial positions, highlighting the need for transparency and fairness.

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