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![Royal Bank of Canada (RBC) fired Chief Financial Officer Nadine Ahn last week amid allegations of misconduct. Royal Bank of Canada (RBC) fired Chief Financial Officer Nadine Ahn last week amid allegations of misconduct.](https://images.news18.com/ibnlive/uploads/2021/07/1627283897_news18_logo-1200x800.jpg?impolicy=website&width=510&height=383)
Royal Bank of Canada (RBC) fired Chief Financial Officer Nadine Ahn last week amid allegations of misconduct.
Mr. Ahn served as RBC's head of investor relations until his appointment as Chief Financial Officer (CFO) in September 2021.
Royal Bank of Canada says it has appointed Katherine Gibson as interim chief financial officer, effective immediately, following the departure of Nadine Ahn.
Citing the bank's announcement, Reuters reported that on April 9, RBC became aware of the 'allegations' against Mr. Ahn and began an investigation, revealing that Mr. Ahn had formed an undisclosed close personal relationship with another employee and had given the employee preferential treatment, such as promotion and compensation. It was reported that it was revealed. increases”.
As a result of the investigation, Mr. Ahn and the two employees involved were all dismissed, the report added.
However, the investigation found no evidence of misconduct by the former CFO or any other employee with respect to RBC's previously published financial statements, strategy, financial and business performance.
Meanwhile, RBC has appointed Katherine Gibson as interim Chief Financial Officer (CFO) to fill the void left by Ahn's retirement, effective immediately.
Mr. Ahn served as RBC's head of investor relations until his appointment as Chief Financial Officer (CFO) in September 2021.
As a result of the bank's investigation, it was revealed that Mr. Ahn received preferential treatment in promotions and compensation because he had an 'undisclosed personal relationship with another employee.'
An RBC investigation determined that Mr. Ahn's actions violated the bank's code of conduct, leading to his dismissal.
The investigation found no evidence that Mr. Ahn or any other employee had committed misconduct in relation to RBC's financial statements, strategy, or performance.
The bank appointed Katherine Gibson as interim chief financial officer (CFO), taking on Chairman Ahn Cheol-soo's responsibilities until a permanent successor is found.