Royal Bank of Canada (TSX:RY) announced Tuesday that Jennifer Tory has been appointed group head, personal & commercial banking.
Tory will take over in April 2014 from Dave McKay, who, as previously announced will become president of RBC on February 26, and then president and CEO on August 1.
In her new role, Tory will be responsible for the strategy and performance of RBC’s personal banking operations and certain retail investment businesses in Canada, the Caribbean and the United States, as well as RBC’s commercial banking operations in Canada and the Caribbean.
She will report to McKay and will become a member of RBC’s group executive, which is responsible for setting the overall strategic direction of the bank.
“Jennifer’s depth of experience in retail and commercial banking ideally positions her to take on leadership of approximately 35,000 employees who are committed to serving the needs of our clients,” said Gord Nixon, president and CEO, in a release.
Tory, currently regional president, Canadian banking, Greater Toronto Region, has been with RBC for over 35 years, holding progressively senior roles including sales leadership, strategy, operations and human resources. She is an experienced change leader who has led transformational initiatives in multiple areas of Canadian banking, improving the client and employee experience while delivering efficiencies.
Tory is active in the community through volunteer roles with Sunnybrook Hospital Foundation, the Toronto International Film Festival, the Canadian Olympic Foundation and Free the Children, and until recently the Toronto Region Board of Trade.