Former Royal Bank of Canada chief financial officer (CFO) Nadine Ahn has landed a new senior leadership role with Canaccord Genuity Group Inc., the firm said on Thursday.
Canaccord appointed Ahn as its deputy CFO, and she’ll succeed the firm’s current CFO, Don MacFayden, in 2025. At that point, MacFayden will continue to be active within the company’s U.S. capital markets business.
The firm said Ahn’s more than 25 years of banking experience and expertise in treasury, capital markets, corporate development, and strategy will help her play a key leadership role at the company.
Ahn’s appointment comes after RBC fired her and colleague Ken Mason in April, alleging the two had an undisclosed close relationship and that Ahn gave Mason preferential treatment, such as compensation increases.
Both Ahn and Mason have challenged the bank’s assertions in lawsuits seeking tens of millions of dollars in compensation for wrongful dismissal.
Katherine Gibson, previously senior vice-president, enterprise finance and controller with RBC, took over as CFO after Ahn’s firing.
Ahn had served as RBC’s CFO from 2021. Prior to that, she held senior finance roles in various divisions of the bank and served on several boards of domestic and internationally regulated subsidiaries, Canaccord’s release said. The release also referenced her role in executing RBC’s $13.5-billion acquisition of HSBC Canada.
In her new role with Canaccord, Ahn will initially focus on “optimizing” global financial operations, the release said, which will include overseeing strategic projects and identifying opportunities to strengthen the company’s financial position.
Canaccord said the appointment follows “a comprehensive due diligence process” with the support of its board of directors and independent advisors. The firm also noted that Ahn will partner with MacFayden to ensure a smooth transition.
With files from The Canadian Press