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Canaccord names RBC's ousted finance chief Nadine Ahn as new deputy CFO
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Canaccord names RBC's ousted finance chief Nadine Ahn as new deputy CFO
Oct 10, 2024 10:40 PM

Oct 9 (Reuters) - Investment bank Canaccord Genuity

Group ( CCORF ) on Wednesday appointed Nadine Ahn, Royal Bank of

Canada's ( RY ) former finance chief who was terminated in

April, as its deputy chief financial officer.

Ahn was terminated after serving as RBC's CFO since 2021 for

allegedly having an undisclosed close personal relationship with

a subordinate, the bank had said.

Ahn denied all allegations regarding the relationship in

RBC's counterclaim after she sued the bank for wrongful

dismissal and for nearly C$50 million.

Canaccord Genuity ( CCORF ) said Ahn will replace current CFO Don

MacFayden after a planned transition in 2025. MacFayden will

continue within the company's U.S. capital markets business.

Ahn will initially focus on optimizing Canaccord's global

financial operations, which will include overseeing strategic

projects and identifying opportunities to strengthen the

company's financial position, the statement said.

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