Royal Financial institution of Canada mentioned it has proof that its former chief monetary officer engaged in an intimate relationship with a colleague that she didn’t disclose, citing exchanges between the 2 over textual content messages and emails.
Canada’s largest lender filed an announcement of protection and counterclaim on Friday within the wrongful dismissal lawsuit filed earlier this month by Nadine Ahn, the manager it fired in April after 25 years on the financial institution.
The authorized submitting mentioned Ahn started an in depth private relationship with a colleague, Ken Mason — an govt within the financial institution’s company treasury group — as early as 2013 and that it continued till the time of her departure.
The doc gives a remarkably detailed have a look at how the financial institution alleges the connection performed out over greater than a decade. It contains descriptions of how the 2 bankers regularly met outdoors work for cocktails, celebrated anniversaries, swapped romantic poetry, and referred to as one another by pet names — “Prickly Pear” for Ahn and “KD” for Mason.
Their textual content messages “fantasized about a life together, such as reading in bed together,” RBC’s court docket submitting states.
“Ms. Ahn forwarded romantic poetry to Mr. Mason, expressing that she had fallen in love with Mr. Mason when she first saw him,” in line with the submitting. “Ms. Ahn and Mr. Mason continued to regularly see each other outside of the office during this time period, arranging a lunch on August 18, 2017 to celebrate their ‘fourth anniversary.’”
The shut relationship continued after she was promoted to CFO in 2021, in line with the paperwork. RBC alleges that Ahn used her place inside the firm to orchestrate promotions and pay raises for Mason, an endeavor it says Mason known as “Project Ken” in a doc he drew up. She additionally shared confidential info with Mason, the financial institution claims, resembling a draft of a speech to be given by Chief Government Officer Dave McKay.
Learn Extra: RBC’s Ex-CFO Says She Had Shot at CEO Job Earlier than Financial institution Fired Her
The submitting states that RBC doesn’t have entry to their messages, “except to the extent that Ms. Ahn and Mr. Mason copied personal communications to RBC systems.”
Legal professionals for Mason and Ahn didn’t reply to messages searching for remark. Ahn mentioned in her lawsuit that she and Mason had been buddies however denied that they had been romantic companions. Mason, who filed a separate wrongful dismissal lawsuit in opposition to RBC, additionally denied a romantic relationship and mentioned the financial institution would have handled them in a different way if that they had each been males.
‘I Love You Too’
The financial institution cites “intimate communications” exchanged between the 2 through textual content message. As one instance, it states, “On March 11, 2019, Ms. Ahn messaged Mr. Mason to say, ‘I love you.’ Mr. Mason responded 15 seconds later, ‘I love you too.’”
The 2 allegedly used calendar invitations to schedule “liquidity meetings,” which the financial institution mentioned was code for going for cocktails. At one such assembly, the 2 scribbled notes about their drink orders and different matters resembling “concert, night out, winery” on a coaster from Canoe, an upscale restaurant in Toronto’s monetary district. Mason had the coaster encased in plexiglass and stored it in his workplace, RBC claims.
The financial institution mentioned it started investigating in March after an nameless whistleblower alleged that Ahn and Mason had been seen “hugging and kissing and exiting the elevators” on the Fairmont Royal York, a lodge that’s proper beside RBC’s head workplace.
Financial institution officers “immediately commenced a thorough investigation conducted by external legal counsel,” RBC spokesperson Gillian McArdle mentioned in an emailed assertion on Friday. “We were disappointed to learn the allegations were true.”
The Globe and Mail newspaper earlier reported on RBC’s court docket submitting.
Ahn’s lawsuit complained about the best way Royal Financial institution dealt with the investigation, the velocity with which she was fired after being confronted with the allegations on April 5, and the injury to her repute when the financial institution put out a press launch that very same day.
“Contrary to the statements of claim from Ms. Ahn and Mr. Mason, the investigation showed there was an undisclosed close personal relationship, and that Ms. Ahn misused her authority as CFO to directly benefit Mr. Mason,” McArdle mentioned. “As she was a Named Executive Officer, we had an obligation to disclose.”
Ahn’s lawsuit is searching for virtually C$50 million ($37 million) in pay and damages whereas Mason is suing Royal Financial institution for greater than C$20 million in pay and damages.
In its counterclaim in opposition to Ahn, RBC is searching for about C$4.5 million for “excess compensation” paid to Mason and to claw again bonuses paid to Ahn, plus different damages and prices.
RBC’s submitting states that when one other worker raised issues about Mason’s pay, Ahn terminated that particular person’s employment with out trigger. The financial institution mentioned that former worker “has demanded compensation from RBC for bad faith termination of his employment, because of Ms. Ahn’s conduct.”
