Longtime leaders at RBC’s prominent Bay Street wealth management arm appear to be moving quietly down the ladder amid an ongoing lawsuit by a former employee that accuses the bank of fostering a misogynistic and unhealthy workplace culture.
Constantinescu believes Weber’s quiet move from long-time branch director to investment adviser is a demotion. Several sources familiar with RBC’s wealth management arm said the move by Weber would almost certainly be seen by others in the industry as a demotion or a downward move, given his tenure with the company and proximity to retirement.
Weber joined the team of Alan O’Hanlon, also a portfolio manager and senior investment adviser. His bio on the team page skims over the fact that most of his time at RBC has been as branch director; it describes him joining Pitfield Mackay Ross as an investment adviser in 1983, which was acquired by RBC a year later.
Another former employee described herself and other women being harassed and humiliated by men at the office with little to no consequences from human resources.RBC did not comment specifically on the former employees’ allegations, but has previously denied such claims about the bank’s workplace culture.
After she was let go, she sued the bank for wrongful dismissal, alleging a sexist culture at the lucrative wealth management division on the 39th floor of Royal Bank Plaza, perpetuated by leaders like Weber.
Plz do something for caregiverspilotprogram applicants who are waiting for their final decisions to meet their families.We are also humans not criminal's.Have mercy on us.seanfraser jasrajshallan sukhdhaliwal randeepssarai JennyKwanBC OMNIpunjabi CanadianPM
When cibc did their shakeup in 2017 they kept the most ruthless and dishonest executives. The old white guys have got to go. Some of the women are just as bad, but the guys gang up and mysoginitic attitudes prevailed. 😒
Despicable company that I would discourage anyone having to deal with.
This exists in all RBC units. Go to Vaughan and visit Rina Pillitteri or Sandro Giannini. Sandro has so many inappropriate stories to tell you.
katiedancer_RE I hope I have the right Katie
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