RBC fires senior official in US over workplace relationship

The Royal Bank of Canada (RBC) has dismissed the head of its US capital markets division for violating its disclosure and conflict of interest policies on relationships with fellow employees. The bank’s spokeswoman said Blair Fleming was investigated following a complaint and action was taken after it was found he did not comply with RBC’s policies on workplace relationships. Fleming, 56, who joined the bank in 1986, had been living in New York since 2009 along with his wife and their four daughters. The bank’s code of conduct says working relationships could cause conflicts of interest if they can “favourably impact compensation, work conditions or promotion prospects of a close friend or family member”. It also says employees have a responsibility to speak up if they witness or experience inappropriate behaviour.