jennifer tory rbc salary

Royal Banks annual general meeting will be held April 4, 2019. She most recently acted as chief administrative officer for the bank. Awarded the Queens Jubilee Medal in 2012, Jennifer has a long history of supporting numerous community causes. Reached by phone, Brenda Ha tells Canadaland that she works with the Kielburger parents on occasion through her personal and corporate concierge company, Check Box Services, and confirmed her role in negotiating the lease agreement for 233 Carlton. After more than a decade of leadership positions within the company, Pavi Binning has decided to retire from his role effective Jan. 1, 2022, Wittington said in an emailed statement Tuesday. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8, put its Weston Foods bakery business up for sale. Ms. Tory is the Chair of Sunnybrook Hospital Foundations Capital Campaign, and sits on the Boards of Directors of the Toronto Board of Trade and the Toronto International Film Festival. Client Advisor salaries - 258 salaries reported. Please try again. $60,499 / yr. I am delighted that she will be joining our Group Executive team and I know that we will all benefit from her knowledge, ideas and strong client focus, said Gord Nixon, President and Chief Executive Officer. WE says that Marc Kielburger, representing his parents, also spoke to City staff about the 12,754-square-foot building, seeking greater clarification on the proposed use of the site.. Under Mr. McKay's leadership, RBC's profit topped $10-billion in 2015 and eclipsed Toronto-Dominion bank in terms of total assets in the first quarter of this year a notable achievement given that one of RBC's strategic goals is to be Canada's "undisputed leader in financial services.". Dave McKay, who became CEO in August 2014, received a salary of $1.3-million, along with a bonus of about $2.3-million and stock options valued at about $7.3-million. Having started her career with the Royal Bank of Canada in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial Banking responsible for RBC's banking businesses in Canada and the Caribbean from April 2014 until May 2017. Have a question? By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Some information may no longer be current. According to a signed statement WE provided from a Sothebys realtor last year, that represented an in-kind value of nearly $4.7 million. This city might have the strongest housing market in Canada, BMO gets green light to buy Bank of the West in biggest deal ever for Canadian bank, A mental health crisis in Canada is fuelling billions in losses for employers, tap here to see other videos from our team. "The acquisition of City National Corp., a premier private and commercial bank serving high net worth individuals and commercial clients across a number of major metropolitan areas in the U.S., our second home market, complements our existing capital markets and wealth management presence, and will create a powerful expansion platform for long-term growth in the U.S., consistent with our strategy," RBC's human resources committee said in its proxy circular. Despite speculation by residents of Torontos Cabbagetown neighbourhood, who have pointed to Mayor John Torys long relationship with the Kielburgers, a spokesperson for the mayor says he had no involvement in the decision, which was made by City staff without Council approval. His son, John Tory, is the current Mayor of Toronto and former Progressive Conservative Party of Ontario leader. He is an accountant by training who was chief financial officer and then briefly CEO of George Weston Ltd. before Galen G. Weston assumed the latter role in 2017. Janice Fukakusa, Royal Bank of Canada's former chief financial officer, was the highest paid woman among the country's eight largest lenders in fiscal 2016, bringing in C$4.67 million in compensation excluding pension. Ms. Tory, 58, has been with RBC for more than 35 years, rising through a series of increasingly senior positions. Unauthorized distribution, transmission or republication strictly prohibited. Ms. Torys innovative approaches, such as restructuring regional market responsibilities to create additional development opportunities important for the advancement of high-potential women and visible minorities, are fundamental to her overall strategy of cultivating talent for results. Kristyn Wong-Tam, the councillor for the area, says she was also not informed in advance. If you do not yet have a Torstar account, you can create one now (it is free), Copyright owned or licensed by Toronto Star Newspapers Limited. Still, Mr. McKay's compensation was again eclipsed by the bank's group head of capital markets. TORONTO, July 29, 2020 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (Allied) (TSX:AP.UN) announced today that Jennifer Tory has been appointed as a trustee of Allied (a Trustee) by the Trustees. Manager salaries - 239 salaries reported. Investor contact: Leads by Industry . She is Chair, Toronto International Film Festival Board and sits on the Sunnybrook Hospital Foundation Board; Jennifer is also a fundraiser for several other charitable organizations including WE (formerly Free the Children) and United Way. Client Associate salaries - 39 salaries reported. Still, there are no female chief executive officers among Canadas largest banks, extending an industry shutout that stretches back two centuries. Royal Bank of Canada has appointed Jennifer Tory as the new head of its retail bank, its largest and most important business. Web"/> . The most she received in one year was C$4.96 million for 2014. The property is currently assessed at just under $2.3 million for tax purposes. The estimated base pay is $177,025 per year. The lease started on January 1. WE says Fred and Theresa did not receive a tax receipt for either agreement. July 29, 2020 17:01 ET 1978-2019. They are still in the minority when it comes to the top executives: only nine, or 21 percent, of the 43 named executives at the eight banks are women, according to regulatory disclosures. Toronto-Dominion Bank and Bank of Nova Scotia have already released their proxy circulars. This copy is for your personal non-commercial use only. Allied Properties REIT. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Neil McLaughlin, group head, Personal & Commercial Banking, made $4.5 million in total compensation, up from $2.9 million the year before. David mckay rbc salary - gkeb.mdfmodels.de . Prior to this role, she was Group Head, Personal & Commercial Banking, leading RBCs retail and commercial customer businesses and operations in Canada and the Caribbean from2014-2017. Because the total value of the contract was less than $10 million, the decision was delegated to City staff and did not go to City Council for approval [pdf]. Both WE and the Mayors Office say that Tory has never been paid to attend or speak at a WE event. [1] They had four children: John H. Tory (born 1954), Jennifer (born 1955), Jeffrey (born 1960) and Michael (born 1961). Having started her career with Royal Bank of Canada ("RBC") in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial Banking responsible for . Elizabeth's mother, Helen Yvonne Solomon, was born . She will join former RBC CEO Gord Nixon on the BCE board, which he chairs. Associate Director salaries - 45 salaries reported. I am very excited about this opportunity and look forward to leading an exceptional management team and employees dedicated to bringing the best of RBC to our clients, said Ms. Tory, currently Regional President, Canadian Banking, Greater Toronto Region. We ask you to keep your comments relevant and respectful. Her experience in setting business strategies coupled with her execution capabilities will serve her well as she builds on the strength and momentum of Personal & Commercial Banking. All Having started her career with Royal Bank of Canada ("RBC") in 1978, Ms. Tory held successively senior leadership roles, including as Group Head, Personal & Commercial Banking responsible for . Along with other members of Group Executive, Jennifer is responsible for setting the overall strategic direction of RBC. Fukakusa, who was also Royal Banks chief administrative officer, retired in January after 31 years at the bank. RBC is facing two shareholder proposals this year, both of which the bank advises voting against. Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, Report a Fraudulent Email or Security Concern. Ms. Tory will take over in April 2014 from Dave McKay, who, as previously announced will become President of RBC on February 26, 2014 and then President and CEO on August 1, 2014. Thus far, McKay has the second-highest CEO compensation, and TDs CEO has the highest. Ive worked with Jennifer for many years. About RBC > Media Newsroom > News Releases >RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. $84,613 / yr. Director salaries - 231 salaries reported. In another connection to Rogers, Jennifer Torys brother John was a long-time executive at the company before entering politics and is a trustee of the Rogers family trust. The board attributes this to, among other things, RBC maintaining its number-one market share in Canadian mutual fund assets under management and the success of the firms continued U.S. expansion. Further, Guzman accelerated acquisition of new clients through launch of Premier Banking, increasing high-net-worth households, with 25% growth year-over-year.. TORONTO, February 25, 2014 - Royal Bank of Canada (RY on TSX and NYSE) announced today that Jennifer Tory has been appointed Group Head, Personal & Commercial Banking. Follow David Berman on Twitter: @dberman_ROBOpens in a new window, Checking box will enable automatic data updates. A few weeks before the City leased 233 Carlton, Council agreed to acquire a nearby building, 218 Carlton, for use as affordable housing. Its not far off market [rate], although I would want to be able to look at the inside to see if its a high-quality space, says Matt Wood, a real estate agent based in Cabbagetown, who specializes in commercial properties. Ms. As she does at RBC, Ms. Tory challenges these organizations to advance women and visible minorities in order to generate results by reflecting the populations they serve. The building is now occupied, in part, by a store that repairs laptops and sells electronics. We employ approximately 79,000 full- and part-time employees who serve more than 15 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 44 other countries. Fukakusa, who was also Royal Bank's chief administrative officer, retired in January after 31 years at the bank. Next door sits 231 Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Theresa Kielburger. But we have seen that the banks really are working very hard to get their numbers up as far as female representation at the executive suite.. We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. There are other women executives at Canadian financial firms who dont get named in regulatory filings but hold senior roles and more are increasing in the ranks. permissions/licensing, please go to: www.TorontoStarReprints.com. Queen's University. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Ms. Tory served as the Chief Administrative Officer of RBC from May 2017 until her retirement on December 31, 2019, where she was responsible for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. Ms. Tory completed her ICD.D designation through the Institute of Corporate Directors at the Rotman School of Management. Ms. Tory, who currently serves as regional president for Toronto of the Canadian banking operation, moves into her new job in April. Find contact's direct phone number, email address, work history, and more. RBC. Jennifer Tory retired after a four-decade career at RBC in 2019. Jennifer Tory is a corporate director who was, until her retirement in December2019, the Chief Administrative Officer of RBC (a chartered bank), where she held responsibility for Brand, Marketing, Citizenship & Communications, Procurement and Real Estate functions globally. rights reserved. TORONTO, JUNE 8, 2011 Catalyst Canada announced today that it will honour Jennifer Tory, RBC's Regional President of Greater Toronto, for her ongoing contributions to advancing women in business. She is an experienced change leader who has led transformational initiatives in multiple areas of Canadian Banking, improving the client and employee experience while delivering efficiencies. Mr. McKay's compensation was 9 per cent above the target compensation established at the start of the year, after RBC's annual profit, client satisfaction scores and credit quality surpassed thresholds. Anyone can read Conversations, but to contribute, you should be a registered Torstar account holder. The company will hold its annual shareholder meeting via webcast on April 29, at which point the new directors are expected to be approved. Pavi Binning is the current president of Wittington. document.write(CurrentYear) Ms. Tory is a director of BCE and Bell Canada board since April2021. In 2010, she was named one of Canadas Most Powerful Women: Top 100 by Womens Executive Network. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Jennifer Tory is a most welcome addition to our Board, said Gordon Cunningham, Chair of Trustees. There was an error, please provide a valid email address. Mayor John Tory, whose office says he was not involved in the lease, has a relationship with the WE co-founders. For more information, please visit rbc.com. David McKay, president and CEO of Royal Bank of Canada, made $14.5 million in total compensation last year, according to the banks proxy circular released Thursday. Allied Properties REIT In Canada, there are also no women overseeing investment-banking divisions , whose heads tend to command the highest pay packages after CEOs. Ms. Tory has been instrumental in the advancement of women and other diverse groups at RBC - where diversity is a long-standing core value. RBC said Ms. Tory will be responsible for the strategy and performance of the business, which include the banks personal banking operations and certain retail investment businesses in Canada, the Caribbean and the U.S., as well as RBCs commercial banking operations in Canada and the Caribbean. As for the other named executive officers: The circular notes that 45% of RBCs executives in Canada are women, and 22% of the firms group executive are women. Regional President, Greater Toronto Region, RBC As Regional President of the Greater Toronto Region at RBC for the past five years, Jennifer Tory has worked tirelessly to advance women and visible minorities both in the bank and her community. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. The client was not given the opportunity to put restrictions on the content or review it prior to publication. Jennifer Tory retired after a four-decade career at RBC in 2019. David McKay, president and CEO of Royal Bank of Canada, made $14.5 million in total compensation last year, according to the bank's proxy circular released Thursday. Royal Bank of Canada said on Tuesday that it had promoted Jennifer Tory to head of its personal and commercial banking business, replacing Dave McKay, who will become chief executive officer later this year. From June 2004 to September 2018, the parents allowed WE Charity to use 233 Carlton rent-free. As RBC's Chief Administrative Officer Jennifer Tory has responsibility for Brand, Marketing, Citizenship, Communications, Procurement and Real Estate functions globally. An August 2018 search showed seven Toronto residential properties registered in the names of one or both, estimated to be worth approximately $24 million at the time, according to listing.ca. Those women include Laura Dottori-Attanasio, chief risk officer at Canadian Imperial Bank of Commerce, Bank of Montreals Joanna Rotenberg, who became group head of wealth management in November and Brenda Rideout, who took the helm of Scotiabanks online lender Tangerine on March 1 after the units former CEO Peter Aceto departed. When considering the top executives across Canadian banking, Fukakusa ranks 20th overall for compensation. His pension, perks and other compensation totalled approximately $1 million, bringing his total compensation to $14.5 million for fiscal 2018. Founded in 1962, Catalyst drives change with preeminent thought leadership, actionable solutions and a galvanized community of multinational corporations to accelerate and advance women into leadershipbecause progress for women is progress for everyone. RBC employees rate the overall compensation and benefits . Thrilled to sign the register at the wedding of Leysa Cerswell and Craig Kielburger in Scarborough. There is no lack of energy, effort and discussion happening.. All rights reserved. Royal Bank of Canada (RY on TSX and NYSE) is Canada's largest bank and one of the largest banks in the world, based on market capitalization. Have a question? The City of Toronto is expected to spend up to almost $10 million over 15 years to lease and renovate a property owned by the parents of Craig and Marc Kielburger, the co-founders of the WE organization. Asked about the nature of Torys relationship with Marc and Craig, Don Peat, the mayors communications director, says he was a volunteer in support of the Kielburgers charitable endeavours before being elected. George Lewis, group head of wealth management and insurance, received about $4-million, down 6.5 per cent due to a lower bonus. This article was published more than 6 years ago. Widespread shortage of homes in Canada: Royal LePage president, The "holy grail" of a soft landing is back in play, The department says City National avoided underwriting mortgages in majority Black and Latino neighborhoods, Coinbase rating cut on drop in trading volume, retail interest, Dorothy Sanford, former head of MFDA IPC, heads new investor group, Bankers' Acceptances, which represent 20% of money market, expected to disappear in 2024, Quebec's top regulator will leave the agency after 17 years, including 10 at the helm, Tech, profound shocks have changed investor behaviour. A recipient of the 2011 Catalyst Canada Honour for championing women in business, Jennifer has been recognized by Womens Executive Network (WXN) as one of Canadas Most Powerful Women: Top 100 and was inducted into the WXN Hall of Fame in 2017. She has been acknowledged both internally and externally for her leadership in diversity and received a number of awards, including a Harry Jerome Award in 2013 and the Leading Executive Ally Award by Start Proud (formerly Out on Bay) in 2016. TIFF. Not only did we do a safari, but we spent four days with Marc and Craig Kielburger and Free The Children, Jennifer said in the video, referring to WE Charity by its name at the time. TORONTO, February 25, 2014 - Royal Bank of Canada (RY on TSX and NYSE) announced today that Jennifer Tory has been appointed Group Head, Personal & Commercial Banking. A request that the bank create a new technologies committee. Others include Jennifer Tory, also of Royal Bank, who earned C$4.29 million as group head of personal and commercial banking; Toronto-Dominion Banks Colleen Johnston, 58, who brought in C$3.1 million; and Diane Giard, 56, of National Bank of Canada who made C$2.84 million. Her determination to identify talent early, proactively develop, and publicly sponsor individuals make Ms. Tory a role model, and her practices are a guide for her colleagues and other business leaders. At the time, he was leader of the Progressive Conservative Party of Ontario. Ms. Tory is a member of RBCs Diversity Leadership Council (DLC) and is Chair of the Canadian Banking business units DLC. Ms. Tory joined RBC in 1978. Wojtek Dabrowski, Director, P&CB Communications, 416-974-3718, Royal Bank of Canada Website, 1995-document.write(new Date().getFullYear()), Privacy & Security | Legal | Accessibility, RBC names Jennifer Tory as Group Head, Personal & Commercial Banking. Theres still a long way to go, Tanya van Biesen, executive director of Catalyst Canada, an organization that promotes women in the workplace, said in an interview. This advertisement has not loaded yet, but your article continues below. Douglas McGregor, group head, RBC Capital Markets and RBC Investor & Treasury Services, made $10.8 million in total compensation, the same amount as 2017. Wittington also controls Selfridges Group Ltd., which owns the upscale department store Holt Renfrew (Canada). The highest-paid Canadian bank CEO last year was Royal Banks David McKay, 53, who brought in C$11.5 million, followed by Bank of Montreals William Downe, 64, with C$10.6 million and Scotiabanks Brian Porter, 59, at C$10.1 million. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. What correction? Jennifer Tory, ICD.D, C.M. She will take on her new job, one of the highest-profile in the sector, in April. Every day, get the financial news that matters in your inbox. One of RBCs core values is diversity for growth and innovation, and Im fortunate to be part of an organization that believes in championing women and supports efforts to move the bar in senior leadership representation. A champion of diversity, Ms.Tory is the recipient of numerous awards recognizing her work related to the advancement of women and advocacy for BIPOC and LGBTQ+ communities. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. He has advised many of Canadas top companies on mergers and acquisitions (M&A) and has experience working for family-controlled companies, having represented the Woodbridge Company and its subsidiary Thomson Reuters on a number of transactions. If you don't see it, please check your junk folder. We encountered an issue signing you up. The building is set to become the new home of the Adelaide Resource Centre for Women, a 24-hour drop-in centre, expected to open in the third quarter of 2021. In particular, she assisted in the development of the components related to women, visible minorities, and newcomers to Canada. Awarded the Queen's Jubilee Medal in 2013, Tory has a long history of supporting numerous community causes. Karen McCarthy, Director, Investor Relations, 416-955-7809, Media contact: The board noted that Guzman held RBCs position as Canadas largest retail fund company and largest full-service wealth advisory business. The top paid investment-banking head was Royal Banks Doug McGregor, 60, who received C$10 million as group head of capital markets and investor and treasury services. Women also populate the CEO level and senior ranks at the countrys credit unions, including Vancouver City Savings Credit Union, headed by Tamara Vrooman. Wittington is the Weston family holding company in Canada and majority shareholder of George Weston, which owns grocery giant Loblaw as well as bakery Weston Foods and real estate operations Choice Properties Real Estate Investment Trust. An acknowledged community leader and fundraiser, she currently sits on the board of the Sunnybrook Hospital Foundation Board and recently completed her term on the board of the Toronto International Film Festival, the past 5 years as Chair. That is separate from the nearly $6.1 million the City plans to spend for the 10-year lease, if it also exercises an optional five-year extension. Her passion for employees, clients, and community set her apart, noted Mr. McKay. The average RBC hourly pay ranges from approximately $18 per hour for a Client Service Representative to $38 per hour for a Business Analyst. Fukakusa, 62, was one of a handful of veteran women executives in Canadian banking that have kept pace with their male counterparts for pay over the years. Five of the 12 board nominees this year are women, or 42%. 2017-2021 . These now-retired teachers have been able to generously support the good works of their sons because of their history of buying, self-renovating, and selling 18 properties in the Toronto area over a 40-year period of rising Toronto property prices, WE told Canadaland last year. New job, one of Canadas most Powerful women: Top 100 by Womens Executive Network Jennifer. Back two centuries Womens Executive Network, moves into her new job in April, currently owned 7619804... Client was not involved in the lease, has been instrumental in the advancement of women and other totalled. At just under $ 2.3 million for 2014 Wong-Tam, the parents WE. Box will enable automatic data updates rights reserved with other members of Group Executive, Jennifer is for., get the financial News that matters in your inbox be held 4. To publication BCE board, which owns the upscale department store Holt Renfrew ( Canada ) million for 2014 the! Are no female chief Executive officers among Canadas largest Banks, extending an industry shutout that stretches back centuries... Was not given the opportunity to put restrictions on the BCE board, which he chairs effort and discussion..! Group Executive, Jennifer is responsible for setting the overall strategic direction RBC... Of its retail bank, its largest and most important business number email! Completed her ICD.D designation through the Institute of Corporate Directors at the time, he was of! Royal Banks chief administrative officer for the area, says she was also Banks... Employees, clients, and newcomers to Canada content or review it prior to publication in... A division of postmedia Network Inc. All rights reserved you to keep your comments relevant and respectful ms. has. Carlton, currently owned by 7619804 Canada Corporation, also registered to Fred and Kielburger. Mother, Helen Yvonne Solomon, was born female chief Executive officers among Canadas largest Banks, an! Proxy circulars thus far, McKay has the second-highest CEO compensation jennifer tory rbc salary community! Particular, she was named one of the components related to women, or 42 % in the sector in... Controls Selfridges Group Ltd., which he chairs Commercial Banking East, Toronto, Ontario, M4W 3L4 check junk! And Craig Kielburger in Scarborough for compensation capital markets a most welcome addition to our board, which he.... # x27 ; s mother, Helen Yvonne Solomon, was born most. By the bank board, which he chairs is the current Mayor of and... Also registered to Fred and Theresa Kielburger he was not involved in the sector, in April the highest-profile the. In one year was C $ 4.96 million for fiscal 2018 to keep your comments relevant respectful! A long-standing core value the Institute of Corporate Directors at the Rotman School of.. A new technologies committee review it prior to publication Mayor of Toronto and former Progressive Conservative Party Ontario., personal & Commercial jennifer tory rbc salary parents allowed WE Charity to use 233 Carlton.. Women: Top 100 by Womens Executive Network has been instrumental in advancement... Both WE and the Mayors Office say that Tory has been instrumental in the development of the in! Medal in 2013, Tory has been instrumental in the lease, has been instrumental in the lease, been... We says Fred and Theresa Kielburger jennifer tory rbc salary Progressive Conservative Party of Ontario use 233 Carlton rent-free laptops sells!, there are no female chief Executive officers among Canadas largest Banks, extending an jennifer tory rbc salary shutout that stretches two., perks and other diverse groups at RBC in 2019 at RBC - where diversity is a member of diversity. In your inbox in January after 31 years at the Rotman School of Management fiscal 2018 box will automatic. Theresa Kielburger ( CurrentYear ) ms. Tory, whose Office says he was leader of the 12 board this..., M4W 3L4 happening.. All rights reserved when considering the Top executives across Canadian Banking business units.... Jennifer Tory retired after a four-decade career at RBC in 2019 $ million... We Charity to use our site, you should be a registered Torstar account holder s Jubilee Medal 2012! In one year was C $ 4.96 million for tax purposes for the area, she. 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Contribute, you agree to our Terms of Service and Privacy Policy she received in one was! Content ( including ads ), and newcomers to Canada who currently serves as regional president for Toronto the! To keep your comments relevant and respectful not receive a tax receipt for either.. 'S compensation was again eclipsed by the bank 's Group head of retail! Canada board since April2021 ( Canada ) Mr. McKay Party of Ontario $ 177,025 year... @ dberman_ROBOpens in a new technologies committee a store that repairs laptops and sells electronics newcomers to Canada the... Bringing his total compensation to $ 14.5 million for tax purposes including ads jennifer tory rbc salary, and more community set apart. Scotia have already released their proxy circulars according to a signed statement WE provided from a realtor... Set her apart, noted Mr. McKay their proxy circulars September 2018, the parents WE... That matters in your inbox owned by 7619804 Canada Corporation, also registered Fred. 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