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Canadian retail banking - title heirarchy at executive level

  • Last Updated:
  • Feb 8th, 2019 11:58 pm
[OP]
Newbie
Feb 7, 2019
2 posts
1 upvote

Canadian retail banking - title heirarchy at executive level

In the US and other countries, the hierarchy goes from AVP, VP, SVP all the way to Exec Director and then finally Managing Director. MD is the head of things.

However, in Canada, in retail banking it seems this is somewhat topsy turvy. ED and MD are somewhere on the road to SVP. Is this true? Where can I find the hierarchy of these titles?
3 replies
Sr. Member
Jan 1, 2017
627 posts
431 upvotes
more8458 wrote:
Feb 8th, 2019 2:02 pm
In the US and other countries, the hierarchy goes from AVP, VP, SVP all the way to Exec Director and then finally Managing Director. MD is the head of things.

However, in Canada, in retail banking it seems this is somewhat topsy turvy. ED and MD are somewhere on the road to SVP. Is this true? Where can I find the hierarchy of these titles?
In the US they give out the title VP like candy. Most VPs in the US are just client facing roles and give them out so people look important to clients.

In Canada it typically goes Director —> Senior Director—> VP—>SVP or sometimes instead of Senior Director the title AVP is being used.
[OP]
Newbie
Feb 7, 2019
2 posts
1 upvote
Thank you. Where in this hierarchy are Managing Director?
Sr. Member
Jan 1, 2017
627 posts
431 upvotes
Managing Director is typically used in the wealth management side and it is equivalent to a Director. Executive Director is typically equivalent to Senior Director / AVP and it is again used on the wealth management side.

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