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Alumni: Giving U of T more reasons to be proud

Alumni Portraits
Janice Fukakusa
Current Industry: Business
Bachelor of Arts (BA) 1976, Victoria College

As Chief Administrative Officer and CFO of the Royal Bank of Canada, the country’s largest financial institution, Fukakusa is one of eight executives responsible for setting the overall strategic direction of RBC.

She graduated from in 1976 with a BA in Political Science from Victoria College before obtaining her MBA from the Schulich School of Business. She joined RBC in 1985 and in 2007 was inducted into Canada’s Most Powerful Women Hall of Fame.

She believes that diversity and inclusion provides an advantage in attracting, developing and retaining top talent and ensuring RBC’s continued growth in Canada and around the world. While RBC is proud of its past and current diversity activities, Fukakusa says that they can – and will – do better.

"Diversity and inclusion is something we want to get right. A diverse workforce is able to create innovative and effective solutions that enable us to better respond to the needs of our increasingly multiethnic, multilingual client base – many of whom are women who today play an important role in financial decision-making. It’s the right thing but also the smart thing to do and it’s something that we are passionate about."

Fukakusa, who is also a board member of the Princess Margaret Hospital Foundation, says the role her parents played in her upbringing led to her success. “My dad had a strong work ethic, entrepreneurial spirit and a dedication to creating his own success.”

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