Laurentian Bank Financial Group is recognized within the Canadian banking industry as a pioneer in corporate governance. Notably, it was the first in 1987 to separate the functions of chairman of the Board of Directors from those of President and Chief Executive Officer. Moreover, its policies and corporate governance rules meet the highest standards of the Canadian banking and financial industry. All of the members of the Board of Directors, apart from the President and Chief Executive Officer, are independent and unaffiliated with management.
Governance and
Social Responsibility
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Board of Directors
Michael T. Boychuk, FCPA, FCA
Corporate Director
Has served on the Board of Directors since August 2013
Chair of the Board
Sonia Baxendale
Corporate Director
Has served on the Board of Directors since August 2016
Chair of the Governance and Compliance Committee and member of the Audit Committee
Andrea Bolger
Corporate Director
Has served on the Board of Directors since August 2019
Chair of the Risk Management Committee and member of the Human Resources Committee
Laurent Desmangles
Corporate Director
Has served on the Board of Directors since April 11, 2023
Member of the Risk Management Committee and member of the Governance and Compliance Committee
Suzanne Gouin
Corporate Director
Has served on the Board of Directors since April 2021
Member of the Risk Management Committee and member of the Human Resources Committee
David Mowat
Corporate Director
Has served on the Board of Directors since August 2019
Chair of the Human Resources Committee and member of the Audit Committee
ÉRIC PROVOST
President and Chief Executive Officer
Mr. Provost has been at Laurentian Bank for over a decade. Most recently, he served as Group Head of Personal and Commercial Banking.
Mr. Provost has a proven track record of delivering world class customer service. Under his leadership, two of the Bank’s Commercial Banking specialties have achieved a “world-class” Net Promoter Score (NPS) rating, and another is ranked “excellent.” This is a direct result of the Commercial Banking team’s close proximity to their customers and their unparalleled proactive approach; they put customers at the centre of all organizational decisions and ensure they have the right expertise, products, and solutions to offer best-in-class service for their customers.
Mr. Provost holds a master’s degree in finance from the Université du Québec à Montréal. Prior to joining Laurentian Bank in 2012, he held various senior management positions over a 12-year period at a leading commercial lender including Vice President – Commercial, Manufacturing sector for Eastern Canada, as well as Vice President, Commercial Excellence.
Michelle R. Savoy
Corporate Director
Has served on the Board of Directors since March 2012
Member of the Governance and Compliance Committee and member of the Risk Management Committee
Susan Wolburgh Jenah
Corporate Director
Has served on the Board of Directors since December 2014
Member of the Audit Committee and member of the Governance and Compliance Committee
Nicholas Zelenczuk
Corporate Director
Has served on the Board of Directors since May 2020
Member of the Audit Committee and member of the Risk Management Committee
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Executive Committee
ÉRIC PROVOST
President and Chief Executive Officer
Mr. Provost has been at Laurentian Bank for over a decade. Most recently, he served as Group Head of Personal and Commercial Banking.
Mr. Provost has a proven track record of delivering world class customer service. Under his leadership, two of the Bank’s Commercial Banking specialties have achieved a “world-class” Net Promoter Score (NPS) rating, and another is ranked “excellent.” This is a direct result of the Commercial Banking team’s close proximity to their customers and their unparalleled proactive approach; they put customers at the centre of all organizational decisions and ensure they have the right expertise, products, and solutions to offer best-in-class service for their customers.
Mr. Provost holds a master’s degree in finance from the Université du Québec à Montréal. Prior to joining Laurentian Bank in 2012, he held various senior management positions over a 12-year period at a leading commercial lender including Vice President – Commercial, Manufacturing sector for Eastern Canada, as well as Vice President, Commercial Excellence.
SÉBASTIEN BÉLAIR
Executive Vice President, Chief Administrative Officer
As Executive Vice President and Chief Administrative Officer, Sébastien Bélair is responsible of the Bank’s strategy of engaging and empowering employees to work collaboratively as One Team. His focus is on building high-performing teams in an inclusive workplace where employees feel both inspired and proud to work.
Over his 30-year career in banking, Mr. Bélair served in a number of senior leadership roles, including as SVP, Human Resources Strategy and Efficiency at a leading Canadian financial institution. He has developed an in-depth knowledge of several sectors of activity, having worked in retail banking, call centres, operations, relationship management and transformation. He has a proven track record of driving results, finding innovative solutions and promoting diversity in the workplace.
Mr. Bélair holds a Bachelor of Commerce in Administration from HEC Montréal and an Executive Master of Business Administration from Queen’s University.
BINDU CUDJOE
Executive Vice President, Chief Legal Officer and Corporate Secretary
Bindu Cudjoe is Executive Vice President, Chief Legal Officer and Corporate Secretary for Laurentian Bank of Canada leading, managing, and overseeing the Bank’s legal, regulatory and compliance functions as well as matters related to corporate governance and reputational risks.
Before joining Laurentian Bank, Ms. Cudjoe held the position of Senior Vice President, General Counsel & Corporate Secretary at Canadian Western Bank (CWB). Previously, Ms. Cudjoe worked in increasingly senior positions at BMO Financial Group and practised law at both Borden Ladner Gervais and McMillan LLP, where she served as partner.
Bindu Cudjoe holds a Bachelor of Laws (LLB) from the University of Toronto and a Bachelor of Commerce from the University of Calgary.
YVAN DESCHAMPS
Executive Vice President, Chief Financial Officer
Yvan Deschamps is Executive Vice President, Chief Financial Officer. In this capacity, he is responsible for activities related to finance, accounting, treasury, taxation, investor relations and corporate development.
Mr. Deschamps joined the Bank in 2016 as Vice President, Corporate Development where he was responsible for evaluating M&A projects as part of the Bank’s strategic plan as well as overseeing investor relations. He then served as Senior Vice President, Finance, Accounting and Corporate Development gradually on-boarding additional responsibilities as part of a transition to his current role. Yvan’s 25+ year career spans the banking and financial sectors; media and telecommunications industries; pension funds and private equity; and aerospace and defense industries. He is recognized for his business acumen, negotiating skills and leadership in managing multi-disciplinary teams.
Mr. Deschamps holds a Bachelor of Business Administration and an M.Sc. Finance from the University of Sherbrooke. He is also a Certified Professional Accountant (CPA).
KELSEY GUNDERSON
Executive Vice President, Capital Markets
Kelsey Gunderson is Executive Vice President, Capital Markets and President and Chief Executive Officer of Laurentian Bank Securities. He is responsible for all the Group’s capital markets activities.
With 25 years of experience in the financial industry, Mr. Gunderson has held various management positions with major financial institutions and brokerage firms in Canada and the United States. He has developed a strategic vision and extensive expertise in capital markets and with institutional clients. He joined the organization in 2019.
Mr. Gunderson holds a Bachelor of Science from the University of British Columbia and an MBA from McMaster University, School of Business.
WILLIAM MASON
Executive Vice President, Chief Risk Officer
William Mason is Executive Vice President, Chief Risk Officer for the Group and is responsible for risk management, credit management and legal affairs.
Prior to joining the Group, Mr. Mason held the position of Managing Director, Bank Supervision with the Office of the Superintendent of Financial Institutions (OSFI). He has also spent more than 30 years with financial institutions in various senior management roles including asset liability management, risk management, treasury and capital markets.
ESG Report
Donation
Laurentian Bank Financial Group has always been actively involved in local communities by way of its donations to non-profit organizations. We participate in socioeconomic life by offering the financial products and services needed by individuals and businesses, as well as by thinking globally and acting locally as a socially responsible corporate citizen.
DONATION PROGRAM
We are committed to corporate responsibility via the donations it makes to a diverse range of organizations active in the communities in which we operate. More specifically, we support initiatives that can generate significant benefits for local communities.
HOW TO SUBMIT A REQUEST FOR A DONATION
Given the large number of requests received daily, only organizations whose requests have been accepted will be contacted.
We encourage you to consult the list of ineligible requests before submitting yours.
Please fill out the request form and submit by e-mail to:
Donation@lbcfg.ca