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Laurentian Bank Financial Group - Governance and Social Responsibility

Governance and
Social Responsibility

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
  • Board of Directors
    Michael Mueller

    Corporate Director

    Has served on the Board of Directors since December 2018

    Chair of the Board


    Sonia Baxendale

    Corporate Director

    Has served on the Board of Directors since August 2016

    Chair of the Risk Management Committee and member of the Human Resources and Corporate Governance Committee


    Andrea Bolger

    Corporate Director

    Has served on the Board of Directors since August 2019

    Member of the Risk Management Committee and member of the Human Resources and Corporate Governance Committee


    Michael T. Boychuk, FCPA, FCA

    Corporate Director

    Has served on the Board of Directors since August 2013

    Chair of the Audit Committee and member of the Risk Management Committee


    Suzanne Gouin

    Corporate Director

    Has served on the Board of Directors since April 2021

    Member of the Risk Management Committee


    Rania Llewellyn

    President and Chief Executive Officer

    Has served on the Board of Directors since October 2020

    Ms. Llewellyn does not sit on any of the Board’s Committees


    David Morris, CPA, CA

    Corporate Director

    Has served on the Board of Directors since October 2017

    Member of the Audit Committee


    David Mowat

    Corporate Director

    Has served on the Board of Directors since August 2019

    Member of the Audit Committee and member of the Human Resources and Corporate Governance Committee


    Michelle R. Savoy

    Corporate Director

    Has served on the Board of Directors since March 2012

    Chair of the Human Resources and Corporate Governance 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 Human Resources and Corporate Governance 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


  • Committees of the Board
    Audit Committee

    Mandate of the Audit Committee (PDF | 27 Ko)

    Members of the Audit Committee
    Michael T. Boychuk – Chair
    David Morris
    David Mowat
    Susan Wolburgh Jenah
    Nicholas Zelenzcuk

    Risk Management Committee

    Mandate of the Risk Management Committee (PDF | 27 Ko )

    Members of the Risk Management Committee
    Sonia Baxendale – Chair
    Andrea Bolger
    Michael T. Boychuk
    Suzanne Gouin
    Nicholas Zelenzcuk

    Human Resources and Corporate Governance Committee

    Mandate of the Human Resources and Corporate Governance Committee (PDF | 27 Ko )

    Members of the Human Resources and Corporate Governance Committee
    Michelle R. Savoy – Chair
    Sonia Baxendale
    Andrea Bolger
    David Mowat
    Susan Wolburgh Jenah

  • Executive Committee
    RANIA LLEWELLYN

    President and Chief Executive Officer

    Rania Llewellyn was appointed President and Chief Executive Officer and member of the Board of Directors of the Laurentian Bank of Canada on October 30th, 2020. She is the first woman to lead a major chartered bank in Canada.

    With more than 25 years of experience in the banking industry, Ms. Llewellyn previously served as Executive Vice President, Global Business Payments at a leading Canadian financial institution, where she began her career as a part-time teller. Over the years, she rose through the ranks and held a variety of progressively senior positions such as Vice President, Multicultural Banking; President & CEO of an important subsidiary in commercial lending; Senior Vice President, Commercial Banking, Growth Strategy; and Senior Vice President, Products and Services, Global Transaction Banking.

    Her focus on improving customer experience, driving growth and shareholder value has earned her recognition and several industry awards.

    Born in Kuwait to an Egyptian father and Jordanian mother, Ms. Llewellyn immigrated to Canada from Egypt in 1992 after the Gulf War. She holds a Bachelor of Commerce degree, an MBA and an honorary doctorate from Saint Mary’s University.

     


    KARINE ABGRALL-TESLYK

    Executive Vice President, Head of Personal Banking

    As Executive Vice President, Head of Personal Banking, Karine Abgrall-Teslyk leads Laurentian’s “One Team” approach to Personal Banking, which includes the Quebec branch network, Products, Marketing, Digital Banking and B2B Bank.

    Ms. Abgrall-Teslyk has 25 years of financial services experience, including retail distribution, transformation strategy, sales effectiveness, commercial banking and wealth management.

    Prior to joining Laurentian Bank, Ms. Abgrall-Teslyk served as a Regional Vice President at a leading Canadian financial institution, heading one of its largest workforces to gain among the highest regional market share growth in 2020. She also grew its online brokerage business by implementing a customer focused culture and agile mindset, and previously served as a District Vice President in the Quebec & Eastern Ontario Region. Ms. Abgrall-Teslyk spent the majority of her career in Quebec at another major Canadian Bank in progressively senior roles. She has proven track record of designing and implementing significant transformational programs at both financial institutions.

    Karine Abgrall-Teslyk holds a Bachelor of Commerce and an MBA from HEC Montreal.


    SÉBASTIEN BÉLAIR

    Executive Vice President, Chief Human Resources Officer

    As Executive Vice President, Chief Human Resources 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.


    YVES DENOMMÉ
    YVES DENOMMÉ

    Executive Vice President, Operations

    Yves Denommé is Executive Vice President, Operations. In this capacity, Mr. Denommé is responsible for driving efficiencies across the organization, reducing complexities and improving and streamlining end-to-end processes to improve the customer experience.

    Before joining the Bank, Mr. Denommé served as Senior Vice President of Registries at an international leader and pioneer in electronic land registration systems and commerce. In that role, he oversaw partnerships with government to deliver essential services, while pursuing a growth and innovation mandate in the real estate and property markets. Previously, he spent 16 years with a global Fintech leader where he held several executive positions including leadership of global operations. Mr. Denommé’s experience spans financial services, operations, strategy, procurement, real estate, enterprise project management and technology.

    Mr. Denommé holds a Bachelor’s degree in Engineering and Management from McMaster University, and an Executive Master of Business Administration from the University of Toronto. Additionally, he holds the Chartered Director certification.


    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.


    ÉRIC PROVOST

    Executive Vice President, Head of Commercial Banking and President, Quebec Market 

    As Executive Vice President, Head of Commercial Banking, Éric Provost is responsible for leading the Commercial Business Services activities in offering comprehensive financing solutions and expertise to businesses through real estate financing, commercial banking, as well as equipment and inventory financing.  These activities cover a range of different sectors across Canada and the U.S., including Transportation, Construction, Technology and Office Equipment, Manufacturing, Corporate Aviation and Recreational Products. He also serves as the CEO’s key lieutenant in the Quebec market and advises the CEO on ways to grow the Bank’s presence and market share in Quebec.

    Prior to joining Laurentian Bank in 2012, Éric 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.


  • Policies and Other Related Documents
Social Responsibility
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