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.
Board of Directors
Has served on the Board of Directors since December 2018
Chair of the Board
Economist and Corporate Director
Has served on the Board of Directors since March 2006
Member of the Audit Committee and member of the Risk Management Committee
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
Has served on the Board of Directors since August 2019
Member of the Risk Management Committee and of the Human Resources and Corporate Governance Committee
Michael T. Boychuk, FCPA, FCA
Has served on the Board of Directors since August 2013
Chair of the Audit Committee and Member of the Risk Management Committee
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
Has served on the Board of Directors since October 2017
Member of the Audit Committee
Has served on the Board of Directors since August 2019
Member of the Human Resources and Corporate Governance Committee
Michelle R. Savoy
Has served on the Board of Directors since March 2012
Chair of the Human Resources and Corporate Governance Committee
Susan Wolburgh Jenah
Has served on the Board of Directors since December 2014
Member of the Audit Committee and of the Human Resources and Corporate Governance Committee
Has served on the Board of Directors since May 2020
Member of the Audit Committee and of the Risk Management Committee
Committees of the Board
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.
Executive Vice President and Chief Human Resources Officer
As Executive Vice President and 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-peforming 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.
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.
Executive Vice President and Chief Financial Officer
Yvan Deschamps is Executive Vice President and 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).
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.
Executive Vice President and Chief Risk Officer
William Mason is Executive Vice President and 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.
Executive Vice President, Commercial Banking
As Executive Vice President, Commercial Banking, Éric Provost is responsible for leading the Commercial Business Services activities in offering comprehensive financing solutions and expertise to businesses through equipment and inventory financing and commercial banking. 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.
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
Laurentian Bank’s 2020 Social Responsibility Report is now available, providing an overview of the activities and accomplishments that marked the past fiscal year. The Report serves as an excellent reference for the Bank’s various stakeholders – shareholders, clients, employees and communities – and presents an overview of our environmental, social and governance (ESG) achievements of the past year.Download the 2020 Social Responsibility Report
- 2020 Report
- 2020 Social Responsibility Report
- 2019 Report
- 2019 Social Responsability Report
- 2018 Report
- 2018 Social Responsibility Report
- 2017 Report
- 2017 Social Responsibility Report
- 2016 Report
- 2016 Social Responsibility Report
- 2012 Report
- 2012 Social Responsibility Report
- 2011 Report
- 2011 Social Responsibility Report
- 2010 Report
- Complete 2010 Social Responsibility Report
- 2009 Report
- Complete 2009 Social Responsibility Report
- Section 1: Message from the President and Chief Executive Officer
- Section 2: Laurentian Bank: A Winning Combination of Solidity and Agility
- Section 3: Our Responsibility to Our Clients
- Section 4: Our Responsibility to Communities
- Section 5: Our Business Practice and Management Responsibilities
- Section 6: Our Responsibility to Our Employees
- Appendices 1, 2, 3, 4, 5 and 6
- 2008 Report
- Complete 2008 Social Responsibility Report
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.
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.
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.