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

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  • Board of Directors
    Michael Mueller

    Corporate Director

    Has served on the Board of Directors since December 2018

    Chair of the Board


    Lise Bastarache

    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


    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


    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


    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


    Michelle R. Savoy

    Corporate Director

    Has served on the Board of Directors since March 2012

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


    Nicholas Zelenczuk

    Corporate Director

    Has served on the Board of Directors since May 2020


  • Committees of the Board
    Audit Committee

    Mandate of the Audit Commitee (PDF | 27 Ko)

    Members of the Audit Committee
    Michael T. Boychuk – Chair
    Lise Bastarache
    David Morris
    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
    Lise Bastarache
    Andrea Bolger
    Michael T. Boychuk
    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 Scotiabank, 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 at Scotiabank such as Vice President, Multicultural Banking; President & CEO of Roynat Capital; 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.

     


    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.

     


    FRANÇOIS LAURIN, FCPA, FCA, CFA

    Executive Vice President, Finance, Treasury and Chief Financial Officer

    François Laurin is responsible for the Group’s activities in the areas of finance, accounting, treasury, taxation, investor relations, mergers and acquisitions. With more than 30 years of experience, he has held several senior positions throughout his career. He has worked in the financial, mining, telecommunications and technology sectors. He joined the organization in 2015.

    Mr. Laurin has earned the title of Fellow of the Ordre des comptables professionnels agréés du Québec (FCPA) and is a Chartered Financial Analyst (CFA).


    WILLIAM MASON

    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.


    DEBORAH ROSE

    Executive Vice President and Chief Operating Officer

    Deborah Rose is responsible for the administration, technology and operational activities of the Group. She is also the Chief Information Officer for Laurentian Bank Financial Group and the President and Chief Executive Officer of LBC Tech. Prior to joining the Group in 2011, Ms. Rose was Senior Vice President, Business Operations at International Financial Data Services.

    Her career in the financial services industry spans over 25 years. In 2017, she was named one of Canada’s 100 Most Powerful Women by the Women’s Executive Network.


    STÉPHANE THERRIEN

    Executive Vice President, Personal & Commercial Banking

    Stéphane Therrien has led the Business Services unit since 2012, the year he joined the organization.  In 2015, he was also appointed as head of the Bank’s Retail Services.  He is responsible for all commercial activities in Canada as well as for the retail branch network in Quebec.

    An experienced manager, he has a proven track record in the Canadian financial sector, having held several management positions over his nearly 30-year career.  Mr. Therrien is also President and Chief Executive Officer of LBC Financial Services.

     

     


  • 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