MONTRÉAL, May 23, 2024
/CNW/ - Laurentian Bank (TSX: LB) (the "Bank") today announced the
upcoming retirement of William
Mason, Executive Vice President and Chief Risk Officer. Mr.
Mason has been an integral part of the Bank since 2018, playing a
pivotal role in fostering a robust risk-aware culture and driving
long-term business success.
During his tenure, Mr. Mason spearheaded initiatives that
prioritized resilience and adaptability, ensuring effective credit
origination through strong adjudication, prudent loss reserving,
and comprehensive credit portfolio management. His leadership has
been instrumental in safeguarding Laurentian Bank's stability and
growth.
Laurentian Bank is pleased to announce the appointment of
Christian De Broux as the new Chief Risk Officer, starting
June 17, 2024. Mr. De Broux
returns to Laurentian Bank with extensive experience and a deep
understanding of its ecosystem, having played a fundamental role in
key strategic initiatives during his previous tenure.
"We are excited to welcome Christian back to Laurentian Bank,
his expertise and experience in risk management will be crucial as
we navigate the future." said Éric Provost, President and CEO of
Laurentian Bank. "We thank William for his dedication and wish him
the very best as he embarks on this new chapter of his life."
To ensure a smooth transition, Mr. Mason will remain with
Laurentian Bank as Special Advisor to the CEO, CRO, and the Board
until the end of the fiscal year, while supporting Mr.
De Broux in his new role.
About Laurentian Bank
At Laurentian Bank, we believe we can change banking for the
better. By seeing beyond numbers.
Founded in Montréal in 1846, Laurentian Bank helps families,
businesses and communities thrive. Today, we have approximately
3,000 employees working together as one team, to provide a broad
range of financial services and advice-based solutions for
customers across Canada and
the United States.
We protect, manage and grow $48.1
billion in balance sheet assets and $26.5 billion in assets under administration. We
drive results by placing our customers first, making the better
choice, acting courageously, and believing everyone belongs.
SOURCE Laurentian Bank of Canada