PriceSensitive

Laurentian Bank of Canada (TSX:LBT) appoints new CFO and Executive VP

Finance
TSX:LB
08 January 2021 14:38 (EDT)

(Source: Laurentian Bank.)

Laurentian Bank of Canada (LBT) has appointed Yvan Deschamps to Executive Vice President and Chief Financial Officer.

Deschamps will take on his new positions by April and succeeds François Laurin.

Laurin said it’s been a privilege to help lead the bank over the last five years.

“I am confident that Yvan will be highly successful in his new role,” he added.

According to the company’s press release, Deschamps has more than 25 years of leadership experience in finance and corporate development.

He joined the Bank as Vice President, Corporate Development in 2016 and has served as Senior Vice President, Finance, Accounting & Corporate Development since 2017.

Before joining Laurentian, Deschamps served in progressively senior roles at Real Ventures, CAE Inc., Caisse de dépôt et placement du Québec, and Bell Canada. He holds the CPA, CGA designation and is a graduate of the University of Sherbrooke, where he obtained a B.B.A. and an M.Sc. in Finance.

Laurentian Bank President and CEO Rania Llewellyn said she looks forward to welcoming Deschamps to the company’s executive committee.

“Together we will build One Bank to provide long-term sustainable value to our customers, our communities and our shareholders,” Llewellyn said.

Laurentian Bank is down 0.64 per cent and is trading at C$32.46 per share at 12:57pm EST.

Related News