Laurentian Bank of Canada - Incoming CEO, Rania Llewellyn
Incoming CEO, Rania Llewellyn
Source: National Post
  • Rania Llewellyn has become the first woman to lead a major Canadian bank following her appointment as President and CEO of Laurentian Bank (LB)
  • Effective from October 30, her appointment comes after a 26-year career at Scotiabank, where she held a number of senior positions
  • She holds a Bachelor of Commerce degree, an MBA and an honorary doctorate from Saint Mary’s University
  • Rania will take over from Stéphane Therrien, who had been acting as Interim CEO for the last four months
  • Laurentian Bank (LB) is currently up 0.076 per cent to C$26.34 per share at 10:04am EDT

Rania Llewellyn has become the first woman to lead a major Canadian bank, after being appointed President and CEO of Laurentian Bank (LB).

Effective from October 30, 2020, Rania will replace Stéphane Therrien, who had been acting as Interim CEO for the last four months.

Her appointment comes after a 26-year career with Toronto-based Scotiabank, where she began as a part-time teller and ultimately left as Executive Vice President of Global Business Payments.

Rania’s leadership in this position is credited with significantly improving customer experiences, while introducing new products which drove stronger business results.

In her time with Scotiabank, Rania also acted as Vice President of Multicultural Banking, Senior Vice President of Commercial Banking and Growth Strategy, Senior Vice President of Products and Services and Global Transaction Banking, and President and CEO of Roynat Capital.

Michelle Savoy, a director of Laurentian Bank who lead the committee tasked with identifying a new CEO, said Rania is the right leader to usher in a new era at the bank.

“Following a rigorous search process, we are confident she is the change agent this bank needs to address the headwinds it faces and to establish a foundation for future growth and success,” she said.

Born in Kuwait, Rania holds a Bachelor of Commerce degree, an MBA and an honorary doctorate from Saint Mary’s University.

Commenting on her appointment, Rania, said she is thrilled to join Laurentian Bank at a critical juncture in its history.

“This is a really exciting time for our industry, with rapidly changing customer expectations driven by new technologies and broader macro-economic uncertainties that are affecting our customers every day,” she added.

Laurentian Bank (LB) is currently up 0.076 per cent to C$26.34 per share at 10:04am EDT.

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