Skip to main content
Open this photo in gallery:

A Laurentian Bank sign stands outside a branch in Montreal on June 21, 2016.Paul Chiasson/The Canadian Press

Laurentian Bank says chief financial officer François Laurin is retiring and will be replaced by Yvan Deschamps in April.

The bank says Mr. Deschamps joined its ranks in 2016 and has been senior vice-president of finance, accounting and corporate development since 2017.

Before that, Mr. Deschamps worked at CAE Inc., Caisse de dépôt et placement du Québec and Bell Canada.

The leadership change comes after Rania Llewellyn took over as chief executive last fall.

Ms. Llewellyn says that Mr. Laurin, who has helped lead the bank’s financial team for five years, decided to retire last year but opted to stay on during her acclimatization as new CEO.

Ms. Llewellyn says Mr. Laurin leaves the bank, which has $27.8-billion in assets under administration and 2,900 employees, with strong capital and liquidity positions.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.

Report an editorial error

Report a technical issue

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 21/11/24 4:00pm EST.

SymbolName% changeLast
LB-T
Laurentian Bank
+0.25%28.5

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe