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Laurentian Bank of Canada (LB.TO)

LB.TO on Toronto Stock Exchange

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3 Jun 2020
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Summary

Name Age Since Current Position

Michael Mueller

59 2019 Chairman of the Board

Francois Desjardins

48 2015 President, Chief Executive Officer, Non-independent Director

Francois Laurin

2018 Chief Financial Officer, Executive Vice-President - Finance, Treasury, Capital Markets

Deborah Rose

2018 Executive Vice President, Chief Operating Officer, Chief Information Officer

Liam Mason

2018 Executive Vice President, Chief Risk Officer

Craig Backman

2018 Executive Vice President - Personal Digital Banking, President and Chief Executive Officer - B2B Bank

Kelsey Gunderson

2019 Executive Vice President, Capital Markets and President and Chief Executive Officer of Laurentian Bank Securities

Stephane Therrien

2015 Executive Vice-President - Personal & Commercial Banking, Laurentian Bank and President and Chief Executive Officer - LBC Financial Services

Andrea Bolger

2019 Director

David Mowat

2019 Director

Lise Bastarache

55 2006 Independent Director

Sonia Baxendale

56 2016 Independent Director

Michael Boychuk

63 2013 Independent Director

David Morris

64 2017 Independent Director

Michelle Savoy

59 2012 Independent Director

Susan Wolburgh Jenah

63 2014 Independent Director

Susan Cohen

2018 Director - Investor Relations

Biographies

Name Description

Michael Mueller

Mr. Michael P. Mueller is Chairman of the Board of the company. Mr. Mueller joined the Bank as Vice Chair of the Board in December 2018 and he is a senior corporate director who has a strong track record. Mr. Mueller was the Chairman of PSP Investments (Public Sector Pension Investment Board) until January 2018. Mr. Mueller is currently Chairman of Revera and Mercal Capital Corporation. He is also on the board of Medexus Pharmaceuticals, Gensource Potash Corp., Smarter Alloys Inc. and Emily's House. From 2003 to 2005, he was President and Chief Executive Officer of MDS Capital Corporation. Prior to that, Mr. Mueller held a series of senior positions at TD Bank Financial Group, including Senior Vice President and Country Head of its USA Division, Executive Vice President of Global Credit and Vice Chairman and head of Global Investment Banking. Mr. Mueller is a former director of MDS Capital Corporation, the Canadian Medical Discoveries Funds I and II, the British Columbia Medical Innovations Fund and Medical Discoveries Management Corporation and Health Ventures.

Francois Desjardins

Mr. Francois Desjardins serves as President, Chief Executive Officer, Non-independent Director of Laurentian Bank of Canada. Mr. Desjardins holds a Bachelor’s degree in Business Administration. He has held several positions with Retail Services and B2B Bank throughout his career. As President and Chief Executive Officer of B2B Bank, Mr. Desjardins was responsible for financial services offered through independent financial advisors and mortgage brokers throughout Canada. As Executive Vice-President, Retail Services, he was responsible for the Retail Services sector. He was named Chief Operating Officer of the Bank on February 28, 2015 and became President and Chief Executive Officer on November 1, 2015.

Francois Laurin

Mr. Francois Laurin serves as Chief Financial Officer, Executive Vice-President - Finance, Treasury, Capital Markets of the Company, since May 1, 2018. François Laurin is responsible for the Group’s activities in the areas of finance, accounting, treasury, taxation, investor relations, mergers and acquisitions, and capital markets. 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 is also a director and Chair of the Board of Directors of Laurentian Bank Securities. He has earned the title of Fellow of the Ordre des comptables professionnels agréés du Québec (FCPA) and is a Chartered Financial Analyst (CFA).

Deborah Rose

Ms. Deborah Rose is Executive Vice President, Chief Operating Officer, Chief Information Officer of the Company since June 21, 2018. Ms. 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.

Liam Mason

Mr. Liam Mason has been appointed Executive Vice President and Chief Risk Officer of the Company. Since 2016, Liam held the position of Managing Director in a Lead Supervisor role at OSFI. Previously, he spent eighteen years in various senior roles at CIBC, most notably Senior Vice-President, Head of Asset-Liability Management and Senior Vice President, Risk Management. Before joining CIBC, Liam spent ten years with JP Morgan in New York in the Treasury and Capital Markets areas. Liam is a graduate of the University of Toronto, where he received his B.Sc. and M.Sc. in Mathematics and Statistics. He also holds an MBA degree from Cornell University's Johnson Graduate School of Management.

Craig Backman

Mr. Craig Backman is Executive Vice President - Personal Digital Banking, President and Chief Executive Officer - B2B Bank of the Laurentian Bank Financial Group., a subsidiary of the Company. A seasoned executive, Engineer and MBA in Marketing and Entrepreneurial studies, Craig started his career in 1984 with Procter & Gamble where he built his expertise in marketing and brand management. He joined RBC in 1997 and, for the next ten years, progressed through several marketing roles, ultimately serving as Vice President, Marketing Strategy. In this role, he also led RBC's first incursion in online and digital. After spending four years at a marketing agency where he redirected the marketing strategy to align with digital, he returned to the banking industry in 2012 as Vice President, Digital for the Wealth Business at TD Bank. Prior to joining LBCFG, he was responsible for all digital strategy across the Canadian lines of business and successfully championed the digital agenda across TD Bank.

Kelsey Gunderson

Mr. Kelsey Gunderson is Executive Vice President, Capital Markets and President and Chief Executive Officer of Laurentian Bank Securities of the company. Mr. Gunderson has over 25 years of experience in the financial industry, largely in management positions. Until recently, he acted as Global Head of Trading Products at BMO Capital Markets where he held various management positions for more than a decade. He is a graduate of the University of British Columbia, with a B.Sc. in Microbiology. He also holds an MBA degree from McMaster School of Business.

Stephane Therrien

Mr. Stephane Therrien serves as Executive Vice-President, Personal & Commercial Banking, Laurentian Bank and President and Chief Executive Officer, LBC Financial Services of Laurentian Bank of Canada. Mr. Stéphane Therrien has led the Business Services unit since 2012, the year he joined Laurentian Bank. In 2015, he was also appointed to head the Bank’s Retail Services unit. He is a seasoned manager with almost 30 years of experience in the financing sector. He previously worked for 18 years at GE Capital where he successfully held various senior management positions including seven years as Chief Commercial Officer, Canada. On June 4, 2015, Mr. Stéphane Therrien took over the Personal Banking unit, thus becoming Executive Vice-President, Personal and Commercial Banking.

Andrea Bolger

Ms. Andrea E. Bolger is Director of the company. Ms. Bolger is a seasoned Executive and Board member with broad experience and a record of accomplishment with the largest financial institution in Canada. She possesses deep expertise in strategic leadership and enterprise-wide risk management as well as an extensive understanding of commercial banking and wealth management

David Mowat

Mr. David L. Mowat is Director of the company. Mr. Mowat most recently served as President and CEO of Alberta's largest financial institution. Under his leadership, the company has reinvigorated its brand and strategic plan and replaced its banking system and IT infrastructure. His background is in banking and the venture capital markets, with more than 30 years of experience. He is active in numerous community organizations and recently chaired the Royalty Review task force in Alberta

Lise Bastarache

Ms. Lise Bastarache is Independent Director of Laurentian Bank Of Canada. Ms. Bastarache holds a master’s degree and has pursued doctoral studies in Economics. From 2001 to 2005, she was Quebec Regional Vice-President, Private Banking at RBC Financial Group. From 2004 to 2007, Ms. Bastarache sat on NB Power’s Board of Directors. She was also a member of the Board of Governors of the Université de Moncton and Chair of its Finance Committee from 2004 to 2013.

Sonia Baxendale

Ms. Sonia A. Baxendale is Independent Director of the Company. Ms. Baxendale joined the Global Risk Institute, a non-profit, public and private partnership, focused on the management of risks in financial services on January 7, 2018. Ms. Baxendale holds a B.A. degree from the University of Toronto and, in 2014, received the ICD.D Director designation from the Institute of Corporate Directors. Ms. Baxendale was President, CIBC Retail Banking and Wealth Management and Senior Executive Vice-President, from 2005 to 2011. From 1992 to 2005, Ms. Baxendale held various leadership roles at CIBC, including Senior Executive Vice-President, CIBC Wealth Management, Executive Vice-President, Asset Management, Card Products and Collections, Executive Vice-President, Global Private Banking & Investment Management Services and Managing Director, CIBC Wood Gundy. Prior to her executive positions with CIBC, Ms. Baxendale held increasingly senior positions with Amex Bank of Canada and Saatchi & Saatchi Compton Hayhurst. Ms. Baxendale is a member of the Board of Directors and Chair of the Human Capital and Governance Committee and member of the Risk Committee of Foresters Insurance. She is also a member of the Board of Directors of both the Hospital for Sick Kids Foundation and the Toronto Artscape Inc.

Michael Boychuk

Mr. Michael T. Boychuk is Independent Director of Laurentian Bank Of Canada. Mr. Boychuk is a chartered professional accountant since 1979, Mr. Boychuk became a Fellow of the Ordre des comptables professionnels agréés du Québec in 2012. From July 2009 until his retirement in June 2015, he was President of Bimcor Inc., the pension fund investment manager for the BCE Inc./Bell Canada group of companies. From 1999 to 2009, he was Senior Vice-President and Treasurer of BCE Inc./Bell Canada, responsible for all treasury, corporate security as well as environment and sustainability activities, and for the BCE Group of companies’ pension plans. Mr. Boychuk is a member of the Board of Governors and Chair of McGill University’s Audit Committee. He also serves on the International Advisory Committee of McGill University’s Faculty of Management. Mr. Boychuk is a member of the Board of Directors of The Cadillac Fairview Corporation Limited. He sits on the Investment Committee of the J.W. McConnell Family Foundation and the Nunavut Trust.

David Morris

Mr. David Morris, CPA is Independent Director of the Company. Mr. Morris is Chartered professional accountant since 1975. Mr. Morris is a member of the Canadian Institute of Chartered Accountants. Mr. Morris recently retired as a senior audit partner at Deloitte LLP after serving over 41 years with the firm. He graduated from McGill University. Mr. Morris was an audit partner serving large global financial institutions in the Banking and Insurance industries. Since 2016, he sits on the Board of Directors of ECN Capital Corp. and chairs it Audit Committee.

Michelle Savoy

Ms. Michelle R. Savoy serves as Independent Director of Laurentian Bank Of Canada. Ms. Savoy is the former President of Capital Guardian (Canada) Inc., a subsidiary of The Capital Group of Companies, a global investment management organization. During her 27 year career in financial services, Ms. Savoy held numerous senior global executive leadership roles in the investment management and capital markets industries with responsibilities in strategic planning, marketing, client relationship management, business development and information technology. She currently serves as Director of Nav Canada (Chair of the Pension Committee and member of the Governance Committee), and a Director of Ontario Public Service Pension Board (member of the audit and investment committees). Ms. Savoy is also a member of the Investment Committee of the Toronto General & Western Hospital Foundation. Ms. Savoy holds a Bachelor of Business Administration from University of Ottawa and received the ICD.D Director designation from the Institute of Corporate Directors, including completion of the Director's Education Program at the Rotman Business School of the University of Toronto.

Susan Wolburgh Jenah

Ms. Susan Wolburgh Jenah serves as Independent Director of Laurentian Bank Of Canada. She brings over 30 years of domestic and international regulatory experience and capital markets and financial services industry knowledge. She was recognized with the Osgoode Hall Alumni Award for Achievement in 2011 and received her ICD.D designation from the Institute of Corporate Directors in 2004. Until October 2014, Ms. Wolburgh Jenah served as the inaugural President and CEO of the Investment Industry Regulatory Organization of Canada (IIROC), the national self-regulatory body that regulates all investment dealers and oversees trading on the Canadian debt and equity markets. She joined the Investment Dealers Association (IDA) in early 2007 as President and CEO and successfully merged the IDA and Market Regulation Services Inc. to create IIROC in 2008. Prior to this, she had an accomplished career with the Ontario Securities Commission from 1983 to 2007. Ms. Wolburgh Jenah is a member of the Board of Governors and Regulatory Policy Committee of the U.S. Financial Industry Regulatory Authority (FINRA) and Chair of its Regulatory Operations Oversight Committee; Chair of the Nomination and Governance Committee and member of the Regulatory Oversight Committee of Aequitas Neo Exchange and member of the Aequitas Innovations parent company Board; and member of the Independent Review Committee of Vanguard Investments Canada Inc. Ms Wolburgh Jenah also serves as Vice-Chair of the Humber River Hospital Board.

Susan Cohen