Strategic move aims to transform the future of mortgages
nesto Inc., Canada’s third-largest non-bank mortgage lender, managing over $63 billion in mortgages, has announced the appointment of Susan Kudzman (pictured) to its board of directors.
Kudzman has held key executive roles at major financial institutions, including serving as executive vice president and chief risk officer at Caisse de dépôt et placement du Québec (CDPQ) and Laurentian Bank. She has also served on the boards of prominent companies such as Transat, Yellow Pages, and PSP Investments.
“We are thrilled to welcome Susan Kudzman to our board of directors,” said François Lafortune, Co-founder and CEO of Diagram and Chairman of the nesto group. “Her deep expertise in risk management, governance, and financial strategy will be invaluable as we continue our growth trajectory and reinforce our commitment to offering Canadians a seamless, transparent, and digital-first mortgage experience.”
The nesto Group includes nesto and CMLS, a company with 50 years of experience in lending, advisory, asset management, software, and services.
This appointment comes as Canada’s housing market navigates affordability challenges and evolving regulatory frameworks. As policymakers and financial institutions seek solutions to support homebuyers, innovation and digital transformation in the mortgage sector are becoming increasingly critical to ensuring long-term stability and accessibility in the housing finance market.
Expressing her enthusiasm for the role, Kudzman said, “I look forward to working with the leadership team to drive innovation and ensure sustainable growth.”
nesto provides digital mortgage solutions to residential borrowers, commercial clients, and financial institutions through its proprietary technology platform, the nesto Mortgage Cloud and intellifi.
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