Bank also creates a new senior role for personal digital banking
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Laurentian Bank has appointed a new chief operating officer and a new chief risk officer, as part of what it said were efforts to build a better and different financial institution.
Financial industry veteran Deborah Rose was promoted to COO, while Liam Mason was made chief risk officer. Mason also took the simultaneous role of executive vice president.
Rose has over 25 years’ experience in finance. In her new role, she will oversee the administration, technology, and operation activities of the firm. Before this, she held combined roles of president and CEO for B2B Bank, Laurentian Bank’s chief information officer and executive vice president for intermediary banking, and CEO of LBC Tech. Laurentian bank said she will continue to assume the role of its CIO.
Meanwhile, Liam transfers from a managing director role at OSFI, where he has been with since 2016. Before that, he spent 18 years in various senior roles at CIBC, most notably senior vice-president, head of asset-liability management, and senior vice president, risk management.
Laurentian Bank’s current chief risk officer Susan Kudzman previously announced her retirement on June 30 – but she will be staying with the bank until October 31 to ensure a smooth transition.
The bank also announced the creation of a new role, the executive vice president for personal digital banking. The role will oversee sales, marketing and digital retail distribution, and will also encompass activities conducted through B2B Bank’s network of independent financial advisors, dealers and mortgage brokers. The bank plans to fill this role in the near future. In the interim, Rose will continue to oversee B2B Bank.
“Since the launch of our transformation plan in 2015, we have made good progress in achieving key milestones and growth targets. We are now entering an important phase of our plan which will see us transitioning to a digital banking model. Our accomplishments thus far, as well as the changes announced today, will contribute to the global success of our transformation,” said François Desjardins, president and CEO of Laurentian Bank Financial Group.
