The Montreal-based bank announced the completion of its strategic review on Thursday, deciding to accelerate its current strategic plan with a focus on efficiency. The bank’s shares fell more than 12 per cent on the Toronto Stock Exchange. (The Logic)
Skip to content
The Montreal-based bank announced the completion of its strategic review on Thursday, deciding to accelerate its current strategic plan with a focus on efficiency. The bank’s shares fell more than 12 per cent on the Toronto Stock Exchange. (The Logic)
Talking Point: In July, Laurentian announced it was conducting a strategic review, confirming media reports that it was exploring a potential sale. After Rania Llewellyn joined as CEO in 2020, the bank developed a three-year strategic plan to grow its commercial banking business and upgrade its digital services. While it’s only two years into the plan, it also said Thursday that it will reveal a renewed version at an investor day in early 2024. Laurentian also shook up its leadership, with Karine Abgrall-Teslyk, executive vice-president and head of personal banking, and Yves Denommé, executive vice-president of operations, stepping down. Éric Provost, head of commercial banking, was appointed group head of personal and commercial banking and Sébastien Bélair was named chief administration officer, in addition to his current role as chief human resources officer.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Crypto firms are paying stablecoin rewards despite a looming federal ban
Briefing
IPOs need to be easier for startups if Canada wants 1,000 Shopifys, Champagne says
Nuvei to acquire cross-border payments company Payoneer for US$2.75B
Joly to visit carmakers on 10-day trip to China and Japan
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
