MONTREAL, Feb. 7, 2012 /CNW Telbec/ - Mr. Réjean Robitaille, President
and Chief Executive Officer of Laurentian Bank, is pleased to announce
the appointment of Mr. Stéphane Therrien as Executive Vice-President of
Real Estate and Commercial Financing, succeeding Mr. Paul Hurtubise who
will be retiring in February after 35 years of service. Having
officially assumed his new position this past January 9, Mr. Therrien
also becomes the eighth member of Laurentian Bank's Management
With more than 25 years of experience in the commercial financing
sector, Stéphane Therrien is a seasoned manager. Over the past 18
years, he occupied various different positions at GE Capital, including
Senior Vice-President for Eastern Canada, prior to being named Senior
Vice-President and Chief of Commercial Affairs for Canada. Under his
leadership, his sector posted positive growth in recent years.
"We are delighted to welcome a leader of Stéphane's calibre to
Laurentian Bank who is known for his superior competencies and many
successes within the corporate financing area," underlines Mr.
Robitaille. "His passion for excellence and ability to motivate
personnel to meet formidable challenges make him a major asset for the
Bank's strategic development."
Laurentian Bank's Real Estate and Commercial sector has enjoyed strong
growth and performance over the past several years, with loan volumes
up by approximately 60% over the course of the last five years. The
sector has built an outstanding reputation in real estate financing and
commercial loans and operates 14 offices in Canada, including those in
Toronto, Vancouver, Calgary and Montréal.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution operating across
Canada and offering its clients diversified financial services.
Distinguishing itself through excellence in service, as well as through
its simplicity and proximity, the Bank serves individual consumers and
small and medium-sized businesses. The Bank also offers its products to
a wide network of independent financial intermediaries through B2B
Trust, as well as full-service brokerage solutions through Laurentian
Laurentian Bank is well established in the Province of Québec, operating
the third-largest retail branch network. Elsewhere throughout Canada,
it operates in specific market segments where it holds an enviable
position. Laurentian Bank of Canada has more than $24 billion in
balance sheet assets and more than $35 billion in assets under
administration. Founded in 1846, it has been selected as the Québec and Atlantic Canada regional winner
of the Canada's 10 Most Admired Corporate CulturesTM program presented by Waterstone Human Capital. The Bank employs close to 3,700 people.
SOURCE LAURENTIAN BANK OF CANADA
For further information:
Medias and Public relations
514 284-4500, extension 8232