Laurentian Bank appoints new board member and restructures subsidiaries under one brand
Laurentian Bank of Canada announced that Robert Ouellette has joined its Board of Directors as an independent member, effective November 1.
With 35 years of experience across various industries, including financial services, technology, and professional services, Ouellette has held multiple senior roles.
His career highlights include serving as chief corporate services officer at WSP, where he focused on enhancing employee experience and advancing the company’s digital offerings.
Before joining WSP, he held significant leadership roles at Desjardins Financial Group as senior vice-president of Technology and Shared Services and at Alcan, where he was chief information officer before moving into business transformation with Rio Tinto post-acquisition.
Ouellette started his career at Accenture, where he spent 19 years, the last five as a partner, working on major transformation projects for clients.
He is currently a Board member at Promutuel Assurance, a leading damage insurer in Québec, and serves on the Advisory Board at Valital Technologies.
According to Board Chair Michael Boychuk, Ouellette’s appointment is part of Laurentian’s ongoing efforts to refresh its board, ensuring a balance of experience, skills, and a diversity of perspectives.
Boychuk announced Ouellette's appointment to the Bank's Board of Directors, highlighting his extensive experience in information technology and risk management.
He noted that Ouellette's background aligns with the Bank’s ongoing focus on strengthening its technology infrastructure to support operational efficiency and enhance customer service
In related developments, Laurentian Bank announced that its subsidiaries LBC Capital and Northpoint Commercial Finance will now operate under a unified brand: Northpoint Commercial Finance.
This change, effective November 1, seeks to streamline services and enhance operational efficiencies across North America. Northpoint will continue to serve the equipment finance sector, offering financing solutions for manufacturers, dealers, and end-users.
The combined platform, with a $5.5bn portfolio, aims to strengthen its position in both the Canadian and US markets.
Laurentian’s president and CEO, Éric Provost, explained that this brand merger aligns with the bank’s commercial banking and strategic simplification goals, which were discussed at Laurentian’s Investor Day in May 2024.
Northpoint will continue under the leadership of Dan Radley, who will report directly to Provost, reflecting Laurentian’s ongoing focus on integrating its specialized lending services under one cohesive brand.
