Patrick Cronin and Stacey Madge bring over 30 years of experience in banking and technology to the board
Sun Life Financial Inc. has appointed Patrick Cronin and Stacey Madge to its board of directors.
Cronin is a seasoned financial executive with over three decades of experience in banking and financial services across Canada, the US, and international markets.
Recently, he worked as special advisor to the CEO of BMO Financial Group. Before that, he was BMO's chief risk officer, overseeing enterprise-wide risks and fostering a strong risk culture. He played a key role in BMO's strategic initiatives, including the successful acquisition of Bank of the West in early 2023.
From 2001 to 2018, Cronin held various senior roles at BMO Capital Markets, including head of Trading Products, president and COO, and CEO and group head.
He was responsible for sales, trading, research, and structuring groups in equity products, debt products, foreign exchange, derivative products, and securitization. He also supported significant expansions in the US and Asian markets.
Cronin brings expertise in capital markets, financial management, mergers and acquisitions, and risk management, aligning with Sun Life's business and strategic priorities.
Madge has over three decades of experience in financial services and technology. Before retiring to focus on community and advisory work, she was President and Country Manager of Visa Canada.
Her achievements included significant growth, new client acquisitions, fintech partnerships, and innovations in payments.
Prior to her role at Visa Canada, Madge held various senior executive positions at Scotiabank, including head and senior vice-president of International Retail and Small Business Banking. She oversaw retail and small business operations across 30 Latin American and Caribbean markets.
Madge also spent more than a decade at McKinsey & Company, specializing in retail banking, mergers and acquisitions, culture change, sales force effectiveness, customer experience, and strategy.
Madge's experience in digital transformation, fintech partnerships, client experience, and risk management will contribute to Sun Life's strategic direction. Madge is also a Chartered Financial Analyst and holds a certificate in Corporate Governance from INSEAD.
She also works on the advisory board of Georgian Partners and the board of directors of The Princess Margaret Cancer Foundation.
