Laurentian names Rania Llewellyn as its next CEO – The Globe and Mail

Canadian flag in front of a business building in Toronto, Ontario, Canada

Add Your Heading Text HereLaurentian Bank of Canada has chosen Rania Llewellyn as its next chief executive officer, making her the first woman to lead a major Canadian-based bank.

Ms. Llewellyn formally starts her role on Oct. 30 after a 26-year career at Bank of Nova Scotia, where she most recently served as executive vice-president of global business payments.

She takes over at a tumultuous time for Montreal-based Laurentian Bank, which is grappling with the fallout from the novel coronavirus after posting a series of weak financial results. The bank abruptly parted ways with previous CEO Francois Desjardins in June, with board chair Michael Mueller saying it was time to “reinvigorate” the bank’s plans.