MONTREAL, July 19 2021 (GLOBE NEWSWIRE) – Laurentian Bank of Canada (TSX: LB) (the “Laurentian Bank”, the “Bank”) announces the appointment of Beel Yaqub as Executive Vice-President and Chief Information Officer (CITO), effective July 12, 2021. As a member of the management team, Beel will help support the Bank’s new strategic direction, which emphasizes the development of a client-centric culture , promoting an agile and innovative mindset and the commitment and empowerment of its employees to work as a single team.
As Chief Information Officer, Beel will oversee the modernization of the Bank’s IT systems and oversee Laurentian Bank’s network infrastructure, cybersecurity, privacy and data management, application engineering. , cloud activation and IT vendor management. It will also contribute directly to the Bank’s ongoing strategic review.
“I am very pleased to announce the appointment of Beel Yaqub to this essential position as the new Chief Information Officer of Laurentian Bank. With the acceleration of digitization, the evolving needs of consumers and the speed of change, Beel will bring new ideas, perspectives and strategies as we strive to become a more agile and digital bank.
– Rania Llewellyn, President and CEO
Prior to joining Laurentian Bank, Beel was Chief Data Officer and Senior Vice President at Royal Bank of Canada. He brings more than 20 years of experience and results, leading transformational change and driving performance across multiple technology and business disciplines, including nearly 15 years with major Canadian banks. He holds an MBA from the Richard Ivey School of Business.
About Laurentian Bank Financial Group
Founded in 1846, Laurentian Bank Financial Group is a diversified financial services provider whose mission is to help its clients improve their financial health. Laurentian Bank of Canada and its entities are collectively referred to as Laurentian Bank Financial Group (the “Group” or the “Bank”).
With more than 2,900 employees guided by the values of proximity, simplicity and honesty, the Group offers a wide range of solutions and consulting services to its individual, corporate and institutional clients. With pan-Canadian activities and a presence in the United States, the Group is a major player in many market segments.
The Group has $ 44.6 billion in balance sheet assets and $ 30.9 billion in assets under administration.