First woman at the head of a major bank

Appointed President and Chief Executive Officer of Laurentian Bank on Tuesday, Rania Llewellyn becomes the first woman to head a major Canadian bank.

• Read also: Laurentian Bank President bows out

Born in Kuwait and immigrated from Egypt to Canada in 1992 after the Gulf War, she attended Saint Mary’s University before working for 26 years at Scotiabank. She started there as a part-time cashier and eventually held positions such as Executive Vice President, Global Payments for Businesses, Vice President of Multicultural Banking Services, President and CEO of Roynat Capital, Senior Vice President of commercial banking, growth strategy, and senior vice president of products and services, global banking transactions.

“Rania Llewellyn is the perfect leader to lead Laurentian Bank into a new era. His track record testifies to his dynamism, as well as his ability as a fine strategist, focused on the client experience and tangible results, ”said Michelle Savoy, member of the Bank’s board of directors who headed the special committee. in charge of the research of the president and chief executive officer.

“She is the agent of change the Bank needs to meet the challenges it faces. It will be able to lay the foundations for the future growth and success of the Bank, ”she added in a statement.

Michelle Savoy pointed out that Rania Llewellyn is the first to lead a major chartered bank in the country. In Quebec, Monique Leroux had guided a larger financial institution, the Mouvement Desjardins, but it is a cooperative and not a bank.

Rania Llewellyn will take office on October 30th.

She replaces Stéphane Therrien who was acting since the retirement last June of François Desjardins who had managed Laurentian for five years.

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