Laurentian Bank of Canada on Tuesday named Rania Llewellyn chief executive officer and president, making her the first woman to head a major Canadian bank.
Llewellyn joins the bank after a 26-year career at Scotiabank, where she recently served as executive vice president, Global Business Payments, Laurentian Bank said in a statement.
The appointment comes after François Desjardins stepped down as president and chief executive in June. The bank named Stéphane Therrien as his interim replacement.
Earlier this year, U.S. bank Citigroup Inc C.N named its consumer banking head Jane Fraser as its next chief executive officer, making her the first woman to lead a major Wall Street bank.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.