Laurentian Bank Announces New Chief Information Technology Officer
20 July 2021 - 3:30AM
Laurentian Bank of Canada (TSX: LB) (the “Laurentian Bank”, the
“Bank”) announces the appointment of Beel Yaqub as Executive Vice
President and Chief Information Technology Officer (CITO),
effective July 12, 2021. As a member of the executive leadership
team, Beel will help support the new strategic direction of the
Bank, which focuses on cultivating a customer-first culture,
driving an agile and innovative mindset and engaging and empowering
its employees to work as One Team.
As Chief Information Technology Officer, Beel
will oversee the modernization of the Bank’s IT systems and will
oversee Laurentian Banks network infrastructure, cyber security,
data privacy and management, application engineering, cloud
enablement and IT vendor management. He will also directly
contribute to the Bank’s ongoing strategic review.
“I am very pleased to announce Beel Yaqub’s
appointment in this critical role as Laurentian Bank’s new Chief
Information Technology Officer. With the acceleration of
digitization, changing consumer needs and speed of change, Beel
will bring new ideas, perspective and strategies as we drive to
become a more agile and digitally enabled Bank.”
- Rania Llewellyn,
President and Chief Executive Officer
Prior to joining Laurentian Bank, Beel served as
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 at major Canadian Banks. He holds an MBA from the Richard
Ivey School of Business.
About Laurentian Bank Financial
GroupFounded in 1846, Laurentian Bank Financial Group is a
diversified financial services provider whose mission is to help
its customers improve their financial health. The 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 provides a
broad range of advice-based solutions and services to its personal,
business and institutional customers. With pan-Canadian activities
and a presence in the U.S., the Group is an important player in
numerous market segments.
The Group has $44.6 billion in balance sheet
assets and $30.9 billion in assets under administration.
Information:
Jonathan AbecassisJonathan.abecassis@lbcfg.ca
438-368-8078
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