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Two financial services industry executives are moving into new leadership roles.

François Desjardins, president and CEO of B2B Bank, has taken on the role of as chief operating officer at B2B's parent company, Laurentian Bank of Canada. Laurentian Bank's Board of Directors also announced its intention to name Mr. Desjardins president and CEO of the Bank effective November 1, 2015.

Mr. Desjardins will replace current president, Réjean Robitaille, who stated he will work very closely with Mr. Desjardins in the coming months to ensure a harmonious transition.

"Thanks to his able leadership, competencies and knowledge of the organization, I have no doubt that François will continue to advance the Bank's growth and take it to increasingly higher levels," says Mr. Robitaille, in a statement Friday.

Mr. Desjardins began his career at Laurentian Bank in 1991 within the branch network. He held a number of management positions and was named vice-president in 1999. In 2004, Mr. Desjardins was appointed president and CEO of B2B Bank (formerly B2B Trust).

(B2B Bank is wholly-owned subsidiary of Laurentian Bank of Canada)

Under his leadership, B2B Bank made two major acquisitions, buying M.R.S. Trust Company in 2011 and AGF Trust Company in 2013.

In his role as COO, Mr. Desjardins will continue to lead B2B Bank and Retail Services.

Also on Friday, Roger Renaud was announced as president, Canada of Manulife Asset Management. Mr. Renaud joined Manulife AM upon the close of Manulife's acquisition of the Canadian-based assets of Standard Life PLC.

The position of president, Canada is a new role for Manulife AM. In his role, Mr. Renaud will help in the integration of Standard Life Investment's Canadian operations into Manulife AM.

Mr. Renaud was president of Standard Life Investments Inc. in Canada prior to the Manulife acquisition, a position he held since 2005. Prior to that role, Renaud was senior vice-president, group savings and retirement, at Standard Life Assurance Company of Canada and also served as vice-president, sales at Standard Life Mutual Funds. He joined Standard Life in 1991.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 4:00pm EDT.

SymbolName% changeLast
C-N
Citigroup Inc
+0.78%63.24
FC-N
Franklin Covey Company
+2.51%39.26
LB-T
Laurentian Bank
-0.04%28.02
MFC-N
Manulife Financial Corp
+1.34%24.99
MFC-T
Manulife Fin
+1.2%33.83

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