Laurentian Bank announced the upcoming retirement of William Mason, Executive Vice President and Chief Risk Officer. Mr. Mason has been an integral part of the Bank since 2018, playing a pivotal role in fostering a robust risk-aware culture and driving long-term business success. During his tenure, Mr. Mason spearheaded initiatives that prioritized resilience and adaptability, ensuring effective credit origination through strong adjudication, prudent loss reserving, and comprehensive credit portfolio management.

His leadership has been instrumental in safeguarding Laurentian Bank's stability and growth. Laurentian Bank announced the appointment of Christian De Broux as the new Chief Risk Officer, starting June 17, 2024. Mr. De Broux returns to Laurentian Bank with extensive experience and a deep understanding of its ecosystem, having played a fundamental role in key strategic initiatives during his previous tenure.

To ensure a smooth transition, Mr. Mason will remain with Laurentian Bank as Special Advisor to the CEO, CRO, and the Board until the end of the fiscal year, while supporting Mr. De Broux in his new role.