MONTREAL, May 9, 2024
/CNW/ - National Bank (the "Bank") today announced that
William "Bill" Bonnell, Executive
Vice President, Risk Management, and Chief Risk Officer (CRO), will
retire from his role effective November 1,
2024, while staying on as a strategic advisor for an interim
period. On November 1, Jean-Sébastien
Grisé, currently Senior Vice President and Chief Credit Officer,
will be appointed as Mr. Bonnell's successor. He will join the
Bank's Senior Leadership Team reporting directly to Laurent Ferreira, President and Chief Executive
Officer. These changes are part of a rigorous succession planning
and development process.
"On behalf of the Board and Senior Leadership Team, I would like
to recognize Bill for his significant contributions to the Bank
over his 23-year tenure and to our industry throughout his career.
As our CRO over the last 12 years, Bill has been instrumental in
perpetuating our strong risk culture and in steering us through
every stage of the economic cycle. I look forward to continuing to
benefit from his expertise and sound advice ahead of his
well-deserved retirement," said Laurent Ferreira.
Bill Bonnell joined the Bank in
2001, bringing international experience and deep expertise in
credit and market risk management. He held leadership roles in
credit risk management, proprietary trading and market risk
management prior to his appointment as CRO in 2012. Mr. Bonnell
also made his mark on the banking industry and community throughout
his career, notably having served as chair of the board of
directors of both the Risk Management Association and the
International Financial Risk Institute as well as having served on
the board of the Montreal Children's Hospital Foundation.
Jean-Sébastien Grisé is a seasoned risk management executive who
has held a succession of leadership roles since joining the Bank in
2015 as Vice President, Risk Management, Personal Banking, Wealth
Management and SMEs. In 2016, his role was expanded to include
credit risk management for Commercial Banking and in 2019, he was
appointed Senior Vice President and Chief Credit Officer,
Commercial, Retail and Wealth Management. He has held his current
role since 2023. Previously, he worked for a multinational
conglomerate for over 15 years in increasingly senior roles in
credit-related functions. Mr. Grisé is a member of the Risk
Management Association, Climate Risk Consortium since 2021 and has
previously served as secretary of the board of the International
Financial Risk Institute.
As CRO, Jean-Sébastien Grisé will be responsible for overseeing
the management of financial and non-financial risks across the Bank
and will lead our Risk Management and Compliance functions.
"I am pleased to welcome Jean-Sébastien to the Senior Leadership
Team as Chief Risk Officer, following nearly a decade of close
collaboration. His deep expertise and understanding of the Bank and
its risk landscape, coupled with his strategic vision and unifying
leadership, will serve as invaluable assets as he takes on this new
role," added Laurent
Ferreira.
Caution Regarding
Forward-Looking Statements
This press release includes certain forward-looking
statements. These statements are inherently subject to significant
risks, uncertainties and changes in circumstances, many of which
are beyond the control of National Bank. Except as required by law,
National Bank does not undertake to update any forward-looking
statements, whether written or oral, that may be made from time to
time, by it or on its behalf. The forward-looking information
contained in this press release is presented for the purpose of
interpreting the information contained herein and may not be
appropriate for other purposes.
About National Bank of
Canada
With $434 billion in assets as
at January 31,
2024, National Bank of Canada, is one of Canada's six systematically important banks.
The Bank has approximately 30,000 employees in
knowledge-intensive positions and operated through three business
segments in Canada: Personal and
Commercial Banking, Wealth Management and Financial Markets. A
fourth segment, U.S. Specialty Finance and International,
complements the growth of its domestic operations. Its securities
are listed on the Toronto Stock Exchange (TSX: NA). Follow the
Bank's activities at nbc.ca or via social
media.
SOURCE National Bank of Canada