Laurent Ferreira
President and Chief Executive Officer
National Bank of Canada
Leadership History
4 leaders · Full leadership timeline
Laurent Ferreira is the CEO of National Bank of Canada.
| Name | Role | From | To | Years in role |
|---|---|---|---|---|
| Laurent Ferreira | President and Chief Executive Officer | — | Present | — |
| Denis Girouard | Executive VP, Financial Markets | — | Present | — |
| Lucie Blanchet | Executive VP, Personal Banking and Client Experience | — | Present | — |
| Stephane Achard | Executive VP, Commercial Banking | — | Present | — |
Founded in Quebec City in 1859, National Bank of Canada has developed from a regional merchants' financial cooperative into Canada's sixth-largest bank and an international financial services provider managing more than C$450 billion in total assets. Operating under the visionary leadership of President and CEO Laurent Ferreira, the institution pairs century-old community trust across Quebec with elite capital markets execution in Montreal and Toronto. Through its four principal operating divisions, National Bank serves millions of retail consumers, entrepreneurs, institutional investors, and municipal governments. Its corporate culture emphasizes entrepreneurial initiative, rigorous risk management, and technological pragmatism, exemplified by its move into the newly constructed Place Banque Nationale headquarters—the crown jewel of Montreal's financial district.
National Bank of Canada generates revenue through four synergistic operational segments. Personal & Commercial Banking (41.0% of revenues, C$4.592B) drives retail deposit spreads, consumer mortgages, payment merchant services, and commercial lending to small-and-medium enterprises, primarily across Quebec and expanding nationally. Wealth Management (24.0%, C$2.688B) gathers fee-based advisory income, asset management fees through National Bank Investments, and securities brokerage. Financial Markets (25.0%, C$2.800B) captures corporate lending interest, investment banking advisory fees, institutional equities, and structured fixed-income underwriting where it ranks as a leading arranger of Canadian provincial and municipal debt. U.S. Specialty Finance & International (10.0%, C$1.120B) delivers high-margin credit spreads via Credigy in U.S. consumer specialty finance and rapid commercial deposit expansion through ABA Bank in Cambodia.
President and Chief Executive Officer
Executive VP, Financial Markets
Executive VP, Personal Banking and Client Experience
Executive VP, Commercial Banking
These officers report to the chief executive and are not part of the CEO timeline above.
National Bank faces key strategic challenges including integrating Canadian Western Bank's C$37B loan book and commercial branch network across Western Canada, mitigating credit losses in commercial real estate and Canadian residential mortgages amid elevated borrowing costs, competing against larger Big Six peers possessing deeper enterprise technology budgets, and navigating geopolitical and regulatory risks within international operations such as ABA Bank in Cambodia.
Laurent Ferreira has served as President and CEO since November 2021, having previously served as Chief Operating Officer and Co-Head of Financial Markets.
Louis Vachon served as CEO from 2007 to 2021, transforming NBC from a regional lender into Canada's highest-ROE chartered bank and acquiring Credigy and ABA Bank.
Compare executive leadership tenures and strategic transitions
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