Canadian Western Bank

Canadian Western Bank

Canadian Western Bank

Overview
Date Founded

1984

Headquarters

10303 Jasper Avenue,Suite 3000,Edmonton, AB T5J 3X6

Type of Company

Public

Employees (Worldwide)

2,505

Industries

Retail & Commercial Banking
Holding Companies

Company Description

Canadian Western Bank engages in the provision of banking services for small and medium size companies. The firm provides commercial banking and financial services for business banking, personal banking or wealth management. It also offers full-service personal banking options, including checking and savings accounts, loans, mortgages, and investment products. The company was founded by Charles R. Allard and Eugene Pechet on March 22, 1984 and is headquartered in Edmonton, Canada.

Contact Data
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Executives & Employees

President, Chief Executive Officer & Non-Independent Director

Chief Executive Officer

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Executive Vice President & Chief Information Officer

Chief Operating Officer, Canadian Direct Insurance

Executive Vice President, Human Resources & Corporate Communications

Executive Vice President, Banking

Executive Vice President, Business Transformation

Senior Vice President, Credit Risk Management

Board of Directors

President & Director at R.L. Phillips, Inc.

President, Chief Executive Officer & Non-Independent Director at Canadian Western Bank

President & Chief Executive Officer at Richardson GMP Ltd.

Former Chancellor at University of British Columbia

Former Chief Financial Officer & Executive Vice President at Bausch Health Cos., Inc.

Managing Partner at Relay Ventures

Chairman-National Board at Institute of Corporate Directors

Former President-Finning (Canada) at Finning International, Inc.

President & Director at Cathton Investments Ltd.

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Owners & Shareholders
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QV focuses on long-term ownership of sustainable businesses that are able to compound growth over the long-term while minimizing the risk of loss. The firm applies a disciplined, consistent approach across all investment strategies. Reasonable value and portfolio enhancement form the basis of their equity selection. They identify and purchase companies with attractive valuations, proven track records and sustainable business models. QV select bonds from quality issuers that demonstrate an ability and willingness to uphold good credit standing. Diversification by issuer, sector and term help minimize risk and achieve stability, liquidity and a positive total return over a long-investment horizon. All investment decisions are supported by their own independent research and analysis.

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Leith Wheeler Investment Counsel Ltd.'s (LWIC) value-oriented Canadian Equity investment strategy seeks to invest companies that have some competitive advantage or franchise that will preserve the company’s ability to deliver attractive returns on capital. The firm realizes that the market usually recognizes and fully values these types of companies so they focus on finding solid businesses which may not be fully recognized by the market. Often these businesses may be under some temporary cloud or competitive pressure such that the franchise value is not clear to the market or the business lacks the speculative appeal or fad of the moment. LWIC takes meaningful positions in these companies and their culture that allows them to be patient until their investment thesis unfoldsLWIC's fixed income strategies emphasize consistency of returns and safety of capital by investing in notes and bonds issued by the Canadian federal and provincial governments and by corporations. As in the management of their equity portfolios, the firm focuses on the long-term outlook for interest rates and structures portfolios accordingly. A key component of our credit selection process is establishing a disciplined outlook for specific sectors of the fixed income credit market. Within each sector LWIC evaluates each individual security based on a rigorous bottom up analysis of the fundamentals of the business and the industry in which it operates.

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Laurus Investment Counsel, Inc. is a private company headquartered in Toronto, ON, Canada, that provides investment advice. The firm was founded in 2014 by Linda Marie Lebrun and Christopher William Page. Christopher William Page has been the CEO since then.The company says this about itself: Founded in 2014, Laurus Investment Counsel is a leading Canadian independent asset management firm, providing portfolio management expertise in high-quality, wealth-creating public equities globally. With over CAD $700 million assets under management, the Firm delivers distinctive investment management capabilities in small and mid-cap equity investments with a focus on providing long term sustainable growth to discerning fiduciaries in the institutional and foundation markets in Canada.

Recent Transactions
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Canadian Western Bank purchases CWB Private Investment Counsel Ltd. from iA Financial Corp., Inc.

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Canadian Western Bank purchases ECN Capital Corp. /Canadian C&V Assets from ECN Capital Corp.

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Canadian Western Bank purchases General Electric Co. /Canadian Franchise Finance Bus from General Electric Company

Transaction Advisors
Accountant

Advised onCanadian Western Bank purchases National Bank of Greece (Canada) from National Bank of Greece

Legal Advisor

Advised onCanadian Western Bank purchases General Electric Co. /Canadian Franchise Finance Bus from General Electric Company

Underwriter

Advised onCanadian Western Bank issued CAD Common Stock

Legal Advisor

Advised onIntact Financial Corp. purchases Canadian Direct Insurance Inc. from Canadian Western Bank

Associate

Advised onIntact Financial Corp. purchases Canadian Direct Insurance Inc. from Canadian Western Bank

Legal Advisor

Advised onIntact Financial Corp. purchases Canadian Direct Insurance Inc. from Canadian Western Bank

Advisors & Consultants
Advisor

Former Executive Director, Business Development at Canadian Western Bank

Legal Advisor

Partner at Bennett Jones LLP

Advisor

Former Executive Vice President, Corporate Services at Canadian Western Bank

Key Stats and Financials As of 2020
Market Capitalization
$2.46B
Total Enterprise Value
$3.88B
Earnings Per Share
$2.14
Enterprise Value / Sales
3.53x
TEVNet Income
19.12x
Debt TEV
0.53x
Three Year Compounded Annual Growth Rate Of Revenue
9.88%
Revenue
$1.1B
Net Profit
$203M
Total Debt
$2.07B
Total Equity
$2.37B
Non-Profit Donations & Grants
Investors
Details Hidden

Life Peer at United Kingdom House of Lords

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Competitors
National Bank of Canada Retail & Commercial Banking - Montréal, Canada

National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International (USSF&I), and Other. The Personal and Commercial segment involves in banking, financing, and investing services offered to individuals and businesses as well as insurance operations. The Wealth Management segment focuses on the investment solutions, trust and lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment includes banking and investment banking services and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. The USSF&I segment comprises specialty finance expertise activities of subsidiary ABA Bank, which offers financial products and services to individuals and businesses; and activities of targeted investments in certain emerging markets. The Other segment encompasses treasury activities such as asset and liability management, liquidity management and funding operations, certain non-recurring items, and unallocated portion of corporate services. The company was founded on May 4, 1859 and is headquartered in Montreal, Canada.

Canadian Imperial Bank of Commerce Retail & Commercial Banking - Toronto, Canada

CIBC is a leading Canadian-based financial institution. Through their three main business units - Retail and Business Banking, Wealth Management and Capital Markets - CIBC provides a full suite of financial products and services in Canada and around the world.

Royal Bank of Canada Retail & Commercial Banking - Toronto, Canada

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada. The Wealth Management segment offers a comprehensive suite of investment, trust, banking, credit, and other wealth management solutions to institutional and individual clients through its distribution channels and third-party distributors. The Insurance segment refers to a range of life, health, home, auto, travel, wealth, group, and reinsurance products. The Investor and Treasury Services segment comprises of asset services and a provider of cash management, transaction banking, and treasury services to institutional clients worldwide. The Capital Markets segment covers banking, finance and capital markets to corporations, institutional investors, asset managers, governments, and central banks around the world. The Corporate Support segment consists of technology and operations services. The company was founded by J. W. Merkell, Edward Kenny, T. C. Kinnear, James B. Duffus, William Cunard, John Tobin, George P. Mitchell and Jeremiah Northup in 1864 and is headquartered in Toronto, Canada.

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