Laurentian Bank of Canada

Laurentian Bank of Canada

Laurentian Bank of Canada

Overview
Date Founded

1995

Headquarters

Tour Banque Laurentienne,1981 McGill College Avenue,Montréal, QC H3A 3K3

Type of Company

Public

Employees (Worldwide)

2,900

Industries

Retail & Commercial Banking
Accounting & Financial Services
Consumer Finance
Holding Companies

Company Description

Laurentian Bank of Canada engages in the provision of financial services. It operates through the following segments: Personal Operating, Business Services, and Capital Markets. The Personal Operating segment caters to the financial needs of retail clients. The Business Services segment caters to the financial needs of business clients, small and medium-sized enterprises, and real estate developers such as leasing solutions, investment, cash management, and international services. The Capital Markets segment provides a range of services, including research, market analysis and advisory services; corporate underwriting for debt and equity; and administrative services. The company was founded by Monsignor Ignace Bourget on May 26, 1846 and is headquartered in Montreal, Canada.

Contact Data
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Executives & Employees

Director, President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Chief Risk Officer & Executive Vice President

Executive Vice President & Chief Human Resources Officer

Executive Vice President-Operations

Executive Vice President & Head-Commercial Banking

Executive Vice President, Capital Markets

Senior Vice President, Digital Banking

Branch General Manager

Head, Energy Banking Practice

Board of Directors

Former Executive Vice President & Head of Global Credit at TD Bank Group

President & Chief Executive Officer at Global Risk Institute in Financial Services

Chief Executive Officer at ATB Securities, Inc.

Former President & Chief Executive Officer at Investment Industry Regulatory Organization of Canada

Former Senior Vice President & Chief Financial Officer at Canada Pension Plan Investment Board

Former Treasurer & Senior Vice President at The Bell Telephone Company of Canada

Consultant at SECOR, Inc. (Canada)

Former Senior Audit Partner at Deloitte LLP - Canada

Former President & Chief Executive Officer at TV5 Québec Canada

Former Senior Vice President & Chief Risk Officer at Royal Bank of Canada

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Owners & Shareholders
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Lincluden Investment Management (LIM) employs traditional, value-based investment principles across a range of equity, fixed-income and balanced portfolios. The firm offers a clearly defined investment philosophy and approach to portfolio construction in the following areas: equities, fixed-income, balanced and value.For their equity investments, LIM screens a broad universe of Canadian, US and international stocks in the search for undervalued securities. Investment decisions are based on a thorough financial assessment of corporations and their management teams to identify securities that are trading at a substantial discount to LIM's appraisal of their fair value. Their focus on cash flow in determining a company's valuation is based on the belief that free cash flow is the best currency to enable a company to grow.LIM's fixed-income portfolios are structured to achieve the most efficient combination of duration, credit, yield curve and foreign exposure from a long-term, risk-reward perspective. The firm's investment process begins with an economic overview, which allows them to develop a view on inflation. Based on their view of value and risk, they then determine the appropriate portfolio duration which reflects their long-term view of inflationary trends relative to the current level of interest rates and shape of the yield curve. LIM believes that real interest rates should be calculated using long-term inflationary expectations instead of the current rate of inflation. In searching for the best value opportunities in fixed-income markets, the firm considers both domestic and foreign securities. When they find better value opportunities in foreign markets, their preference is to eliminate foreign exchange risk through the use of hedging.The firm's balanced approach seeks to create long-term wealth with a value-based, risk-managed approach that is based on disciplined asset allocation and security selection. LIM's valuation and portfolio structuring process incorporates a 'top-down' approach to determine asset mix, and a 'bottom-up' process to individual security selection.

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Leon Frazer & Associates' investment process starts with the development of their high-level economic view, which is based on both domestic and global conditions. From this, the firm focuses on long-term investment themes which they use to determine investment weightings in the key sectors of the economy. These views will also determine cash weightings. The Leon Frazer portfolio invests in companies that make up the “backbone” of the economy. Depending on economic conditions at least 40%-60% of the portfolio is generally invested in pipelines, utilities, telecoms, and financial services.

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Marquest Asset Management (MAM) is a growth investor. The firm's investment process begins with an assessment of the capital markets' economic environment. From this analysis, they identify broad economic growth trends that provide the foundation for strong growth opportunities in specific sectors of the stock market. MAM's stock selection process screens the universe of potential investments to identify only the very best companies. They employ quantitative and qualitative analytical tools to select only those stocks which meet their stringent investment criteria. Companies must have (1) superior management teams (2) exceptional growth prospects (3) strong and improving balance sheets and (4) reasonable valuations. Portfolios are invested in companies with exceptional fundamentals in sectors with strong growth prospects. MAM's funds are not constrained by market-cap or industry group weightings and the firm does not buy and hold. They manage risk at both the market and individual stock levels. Funds are constantly refreshed with companies with strong growth prospects and reasonable valuations. MAM replaces companies with weaker growth prospects before their fundamentals deteriorate significantly. A fund typically holds 25 to 35 companies. If the firm determines that there is a significant market risk, they will protect the portfolio by substantially increasing cash in their funds and by shorting ETFs. MAM offers no-load pooled portfolios and separately managed portfolios.The Marquest Bridge Fund seeks long-term capital appreciation through investments in early-stage companies that are growing substantially faster than the economy. The firm targets small-cap companies that are niche players in their markets. Typically, these companies have a significant market opportunity because of proprietary intellectual property or a robust business model.The Marquest Resource Fund seeks long-term capital appreciation through investments in a range of small- to mid-cap resource-based companies in the following industries: precious metals, base metals, oil and gas and forest products. The firm focuses on companies with superior production and exploration potential. They look for significant market opportunities that are driven by proprietary intellectual property or a robust business model. The portfolio typically holds the stocks of 30 to 40 small- to mid-cap companies.The Marquest Equity Growth Fund seeks to provide long-term capital appreciation through investments in a variety of securities of the very best 20 to 45 Canadian small- and mid-cap growth companies, in addition to US and international companies. The portfolio invests in companies with growth rates that are expected to exceed the growth rate of the Canadian economy. In periods of significant market risk, the Fund may hold greater than 50% in cash and short-term securities.The Marquest Dividend Growth Fund seeks to provide a steady flow of income with reasonable safety of capital and the potential for capital appreciation. The Fund invests in the very best securities of approximately 20 to 45 Canadian, US and international large-cap companies with strong growth prospects. Many of these companies provide higher than market dividend yield, allowing a stable base for the Fund's total return. In addition, the Fund may invest in corporate and government bonds. In periods of high market risk, the Fund may hold significant cash and short-term securities.The Marquest Asset Allocation Fund seeks to provide long-term capital appreciation by investing in a globally diversified portfolio of broad market ETFs. The Fund invests only in ETFs and short-term money market investments. The ETFs consist of a broad diversification of fixed-income, stock market indices and commodities. In the fixed-income area, the ETFs cover the Canadian, US and European bond markets, including high grade corporate bonds. The equity market ETFs will encompass the Canadian, US, European, Pacific Rim and Emerging Markets. The Fund's strategy is to rotate among the various asset classes to maximize returns and minimize risk. In periods of high market risk, the Fund may hold significant cash and short-term securities.The Marquest Short Term Income Fund seeks to provide preservation of capital and short-term income. The Fund invests in bonds, debentures, notes and other debt obligations with a term to maturity at purchase of less than 3 years.

Recent Transactions
Details Hidden

Laurentian Bank of Canada issued CAD Common Shares - Bought Deal

Details Hidden

Laurentian Bank of Canada, LBC Capital, Inc. purchase Northpoint Commercial Finance LLC

Details Hidden

Laurentian Bank of Canada issued CAD Subscription Receipts - Bought Deal

Transaction Clients
Lender

Advised on Wind Point Partners, Dicom Transportation Group Canada, Inc. purchase AT Group US Logistics LLC

Lender

Advised on Wind Point Partners, Dicom Transportation Group Canada, Inc. purchase AT Group US Logistics LLC

Transaction Advisors
Underwriter

Advised onLaurentian Bank of Canada issued CAD Subscription Receipts - Bought Deal

Underwriter

Advised onLaurentian Bank of Canada issued CAD Subscription Receipts - Bought Deal

Underwriter

Advised onLaurentian Bank of Canada issued CAD Subscription Receipts - Bought Deal

Manager

Advised onLaurentian Bank of Canada issued CAD Common Stock

Attorney

Advised onLaurentian Bank of Canada, LBC Capital, Inc. purchase Northpoint Commercial Finance LLC

Legal Advisor

Advised onLaurentian Bank of Canada, LBC Capital, Inc. purchase Northpoint Commercial Finance LLC

Advisors & Consultants
Legal Advisor

Justice of Appeal at Court of Appeal for Ontario

Legal Advisor

Partner at Borden Ladner Gervais LLP

Legal Advisor

Partner at Davies Ward Phillips & Vineberg LLP

Key Stats and Financials As of 2020
Market Capitalization
$1.52B
Total Enterprise Value
$10.8B
Earnings Per Share
$1.78
Enterprise Value / Sales
8.38x
TEVNet Income
126.27x
Debt TEV
0.91x
Three Year Compounded Annual Growth Rate Of Revenue
1.88%
Revenue
$1.29B
Net Profit
$85.6M
Total Debt
$9.83B
Total Equity
$1.96B
Non-Profit Donations & Grants
$10K - $50K
2018
$100K - $200K
2018
Suppliers
Primerica, Inc. Investment Services & Portfolio Management | Duluth, GA

Primerica, Inc. engages in the provision of financial products to middle-income households. It operates through the following segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits in the in-force book of term life insurance policies. The Investment and Savings Products segment involves retail and managed mutual funds and annuities, and segregated funds. The Corporate and Other Distributed Products segment comprises the revenues and expenses related to discontinued lines of insurance. The company was founded by Arthur L. Williams, Jr. and Angela Williams on February 10, 1977 and is headquartered in Dublin, GA.

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