Laurentian Bank of Canada appointed Thierry Langevin president of LBC Capital, a fully-owned subsidiary of Laurentian Bank of Canada that specializes in equipment financing.

Langevin joined Laurentian Bank in late 2013 as vice president in the commercial group and was mandated with starting an equipment financing arm in the bank, which launched in 2014. The expansion of that group led to the acquisition of CIT Canada in 2016.

Langevin’s leadership contributed to the integration of the CIT business, the creation of LBC Capital and the deployment of a new end-to-end leasing platform to support business growth. The CIT acquisition led the way for a second acquisition in 2017, with Laurentian Bank acquiring Northpoint Commercial Finance, which is the bank’s North American inventory financing subsidiary.

“Thierry’s dedication to the success of our business as well as his ability to develop key talent for the organization led to this well-deserved promotion,” Éric Provost, executive vice president of commercial banking for Laurentian Bank of Canada, said. “In this role, Thierry will be focused on ensuring the continued growth of our equipment finance portfolio and on delivering key initiatives to accelerate the automation and efficiencies of our processes.”