Wells Fargo Taps Lessard to Lead Realigned ABL/EF Team in Canada
OCT 17, 2019 - 6:55 am
Wells Fargo Commercial Capital realigned its Canada-based Equipment Finance and Asset-Based Lending (ABL) originations teams into a newly integrated business unit. Nicolas Lessard now heads the combined team, which expands his previous role leading Wells Fargo Equipment Finance’s manufacturing group in Canada.
Realigning in the integrated loan originations structure are:
Pierre-Yves Morisset, managing director, Western Region and Corporate ABL in Ontario
Lee Leblanc, senior vice president, Quebec and Maritimes
Mohammad Badruddin, vice president, Ontario
“As we celebrate 25 years of providing ABL financing to customers in Canada, we recognize an opportunity to bring together our ABL originations team and equipment finance territory managers operating in similar industry segments,” Lessard said. “Joining the skills and capabilities of these groups will help produce benefits for our customers and the organization, allowing us to deliver the right products and services for our customer needs, quickly and efficiently.”
Lessard joined Wells Fargo Equipment Finance as part of the bank’s GE Capital acquisition in 2016. During his 20-year tenure, Lessard has led commercial teams in various regions and industries. Lessard also holds a chartered professional accountant (CPA, CGA) designation. He is based in Montreal.
Based in Vancouver, BC, Morisset previously worked with Wells Fargo Capital Finance for more than seven years, covering Western Canada and Ontario for large ABL customers. Prior to Wells Fargo, Morisset was head of Corporate Accounts and Western Canada with Canadian Imperial Bank of Commerce’s ABL group. His career began more than 20 years ago at GE Capital in Montreal.
Leblanc joined Wells Fargo Capital Finance’s ABL Originations team, as part of the bank’s 2016 GE Capital acquisition. At GE Capital, he worked with the Corporate Finance group. Based in Montreal, Leblanc started his career at National Bank of Canada in 1999.
Based in Toronto, Badruddin joined Wells Fargo Capital Finance group in 2014, most recently serving as assistant vice president within the Originations Group. He previously spent four years in Royal Bank of Canada’s Commercial Banking Division in Toronto. Badruddin also holds the chartered financial analyst (CFA) designation.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
There’s much talk about the need for innovation and focusing on well-being in our teams. But what does that look like day-to-day? What if we bring those two ideas together and focus on the human side to create safety to... read more
“DE&I is about building corporate strength and success, embracing the future and embracing the talent that will lead to the ultimate success and longevity of an organization.” Melba Hughes began her diversity, equity and inclusion (DE&I) work three decades ago.... read more