Wells Fargo Taps Lessard to Lead Realigned ABL/EF Team in Canada

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! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.