Laurentian Bank and Great-West Lifeco both announced management changes last week.

Susan Wolburgh Jenah has been appointed to Laurentian Bank's board of directors. Jenah is a lawyer by training, and was president and CEO of the Investment Industry Regulatory Organization of Canada (IIROC) from 2008 to 2014, and president and CEO of the Investment Dealers' Association of Canada (IDA) from 2007 to 2008. Prior to that, she worked at the Ontario Securities Commission (OSC). "Her extensive knowledge of the pertinent issues affecting the securities sector — both regulatory and development-related — constitutes a major strength and asset being brought to Laurentian Bank's Board of Directors," says Isabelle Courville, chair of Laurentian's board of directors.

At Great-West Lifeco, Garry MacNicholas has been named to succeed William W. Lovatt as executive vice-president and chief financial officer, effective March 31, 2015. Lovatt is retiring after having been with the company for 35 years. MacNicholas is currently executive vice-president of actuarial and risk at Great-West Lifeco. He has a Bachelor of Mathematics degree from the University of Waterloo, and is a fellow of the Society of Actuaries and Canadian Institute of Actuaries. He joined Great-West Lifeco subsidiary Canada Life in 1982 and has held a wide variety of roles with increasing responsibility in the actuarial, insurance, reinsurance, and wealth management business units in Toronto, Regina, and the United Kingdom.