Regina-based Concentra Bank has made changes to its executive team, the provider of wholesale banking and trust services to credit unions announced on Wednesday.
Neal Oswald will join Concentra in the new role of chief operating officer. He brings more than 30 years of financial services experience in retail and wholesale banking as an executive with Canadian Imperial Bank of Commerce, and partner with both Ernst & Young and PricewaterhouseCoopers. He also brings experience working with clients on digital business model redesign and transformation in finance, technology, operations and risk.
Also new to the executive team is Philippe Sarfati, executive vice president, chief risk officer (CRO). Previously announced on May 28, Sarfati officially joined Concentra on June 18. Over his nearly three decade career in the financial services industry, Sarfati served in roles with the Canadian credit union system, Bank of Montreal, Canada Pension Plan Investment Board, the Office of the Superintendent of Financial Institutions, and most recently with Promontory Financial Group.
Corina Farbacher has been promoted to executive vice president, governance, marketing, and communications. Maintaining her role as head of legal and corporate governance, Farbacher will provide leadership to marketing, communications and business support functions, and guide the company’s efforts in building and enhancing relationships with its various stakeholders.
Jessica McNaughton has been promoted to executive vice president, chief people officer. McNaughton will bring a stronger focus to diversity and change management, and provide executive leadership to the company’s corporate social responsibility portfolio.
Brian Guillemin will take on a revised portfolio as executive vice-president, digital strategy to advance and accelerate Concentra’s digital solutions. Technology services, application support, information management, technology risk remain under Guillemin’s leadership.
Speaking on the changes, Don Coulter, president and CEO stated: “This deeply talented executive team strengthens Concentra’s capacity to deliver growth by driving our strategic position in the financial services industry.”
Concentra recently opened a Toronto office expanding its footprint across the country in addition to offices in Regina, Saskatoon, Sask. and Surrey, B.C.