skyline of downtown montreal

Laurent Ferreira and Denis Girouard will succeed Ricardo Pascoe in his various roles at Montreal-based National Bank of Canada following Pascoe’s retirement, the bank announced on Tuesday.

Ferreira and Girouard, co-heads and executive vice presidents, financial markets, will take on the bank’s “transformation mandate” and focus on “the bank’s digital transformation and cultural shift” while maintaining their current responsibilities, the bank said in a statement.

Pascoe, chief transformation officer and executive vice president, will retire after 16 years with National Bank. He joined in 2003 as senior vice president, treasury and financial markets, and was appointed executive vice president, financial markets, in 2008. Pascoe became chief transformational officer in 2016.

The changes will take effect Aug. 31.