Speaker Profiles

Guy Cormier, MBA

Guy Cormier, MBA

President and CEO

Desjardins Group

Guy Cormier is the President and CEO of Desjardins Group, the leading cooperative financial group in Canada and the 5th largest cooperative in the world, with $290.1 billion in assets and 7 million members and clients.

Guy is a graduate of HEC Montréal, where he earned his BBA and an MBA and taught finance for nearly 8 years.

He began his career with Desjardins in 1992, holding several positions in the caisse network before being becoming a caisse general manager in 2002. In 2009, he moved to the Fédération des caisses Desjardins du Québec when he was appointed Vice-President of Caisse Network Finance. He provided strategic leadership through the global financial crisis, overseeing Desjardins’s implementation of new international standards designed to strengthen the financial system.

He was appointed to the Desjardins Group Management Committee in 2012, serving first as Executive Vice-President of the Caisse Network and, in 2013, as Executive Vice-President of the Caisse Network and Personal Services.

Since being elected Desjardins Group President in the spring of 2016, Guy has worked hard to instill a strong member- and client-focused corporate culture among Desjardins’s 4,400 elected officers and 45,500 employees. He encourages innovation and has fast-tracked the organization’s shift into the digital space. He founded a $100 million development fund to support community initiatives in Quebec and Ontario.

During his tenure, he’s also overseen the integration of the State Farm teams that joined Desjardins following the acquisition of the insurer’s Canadian operations in 2015. The acquisition also brought with it a new distribution network, where Desjardins products are now being sold. Under his leadership, Desjardins has also forged a new partnership with the provincial credit union centrals and CUMIS to create a new company, Aviso Wealth, which is already one of Canada’s leading wealth managers. In Europe, he is continuing to focus on Desjardins’s mutually beneficial relationship with Crédit Mutuel, while further strengthening ties to the continent through a new partnership with France’s Siparex Group.

In 2018, Guy was appointed chair of the advisory committee for the city of Montreal’s commercial development plan, one of many commitments he’s made over the years to healthcare, education and youth services organizations. Throughout his career, he’s been a vocal supporter of shared prosperity, a more inclusive economy and sustainable development.

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