Guy Cormier, MBA - Biography

President and Chief Executive Officer, Desjardins Group

Guy Cormier has been President and Chief Executive Officer of Desjardins Group since April 2016. Desjardins is the leading cooperative financial group in Canada and sixth in the world, with assets of over $248 billion. It is one of the 20 largest employers in the country, supported by the skills of its 47,000 employees and the commitment of more than 5,000 elected officers. Drawing on the strength of its caisse network in Quebec and Ontario and its subsidiaries across Canada, Desjardins Group offers a full range of financial products and services to its millions of members and clients. Desjardins specializes in wealth management, life and health insurance, property and casualty insurance, personal services, and business and institutional services.

Mr. Cormier has been with Desjardins since 1992, and was General Manager of several caisses in the network. He was Vice-President of Cooperative Network Finance from 2009 to 2012, before being appointed Vice-President of Cooperative Network, in 2012, and then Senior Vice-President of Cooperative Network and Personal Services in 2013.

Mr. Cormier has always encouraged audacity, agility and innovation to improve the experience of members and clients. Under his leadership, the organization's AccèsD Services earned their 11th Customer Operations Performance Center (COPC) certification, making Desjardins the only financial institution in the world to hold the certification that long. It was also under Mr. Cormier that new innovative technology-focused service centres were launched, earning several awards internationally.

In 2014, he was invited to give lectures and take part in round tables for events organized by the World Health Organization and the International Summit of Cooperative.

In 2013, the Quebec MBA Association recognized Mr. Cormier as one of 40 Quebecers with a major influence on business in the province.

He was selected as one of 55 leaders for the 2011 G20 Youth Summit to provide valuable input to International Monetary Fund, World Bank and European Bank managers.

Mr. Cormier is a graduate of École des Hautes Études commerciales (HEC), where he earned both a Bachelor of Business Administration and an MBA, as well as teaching finance for eight years. He is actively involved in a number of community organizations including the fundraising campaigns for Université du Québec à Rimouski, the Lakeshore General Hospital Foundation and the Maison Victor-Gadbois palliative care centre.