Guy Cormier, President and CEO of Desjardins Group, MBA - Biography

Montreal, Quebec

Desjardins Group President and CEO and Chair of the Board of Directors since 2016
Expert in the fields of cooperative governance and strategic management

Other key areas of expertise

  • Leadership and culture
  • Finance
  • Insurance industry
  • Responsible investment and sustainable development
  • Digital shifts

Professional experience

Guy is a graduate of HEC Montréal, where he earned both a bachelor's degree and an MBA. He also taught finance there for close to 8 years. He started at Desjardins Group in 1992, assuming a number of roles in the caisse network before becoming a general manager in 2002. He joined Desjardins Group's senior management team in 2012 as Senior Vice President of the Caisse Network before being appointed Senior Vice President of the Caisse Network and Personal Services. Throughout his career, he has pushed for bold and innovative measures to improve the member and client experience.

Since being elected President of Desjardins Group in the spring of 2016, Guy Cormier has worked hard to instill a strong member- and client focused corporate culture in every one of Desjardins's 49,000 employees and 2,500 directors. He also established a youth advisory board, where members aged 18 to 35 provide insight on the work being done by the board of directors and management committee.

Under Guy's direction, Desjardins Group created the $250 million GoodSpark Fund to support projects with a lasting community impact, underscoring Desjardins's leadership on socioeconomic issues. Guy Cormier is also an ardent defender of the cooperative model, shared prosperity, and a greener and more inclusive economy.

To support youth and help them find their way, in 2020 Guy became a sponsor of the Academos mentoring program in Quebec, where he has now also taken on the role of mentor.

Other roles at Desjardins

  • Chair, Desjardins Technology Group and Desjardins Trust
  • Chair, Desjardins Financial Corporation Inc.
  • Former Chair, Desjardins Financial Security and Desjardins General Insurance
  • Chair, Alphonse Desjardins Historical Society
  • Chair, Desjardins FSB Holdings, Inc.
  • Chair, Desjardins Foundation
  • Director, Desjardins Security Fund
  • Desjardins Group board committees and commissions:
    • Chair, Executive Committee
    • Member, Human Resources Commission
    • Member, Corporate Governance and Responsible Finance Commission