Guy Cormier, MBA - Biography

Montreal, Quebec

Desjardins Group President and CEO 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 École des hautes études commerciales (HEC Montréal), where he earned both a bachelor's degree and an MBA. He also taught finance there for nearly 8 years. He started at Desjardins in 1992 and has been general manager of several caisses within the network. From 2009 to 2012, he was Vice-President of Cooperative Network Finance. 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 in 2013. He was elected President and CEO of Desjardins Group in 2016. Guy also served as chair of Desjardins General Insurance Group from 2016 to 2018 and is currently chair of Desjardins Financial Security.

Since being elected President and CEO, Guy has worked hard to instill a strong member- and client-focused corporate culture. He encourages innovation and has fast-tracked the organization's digital transformation. He also set up a $100 million development fund to support local and regional community initiatives.

Under Guy's direction, Desjardins Group has continued to grow, including through its acquisition of State Farm's Canadian operations. 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.

Guy is actively involved in a number of community organizations, including the fundraising campaigns of Fondation Forces AVENIR, Le Diamant theatre in Quebec City, Fondation Madeli-Aide and the Foundation of Saint Joseph's Oratory of Mount Royal. He's also active with the Fondation Hôtel-Dieu de Lévis, the Montreal Heart Institute and Domaine Forget. Guy sits on the boards of HEC Montréal, the Conference Board of Canada and Fondation Forces AVENIR.

Other roles at Desjardins

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