Louis Vachon is currently the chief executive officer of National Bank of Canada, the 6th largest bank in Canada.
15 Facts About Louis Vachon
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Louis Vachon announced his intention to retire on October 31,2021, after nearly 15 years in the role.
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Louis Vachon has been CEO since 2007, previously serving as the bank's chief operating officer.
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Louis Vachon was named CEO of the Year by Canadian Business in 2014, and the following year he received mixed media coverage for being the highest compensated banking executive in the country.
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Louis Vachon is a Member of the Order of Canada and of the Ordre de Montreal and a recipient of the Global Citizens Award from the United Nations Association in Canada.
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Louis Vachon's family started an eponymous pastry company and his father served as the Dean of School of Business at Sherbrooke University.
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Louis Vachon entered Bates College, in Lewiston, Maine in 1979 and became interested in finance early on.
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Louis Vachon began his career in 1985 at Citibank and joined Levesque Beaubien Geoffrion in 1986.
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Louis Vachon then moved to Bankers Trust in 1990 where he stayed for six years.
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Louis Vachon became the president and chief executive officer of Innocap Investment Management, a subsidiary of National Bank of Canada in 1996.
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Louis Vachon eventually became the CEO and president of National Bank Financial, the 4th largest investment bank in Canada.
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Louis Vachon was appointed President and Chief Executive of National Bank of Canada on February 2,2007.
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In November 2012, Louis Vachon announced that the bank was letting go of nearly 300 jobs in order to tighten expenses and create a streamlined infrastructure.
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Louis Vachon's compensation totaled $7,618,503 in 2015, with a base pay of $1,083,333, with other compensation adding up to $6,344,803.
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Louis Vachon has received numerous awards and honors for his work in Canadian investment banking and corporate leadership.