Massey Henry Fills Chief Risk Officer Position for Peoples Group
November 20, 2024 – A chief risk officer is crucial for identifying, assessing, and mitigating risks that could jeopardize an organization’s financial stability, reputation, and compliance with regulations. They provide a strategic, organization-wide view of risks, enabling informed decision-making and fostering a culture of risk awareness. Identifying chief risk officers has kept executive search firms busy in recently months. Toronto-based executive search firm Massey Henry recently helped to recruit Liam Mason as the new chief risk officer of Peoples Group. Mr. Mason is a seasoned financial services executive, with an extensive background in risk and credit management, treasury, legal affairs, and liquidity risk, across the North American banking sector.
With over 35 years in the industry, Mr. Mason brings a wealth of experience and expertise to Peoples Group, having served previously as the chief risk officer at Laurentian Bank of Canada, responsible for overall risk management. He was chairman of the board for a number of group companies including Laurentian Bank Securities, B2B Bank, Trust and Dealer Services companies. He was also chair of credit committee and corporate risk committee. Before Laurentian, Mr. Mason held various senior leadership roles at CIBC and JP Morgan in their risk and treasury functions. Mr. Mason also spent time at OSFI in bank supervision.
“We are thrilled to have Liam on board to support our continued growth,” Peoples Group said. “Please join us in welcoming Liam to the team!”
In September, Massey Henry placed Tim Wilson as the new CFO of Peoples Group. Current CFO Samson Lim is retiring later this year. “Massey Henry is pleased to have once again served as a trusted partner of Peoples Group — this time in the appointment of Tim Wilson as chief financial officer,” Massey Henry said in a LinkedIn post. “Tim is a strategic senior finance executive with experience across the banking, retail, payments, and wealth management sectors, including with organizations such as Equitable Bank, VISA, and RF Capital Group. Congratulations and all the best in your new role, Tim.”
Peoples Group has been providing a tailored suite of financial solutions and delivering world-class customer interactions, since 1985. We have grown substantial market share in the insured commercial lending space and are the leading issuer of prepaid payment cards as well as an innovative merchant acquirer.
Launched in 2021, Massey Henry is an executive search and board advisory firm specializing in financial services and the public sector. Michael Henry is the founder and managing partner of the firm. He said the firm’s aim was to set a new standard for executive recruiting with a streamlined, collaborative approach that enables organizations to recruit diverse top talent for urgent, transformational roles.
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Mr. Henry specializes in leadership recruitment for financial institutions, asset management, insurance, financial and risk management, and securities and non-securities regulation organizations across Canada. In addition to his core executive search work, Mr. Henry serves as an advisor to boards of directors on their overall composition, capabilities, and succession planning strategies at public sector and financial services institutions.
Using AI Technology and Sector Expertise
Using artificial intelligence technology combined with sector expertise, Massey Henry provides candidate research and a diverse candidate pool, while using custom criteria to assess each candidate for fit. Clients have 24/7 access to their search process which is designed to enhance decision-making and reduce timelines by half.
The firm is backed by an experienced advisory board of top leaders, including George Cooke, board chair of OMERS; Bill Hatanaka, board chair of Ontario Health; Johanne Brossard, board director and former president and CEO of ING Direct Canada; Eric Wetlaufer, board director of Investment Management Corporation of Ontario and the TMX Group; Lynne Kilpatrick, board director and senior retail banking executive; and Sharon Pel, chair of the board of trustees for OPTrust.
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Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
