EDMONTON, AB, March 1, 2022 /CNW/ - CWB Financial Group (TSX:
CWB) today announced Sarah
Morgan-Silvester, OBC, has been unanimously selected by her
fellow directors as CWB's new Board Chair, subject to her
re-election as a director at CWB's annual general meeting
on April 7, 2022. Morgan-Silvester will succeed Robert (Bob) Phillips, who will retire at the
conclusion of the annual general meeting, having served as Board
chair for the past six years and as a CWB director since 2001.
"I am honoured to take on this role at such an incredible time
for CWB," said Morgan-Silvester. "Our strong differentiated
business model, focus to deliver an unrivaled client experience,
and continued growth in Ontario
positions us well to offer ongoing value for our stakeholders. I
appreciate the Board's confidence, and look forward to continuing
to work with my fellow directors and our talented management team
to further CWB's strategic priorities and build on the achievements
realized under Bob's exceptional leadership."
"CWB's Board of Directors will absolutely benefit from Sarah's
conscientious leadership, strong business acumen, and wealth of
knowledge and experience in financial services," said Phillips.
"She has played a critical role in oversight of development of
CWB's risk framework as the inaugural chair of our Risk Committee,
and always brings a thoughtful, strategic perspective to the
table."
Morgan-Silvester is a Corporate Director with a background in
financial services and was previously EVP, Personal Financial
Services and Wealth Management of HSBC Bank Canada,
and President and CEO of HSBC Trust Company (Canada). She served in the past as Chancellor
of the University of British
Columbia, Chair of Vancouver Fraser Port Authority, Chair of
BC Women's Hospital and Health Centre Foundation and as a director
of ENMAX Corporation, the C.D. Howe Institute, the Vancouver
Foundation, and Family Services of the North Shore.
Morgan-Silvester received a Bachelor of Commerce (Hons) from
the University of British Columbia and
is a Fellow of the Institute of Canadian Bankers. She also holds
a Human Resources and Compensation Committee designation from
the Directors College. Morgan-Silvester was a recipient of the
Queen Elizabeth II Diamond Jubilee Medal, Association of Women in
Finance Lifetime Achievement Award, Influential Women in Business
Lifetime Achievement Award, WXN's Canada's Most Powerful Women: Top 100 award
and has been appointed to the Order of British Columbia. She first joined CWB's Board
of Directors in 2014 and has served as Chair of the Risk Committee
since it was formed in 2015.
About CWB Financial Group
CWB Financial Group (CWB) is the only full-service financial
institution in Canada with a strategic focus to meet the
unique financial needs of businesses and their owners. We provide
nation-wide full-service business and personal banking, specialized
financing, comprehensive wealth management offerings, and trust
services. Our teams deliver a uniquely proactive and differentiated
level of service to clients in targeted industries where we have
deep expertise. Clients choose CWB for our highly personalized
service, specialized expertise, customized solutions and faster
response times.
As a public company on the Toronto Stock Exchange (TSX), CWB
trades under the symbols "CWB" (common shares), "CWB.PR.B" (Series
5 preferred shares) and "CWB.PR.D" (Series 9 preferred shares). We
are firmly committed to the responsible creation of value for all
our stakeholders and our approach to sustainability will support
our continued success. Learn more at cwb.com.
SOURCE CWB Financial Group