A Bay Street sign is seen in Toronto’s financial district.© Mark Blinch / Reuters
The Canadian Bankers Association has found its new chief executive, naming Neil Parmenter to lead the banking industry's main lobby group.
Mr. Parmenter will start his new job on May 1, succeeding Terry Campbell, who has served as the association's CEO for six years and signalled last fall that he would retire.
The CBA, which represents 61 domestic banks and foreign bank subsidiaries, is a central voice that often speaks on behalf of the industry on public policy issues, including for the Big Six banks.
"We are pleased to have Neil lead the CBA and are confident his extensive knowledge of banking and hands-on experience in government relations will ensure he is an effective voice for the industry," Cameron Fowler, chair of the CBA's executive council, said in a news release.
Mr. Parmenter comes to the CBA from Toronto-Dominion Bank, where he is currently senior vice-president of global corporate and public affairs, as well as the bank's chief communications officer. In that role, he's counselled TD's CEO, Bharat Masrani, and other senior executives on government relations and communications.
"We have a very competitive and strong banking sector that plays a significant role in the Canadian economy and helps Canadians achieve their financial goals," Mr. Parmenter said in a statement.
James Bradshaw