The Globe and Mail reports in its Thursday, April 4, edition that Kelsey Gunderson, the head of capital markets at Laurentian Bank of Canada, is leaving as the bank prepares for a turnaround plan following a turbulent year. The Globe's James Bradshaw writes that in the fall of 2019, Mr. Gunderson was appointed as the chief executive officer of Laurentian Bank Securities. However, it has been announced that he will no longer be serving in this role. Brian Doyle, who is currently the chief financial officer for capital markets, will temporarily take over as the acting head of capital markets and CEO of the securities arm. Mr. Gunderson came to Laurentian as an experienced executive in equity sales and trading after he spent a dozen years at BMO Nesbitt Burns. He led Laurentian Bank's capital markets business through a period of upheaval that included the COVID-19 pandemic, a withdrawal from direct financing to the oil and gas industry and a sharp run-up in interest rates that upended markets. Over that span, Laurentian CEO Eric Provost credited Mr. Gunderson with "improving the bank's syndicate position with many of our major clients, delivering solid risk-adjusted revenues in a highly volatile macroeconomic environment."