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SYSTEM RELEASE - Monday, May 28, 2018

Concentra Bank Names Philippe Sarfati as Chief Risk Officer

May 28, 2018 (Regina, SK): Concentra Bank announced the appointment of veteran risk management executive, Philippe Sarfati, as Chief Risk Officer, effective June 18, 2018.

Concentra's President and Chief Executive Officer, Don Coulter highlighted Mr. Sarfati's depth and breadth of expertise saying, "Philippe brings extensive domestic and international experience in risk management governance and regulatory compliance, with a particular focus on integration of credit, market, operational, reputational, legal and regulatory risks. He is an engaging and energetic leader who will be instrumental in guiding Concentra forward as we continue to mature and refine our risk management portfolio."

Mr. Sarfati's nearly three decade career in the financial services industry has seen him serve in myriad roles including within the Canadian credit union system, Bank of Montreal, Canada Pension Plan Investment Board, the Office of the Superintendent of Financial Institutions, and most recently with Promontory Financial Group.

Describing his new role, Sarfati remarked, "As Concentra's CRO I look forward to contributing to the delivery of Concentra's mission and vision of growth and market relevance, while building on the strong foundation of its risk management framework."

Concentra is Canada's primary provider of wholesale banking and trust solutions to credit unions from coast to coast. We specialize in asset management, treasury, and trust solutions to improve performance, manage risk, and grow relationships. Concentra partners with credit unions to ensure over five million Canadian members can choose competitive financial services from their local credit union. 2017 was the fifteenth year Concentra earned distinction as one of Canada's Best Managed Companies, retaining Platinum status.



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Media Relations:
Laura Herman
P: 306-956-7089