Laurentian Bank has donated $300,000 to the John Molson School of Business at Concordia University in Montreal for student scholarships and a professorship on risk management, the university announced on Thursday.

The donation represents the largest gift the Laurentian Bank has made to Concordia.

The professorship will focus on the study of integrated risk management as a strategic tool for financial institutions that are increasingly facing interconnected and uncertain global markets.

“We are delighted to be able to contribute to the development of this leading academic institution,” said Laurentian Bank president and CEO Réjean Robitaille. “The success of our institution is directly linked to the calibre our current and future employees, and consequently, to the quality of their education. That is why, for a number of years now, we have been so committed to the development of our human capital as one of our three fundamental priorities. Our gift to the John Molson School of Business is fully aligned with this commitment.”

Concordia president and vice-chancellor Judith Woodsworth said the gift would be beneficial to the university’s research activities going forward.

“The Laurentian Bank’s generous contribution to Concordia and the JMSB will allow us to continue to innovate and lead the way in teaching and emerging research fields,” Woodsworth said.

IE