CWB Financial Group 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. 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.