On November 1, Canada’s former finance minister Bill Morneau completed his butterfly-like transition and burst forth from the chrysalis of the financial sector in Canada’s government to serve in the financial sector on the board of Canada’s fifth-largest bank. It’s just the latest reminder that Canada’s “natural governing party” is basically a bunch of plutocrat lackeys in a trench coat.

On October 18, the Canadian Imperial Bank of Commerce (CIBC) issued a press release announcing Morneau’s coming directorship. Touting the ex–finance minister’s “extensive” experience in and out of the private and public sectors, the release lauded his “strategic insight and breadth of leadership.”

Morneau isn’t the only Justin Trudeau cabinet alumnus to join the bank’s board. Last year, shortly after the election, Trudeau’s Henry Kissinger–embracing industry minister, Navdeep Bains, joined the bank as vice-chair of global investment banking. However, Morneau’s is undoubtedly the more revealing case. The man, applauded by the prime minister for his “transformational” role as one of Canada’s longest-serving finance ministers, is noteworthy for being the Liberal Party’s most vocal proponent of cuts for workers and handouts for the rich.