Gisèle Wilson Appointed Chief Investment Officer of Natcan Investment Management Inc.

Montreal, 25 November 2002 - 

Sam Reda, President and Chief Operating Officer of Natcan Investment Management Inc., is pleased to announce the appointment of Gisèle Wilson to the position of Chief Investment Officer.

“It is with great enthusiasm that we welcome Gisèle Wilson onto our team.  Her extensive expertise in portfolio management, and especially mutual fund management, will further strengthen the position Natcan Investment Management Inc. enjoys as a leader in this industry in Quebec and the rest of Canada,” Mr. Reda stated.  Ms. Wilson, who assumed her new position on November 1, is responsible for overseeing Natcan's portfolio management processes, specifically by coordinating research, portfolio design methodology and risk control.  “My main challenge will be to obtain maximum benefit from the synergy generated by all the portfolio management resources in the National Bank group and to continue to give our customers performance and quality that meet the highest standards,” Ms. Wilson explained.

Ms. Wilson has held various positions in the investment industry during more than 19 years in the field, including President, Chief Operating Officer and Chief Investment Officer of TAL Fund Management as well as Associate Global Chief Investment Officer at TAL Global Asset Management Inc.  She is known for her business acumen particularly in her role as one of the co-founders of William Mercer's asset management consulting practice in 1990 and the founder of the Montreal office of Fleming Canada Partners in 1994.

About Natcan Investment Management Inc.

Founded in 1990, Natcan Investment Management Inc. is a National Bank subsidiary that is 25% held by its management team. Recognized as one of the largest institutional fund managers in Canada, Natcan Investment Management Inc. specializes in portfolio management for pension funds, endowment funds, pooled funds and wealth management.  It favours a versatile management style focused on value creation, capital preservation and a disciplined approach.  Natcan Investment Management Inc., whose activities extend to markets around the world, has $17.8 billion in assets under management and 65 employees.

About National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking.  It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management.  The National Bank has assets of over $75 billion and, together with its subsidiaries, employs over 17,000 people.  The Bank's securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank's website at

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Information (the following telephone number and e-mail address are intended solely for the use of journalists and other media representatives):


Denis Dubé
Director of Public Relations
National Bank of Canada
Tel.: (514) 394-8644