Three National Bank Officers among Canada’s Most Powerful Women

Montreal, 10 November 2004 - 

Patricia Curadeau-Grou, Gisèle Desrochers and Alice Keung of National Bank have been named to the ranks of Canada's Most Powerful Women: Top 100 by the Toronto-based Women's Executive Network (WXN).

All three women were recognized in the Corporate Executives category, which spotlights individuals who hold the most senior positions among women in Canada's largest publicly traded and privately owned companies. Ms. Curadeau-Grou, Ms. Desrochers and Ms. Keung have all built outstanding reputations as dedicated leaders who have contributed significantly to the performance of National Bank of Canada.

Ms. Curadeau-Grou, Senior Vice-President – Risk Management, is one of only a few women to hold such a position in Canada. She oversees the strategic management of operational, credit and market risk for National Bank and its subsidiaries. During the past few years, she has successfully established a strong risk management-based culture. She and her team have introduced a robust and effective risk management framework. Today, National Bank compares favourably with the major Canadian banks in risk management, and its achievements in this area are recognized by the financial markets.

As Senior Vice-President – Human Resources and Operations, Ms. Desrochers has the dual responsibility of developing National Bank's human resource policies and practices and optimizing its operational processes. Drawing on her strengths as a leader and innovator, Ms. Desrochers has instituted an array of programs to foster employee engagement and a stimulating work environment. Her accomplishments include the introduction of a human resources management system which, coupled with a continuing education program, is designed to optimize National Bank's performance.

In her role as Senior Vice-President – Information Technology and Chief Information Officer, Ms. Keung has overseen National Bank's IT and telecommunications activities since July 2003. She is also responsible for establishing the Bank's technological innovation action plan.   Since joining National Bank, Ms. Keung has played a key role in aligning the IT strategy with corporate objectives in order to create added value for Bank clients. She has also implemented changes to enhance the delivery capacity and quality of IT operations.

Canada's Most Powerful Women: Top 100 is an initiative of the Women's Executive Network, a leading organization dedicated to the advancement and recognition of executive-minded women, and the Richard Ivey School of Business at the University of Western Ontario, which offers full-time undergraduate and graduate degree programs (MBA and PhD). The program celebrates Canada's most accomplished women.

Photos of the award recipients and their complete biographical notes are available on request. Please contact Denis Dubé at (514) 394-8644 for an electronic copy.

About the 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 $84 billion and, together with its subsidiaries, employs close to 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 
www.nbc.ca.

Information: (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives):

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