Management changes at National Bank

Montreal, 31 May 2007 - 

The members of the Board of Directors of National Bank have approved changes to the Bank’s management structure, effective immediately.

This seasoned team will support Louis Vachon, Chief Operating Officer, who will become President and CEO on June 1, 2007. The team is composed of the following members:

  • Michel Tremblay, Chief Operating Officer – Personal and Commercial Banking and Wealth Management. Mr. Tremblay was previously Senior Vice-President – Personal Banking and Wealth Management
  • Patricia Curadeau-Grou, Executive Vice-President – Finance, Risk and Treasury. Previously, Ms. Curadeau-Grou was Senior Vice-President – Risk Management
  • Gisèle Desrochers, Senior Vice-President – Human Resources and Corporate Affairs. Ms. Desrochers previously held the position of Senior Vice-President – Human Resources and Operations
  • Luc Paiement and Ricardo Pascoe, who remain Co-Presidents and Co-Chief Executive Officers of National Bank Financial Group
  • Mr. Cieslak joins the Bank as Senior Vice-President - Technology, Business Intelligence and Organizational Performance. Previously, he was Executive  Vice-President and Chief Information and Administration Officer at TSX Group.
  • Jean Dagenais, Senior Vice-President and Chief Financial Officer. Mr. Dagenais was previously Vice-President and Chief Accountant.  He replaces Pierre Fitzgibbon, who has accepted a new challenge at another company.

The purpose of these changes is to ensure the growth of the Bank while enabling it to maintain a balance between its financial objectives and the satisfaction of its clients, employees and shareholders.

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. 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. National Bank has more than $120 billion in assets and, together with its subsidiaries, employs 16,908 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 provided below is for the exclusive use of journalists and other media representatives):

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