Key Partnership Between Natcan Investment Management and the Canadian Institute of Actuaries
Montreal, 22 September 2011 -
Natcan Investment Management Inc. (Natcan) and the Canadian Institute of Actuaries (CIA) are pleased to announce their new partnership to develop an accounting discount curve.
Natcan’s CIA Method Accounting Discount Rate Curve will help support Canadian actuarial practice by providing a benchmark for the valuation of pension and benefit plan liabilities. The curve will be available on Natcan’s website: www.natcan.com.
Natcan’s collaboration with the CIA demonstrates its commitment as a leading provider of specialized investment solutions and its desire to meet the needs of pension and benefit plan sponsors.
About Natcan Investment Management Inc.
Founded in 1990, Natcan Investment Management Inc. is a National Bank subsidiary that is 14% held by its management team. Recognized as an important institutional fund manager in Canada, Natcan Investment Management specializes in portfolio management for pension funds, endowment funds, pooled funds and wealth management. As at June 30, 2011, it had approximately $26 billion in assets under management and employed over 100 employees. For more information about Natcan, please visit its website: www.natcan.com.
About the Canadian Institute of Actuaries
The Canadian Institute of Actuaries is the national organization of the actuarial profession. The Institute is dedicated to serving the public through the provision, by the profession, of actuarial services and advice of the highest quality. In fact, the Institute holds the duty of the profession to the public above the needs of the profession and its members. Actuaries employ their specialized knowledge of the mathematics of finance, statistics and risk theory on problems faced by pension plans, government regulators, insurance companies (both life and property/casualty), financial institutions, social programs and individuals. For more information about the CIA, please visit www.actuaries.ca.
About National Bank of Canada
National Bank of Canada is an integrated group that 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 over $153 billion in assets and, together with its subsidiaries, employs 19,217 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. To access National Bank’s financial education portal, visit www.clearfacts.ca.
Senior vice president, Distribution
Project Manager, Public Affairs
Canadian Institute of Actuaries
613-236-8196, ext. 107