Press Releases

National Bank donates $1 million to the John Molson School of business (JMSB)

Montreal, 9 February 2004 -

Concordia University rector Frederick Lowy, Réal Raymond, President and CEO of the National Bank and Tony Meti, Senior Vice-President Commercial Banking - International National Bank, and a graduate of Concordia University, are pleased to announce the establishment of a new PhD fellowship program - The National Bank Fellowships - at the John Molson School of Business. The $1 million gift will support the work of doctoral candidates in the field of finance.

"Supporting education is of paramount importance to the National Bank. The creation of fellowships for research in finance reflects our values, founded on expertise and research excellence," said Raymond. "The Bank is always seeking highly qualified candidates. This program will enrich financial research in Quebec and will benefit not only the National Bank, but the entire financial sector," added Meti.

The fellowship program will target 50 students working towards a PhD in finance over the next ten years – 5 students per year. Each fellowship will be worth $20,000 and will provide an important source of support for the students who qualify.

"We are proud to join forces with the National Bank to train doctoral students in finance," said Jerry Tomberlin, Dean of the JMSB. "These fellowships will help fill the present void of finance professors who will, in turn, play a role in training the financial leaders of tomorrow."

The John Molson School of Business has been recognized in the 2004 international business school rankings of the Economist Intelligence Unit, Forbes Magazine, The Wall Street Journal, and The Financial Times of London. JMSB also ranked 2nd in all of Canada in Corporate Knights for incorporating social responsibility into its curriculum. The Business School offers a full range of undergraduate and graduate programs as well as specialized programs in aviation, investment management, sport and not-for-profit administration.

About National of Canada

The 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 $82 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.

Sources:

Christina Mota
Coordinator, Media Relations and Special Events
Concordia University
Tel.: (514) 848-2424, ext. 4884 
E-mail : chris.mota@concordia.ca

Denis Dubé
Manager, Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644
E-mail : denis.dube@nbc.ca