Press Releases

Pascal Duquette to join Natcan Investment Management

Montreal, 19 May 2004 -

Natcan Investment Management is pleased to announce that Pascal Duquette will be joining its team on May 31, 2004.  In his capacity as Senior Vice-President, Mr. Duquette will be responsible for managing all international and global equities mandates in addition to serving as the firm's Chief Investment Officer.

Highly respected within the industry, Mr. Duquette has over 18 years of experience managing portfolios.  He has held several portfolio management positions at Canadian National Railway Company (CN), including that of Manager – International Equities since 1998.  Mr. Duquette has a Master's in finance and economics from the École des Hautes Études Commerciales in Montreal and is a Chartered Financial Analyst. 

Mr. Duquette is a welcome addition to the Natcan team.  “His management approach ties in perfectly with the philosophy we have developed over the years,” stated Sam Reda, Natcan's President and Chief Operating Officer.  “I am confident that Mr. Duquette's expertise, coupled with that of our existing portfolio managers, will ensure Natcan's continued success and enable it to remain one of Canada's leading institutional managers.”

The arrival of Mr. Duquette coincides with a new bottom-up approach to international equities, which favours the selection of individual stocks.  Preserving capital will remain a top priority, as evidenced by a value bias and disciplined buying and selling of securities.  Plans are also underway to implement a global research platform for sharing various sector analysis tools and to hire new managers and analysts. 

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 more than $25 billion in assets under management and 120 employees.

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 close to $81 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
Manager, Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644