Press Releases

National Bank’s Private Investment Management posts growth of 25%

Montreal, 15 May 2007 -

Assets under discretionary management at National Bank Trust’s Private Investment Management service totalled $6.4 billion for the period just ended, a 25% increase from the previous period.

Already recognized as a leader in discretionary asset management for wealthy clients, National Bank was ranked the sixth largest private investment management firm in a recent study by Investor Economics.

“This success is attributable to a number of factors, including our portfolio structuring and sound asset management,” explained Éric Laflamme, President and Chief Executive Officer of National Bank Trust. “By combining diversified management styles with diversified securities, we can ensure a better balance between risk and return over the long term. What’s more, the 400 or so financial planners who serve all Bank branches maintain a special relationship with clients and closely monitor their files,” Mr. Laflamme added.

The key to client satisfaction with National Bank Trust’s Private Investment Management service is a management philosophy that strives to achieve a healthy balance between capital preservation and long-term growth. Its disciplined and structured management style contributes to superior performance in a variety of economic contexts.

National Bank Trust serves more than 12,000 clients and its Private Investment Management service includes financial planning and trust services in addition to investment portfolio management.

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. 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. 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

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