Press Releases

Natcan Investment Management announces new manager and portfolio manager of The Natcan QSSP II Investment Fund Inc.

Montreal, 27 February 2012 -

Natcan Investment Management Inc. (“Natcan”), the manager and portfolio manager of Natcan QSSP II Investment Fund Inc. (the “Fund”), has announced that, on or about April 30, 2012, the roles of manager and portfolio manager of the Fund, currently performed by Natcan, will be assumed by Fiera Sceptre Inc. (“Fiera”), subject to the closing of the transaction described below.

This change follows the announcement by National Bank of Canada (the “Bank”) and Fiera that they have entered into an asset purchase agreement under which Fiera will acquire Natcan’s business from the Bank. Natcan’s operations will be fully integrated into Fiera’s existing business. The transaction is subject, among other things, to obtaining regulatory approvals, the signing of certain ancillary agreements and the approval of Fiera’s Class A shareholders. An annual and special meeting of Fiera’s Class A shareholders is to be held for this purpose on March 29, 2012. The change of manager and portfolio manager of the Fund is also subject to the approval of the holders of Class A shares of all series of the Fund. At the closing of the transaction, on or about April 30, 2012, the Bank will hold a minority interest in Fiera through Natcan.

About Natcan
Natcan is a subsidiary of National Bank of Canada that provides asset management services to pension funds, mutual funds, insurance companies, exchange-traded funds, foundations and other institutional clients. With $25 billion in assets under management and more than 45 investment professionals in its Montreal and Toronto offices, Natcan offers a diversified and comprehensive range of products across all global markets and multiple investment styles. It’s highly disciplined and rigorous risk-management approach focuses on fundamental analyses, an approach all of our investment managers implements with utter conviction and unrivaled integrity. For more information, visit

About National Bank of Canada
National Bank 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. As at October 31, 2011, National Bank has over CDN$156 billion in assets in accordance with Canadian GAAP and, together with its subsidiaries, employs more than 19,000 people. The Bank’s securities are listed on the Toronto Stock Exchange (TSX: NA). For more information, visit the Bank’s website at To access National Bank’s financial literacy portal, visit

About Fiera
Fiera is a leading publicly traded, independent investment firm. The Firm is one of only a handful of full service, multi-product investment firms in Canada, offering clients a proven top tier track record in equity and fixed income management as well as depth and expertise in asset allocation and alternative investments. For more information, visit

Additional information relating to the Firm, including the Firm’s annual information form, is on SEDAR at

Information (The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.):

Joan Beauchamp
Senior Advisor, Public Affairs
National Bank
Tel.: 514 394-6500