MONTREAL, Dec. 10, 2013 /CNW Telbec/ - Desjardins Group has boosted its
support for Campus Montréal, the joint fundraising campaign by HEC
Montréal, Polytechnique Montréal and Université de Montréal, to
$4.5 million. As part of the Campus Montréal campaign, Desjardins today
made a sizeable gift of $3.5 million to HEC Montréal. This generous
donation comes on top of another $1 million that Desjardins has already
contributed to Polytechnique Montréal.
The gift to HEC Montréal will allow the School to carry out ongoing
research and study projects on the co-operative model. Hélène
Desmarais, Chairperson of the Board of HEC Montréal, welcomed this
exceptional support, noting how "This new partnership with Desjardins
will contribute to our mission of training the next generation of
managers and entrepreneurs by allowing us to better understand the
co-operative approach to business development."
An evolving, highly fruitful relationship
HEC Montréal Director Michel Patry is also delighted with this support.
He notes that HEC Montréal and Desjardins Group already have a long
history of collaboration, and that he felt it was time to put the
relationship on a more formal footing. "The co-operative model has been
attracting growing interest around the world since 2008, since
co-operative businesses more easily weathered the crisis. We want to
better understand this phenomenon and train the next generation of
managers so that they are even better equipped to contribute to our
society's development." In the coming months, HEC Montréal and
Desjardins Group will be announcing some specific projects resulting
from this partnership.
Desjardins Group, Canada's leading co-operative financial group, has
hundreds of HEC Montréal graduates in its ranks. For Chair of the
Board, President and Chief Executive Officer Monique F. Leroux, this
partnership with HEC Montréal will benefit everyone. "Quebec has about
3,000 co-operatives in all sectors of the economy. For these
businesses, as for any business, management excellence is a key to
success. And management excellence is exactly what HEC Montréal
represents. By working together we will contribute to the growth and
recognition of co-operatives."
Fundamental support for Polytechnique Montréal
The announcement of this remarkable donation to HEC Montréal was also an
opportunity to salute the significant impact of the partnership between
Desjardins and Polytechnique Montréal since 2007. "The contribution by
the Desjardins Group has supported technological advances and the
development of scientific knowledge in the area of sustainable
development. We have created admission scholarships for deserving
students, set up a 6-credit integrative project in sustainable
development for students from all the Polytechnique's engineering
programs and from the Université de Montréal's Faculty of Architecture,
and created Place Alphonse-Desjardins, which has become a highly
popular meeting place for our students. Excellence, education and
student life - that is the impact of philanthropy on our institutions,"
explains Christophe Guy, CEO of Polytechnique Montréal.
"This generous donation by Desjardins shows the growing interest on the
part of the business community, which sees the immense strategic
importance of a world-class university complex for Montréal. This
notion of active citizenship, of shared responsibility, bodes very well
for Quebec's future," says Guy Breton, Rector of the Université de
About Campus Montréal
Campus Montréal is the umbrella organization bringing together HEC
Montréal, Polytechnique Montréal and Université de Montréal for a joint
fundraising campaign. These three institutions make up the biggest
Francophone university complex in the world, and the leading centre of
university research in Canada. The institutions that make up Campus
Montréal are in the top one per cent of the world's best universities.
John Parisella is Executive Director of the Campus Montréal major
fundraising campaign, with Louise Arbour, Hélène Desmarais, Geoffrey
Molson, Michael Sabia and Thierry Vandal serving as co-chairs. With a
goal of $500 million, this is the most ambitious fundraising campaign
ever launched by French-language university institutions. To date, the
Campus Montréal major campaign has raised over $200 million.
About Desjardins Group
Desjardins Group is the fifth largest cooperative financial group in the world with
assets of $210 billion. To meet the diverse needs of its members and
clients, Desjardins offers a full range of products and services
through its extensive distribution network, online platforms and
subsidiaries across Canada. The group has one of the highest capital
ratios and credit ratings in the industry, and outranks all American banks as the fourth safest
and strongest bank in North America according to Global Finance magazine and Bloomberg News respectively. In keeping with their cooperative nature, Desjardins Caisses' surplus
earnings are reinvested into the communities they serve.
SOURCE: HEC Montréal
For further information:
Campus Montréal: Josée Deschamps, 514 397-4047 or email@example.com, to reach John Parisella, Executive Director.
HEC Montréal: Julie Lajoye, 438 823-1328 or firstname.lastname@example.org
Mouvement Desjardins: Francine BlackBurn, 514 281-7000, ext. 7544 or email@example.com
Polytechnique Montréal: Annie Touchette, 514 340-4415 or firstname.lastname@example.org
Université de Montréal: Mathieu Filion, 514 343-7704 or email@example.com