As part of its Development Plan, Desjardins Group is adopting a new organizational structure



    Combine the vital forces of the Fédération des caisses Desjardins du
    Québec and the subsidiaries for the benefit of the caisses and their
    members.

    LEVIS, QC, May 14 /CNW Telbec/ - In order to consolidate its position in
the Canadian financial services market and to get closer to its cooperative
network and its members, Desjardins Group announces the establishment of a
simpler organizational structure, intended to optimize its overall
performance, ensure its growth and bolster its risk management.
    This new structure is in line with the Desjardins Group Development Plan
launched last fall by the Chair of the Board, President and CEO, Ms. Monique
F. Leroux. Under the Cooperate to shape our destiny theme, this plan provides
for Desjardins Group getting closer to its caisses, which are its driving
force. It will also enable all of Desjardins Group to optimize its performance
and accelerate its development, while drawing on the strength of its human
capital and reaffirming that its cooperative values are central to its action.
    "We will make sure that the combining of all our vital strengths and our
expertise will benefit our caisses, our members and clients, and the
communities where we are present. In other words, we will have a Group that is
close to its caisses and caisses that are close to their members." stated Ms.
Leroux.

    A structure built on key markets and integrated expertise

    Desjardins Group aims to build on the strengths and expertise of the
teams within the Fédération des caisses Desjardins du Québec (FCDQ) and the
subsidiaries in developing a more integrated service offer that better meets
the needs of its members and clients. Accordingly, it has established four
Business Sectors representing the key markets in which it operates: Wealth
management and Life insurance; Personal Services; Business Services; and
General insurance. All FCDQ and subsidiary teams working in these specific
fields will be brought together in each sector. Desjardins expects to boost
its performance significantly through the synergies that will result from this
integrated expertise.
    Similarly, to ensure greater consistency among Desjardins Group's key
activity sectors, four Desjardins Group Functions will expand their scope to
cover all the activities of the Fédération des caisses Desjardins du Québec
and the subsidiaries: Finance and Treasury; Risk Management; People and
Culture; and Technology and Operations. Following the forming of the Business
Sectors, all the relevant FCDQ and subsidiary teams within these sectors will
be brought together so as to consolidate expertise and optimize their
performance.
    To ensure that the objectives of this organizational shift are met
without losing sight of Desjardins Group's development as part of its
Development Plan, a sector called Strategy, Performance and Development has
been created. It will work with the Business Sectors and Desjardins Group
Functions mentioned above.
    Moreover, to support the restructuring and the Desjardins Group
Development Plan, the communications teams of the different components will
also be grouped together. This will ensure better consistency of
communications within the organization and with the general public.

    Increased proximity with the caisse network

    In order to support the caisses in their daily operations and encourage
collaboration between the caisse network, the Business Sectors and the
Desjardins Group Functions, a Cooperative Network Support group has been
established. This group will also help the cooperative network to increase its
participation and contribution to the growth and development of Desjardins
Group.

    Reaffirming the cooperative difference

    In addition, with a view to bringing the cooperative network closer to
the management of Desjardins Group, a group responsible for Support for
Cooperative Development and Democratic Bodies has been created. This group
will encourage the expression of a dynamic democracy through ongoing support
to officers and fluid communication with them as they carry out their role.
    "The participation of our general managers and elected officers in
Desjardins Group's business, as well as its democratic and cooperative aspect,
has always been an essential element of our reality as a cooperative. Through
these initiatives and others to come, we are further reaffirming our
distinction and recognizing more than ever that our caisses are the driving
force of our Group," declared Ms. Leroux.
    In addition to reaching the above business objectives, this
reorganization will provide greater consistency and effectiveness between the
teams, which will lead to recurring gains in productivity exceeding $150
million.

    Senior management appointments

    The Chair of the Board, President and CEO of Desjardins Group is pleased
to announce the following appointments, effective immediately.

    
    Business Sectors

    - Mr. Bruno Morin is appointed Senior Vice-President and General Manager,
      Wealth Management and Life Insurance. Mr. Morin will continue to carry
      out his current duties as General Manager of Caisse centrale
      Desjardins.
    - Mr. Normand Desautels is appointed Senior Vice-President and General
      Manager, Personal Services. He previously held the position of Senior
      Vice-President, Western Québec at the Fédération des caisses Desjardins
      du Québec.
    - Mr. Stéphane Achard is appointed Senior Vice-President and General
      Manager, Business Services. He previously held the position of Senior
      Vice-President, Business Markets at the Fédération des caisses
      Desjardins du Québec.
    - Ms. Sylvie Paquette is appointed Senior Vice-President and General
      Manager, General Insurance. She previously held the position of
      President and Chief Operating Officer of Desjardins General Insurance
      Group.

    Desjardins Group Functions

    - Mr. Raymond Laurin is appointed Senior Vice-President, Finance and
      Treasury and Chief Financial Officer of Desjardins Group. He previously
      held the position of Senior Vice-President and Chief Financial Officer
      of Desjardins Group. He will continue to act as Chief Financial Officer
      of Caisse centrale Desjardins and Capital Desjardins.
    - Mr. Louis-Daniel Gauvin is appointed Senior Vice-President & Chief Risk
      Officer. He previously held the position of Senior Vice-President,
      Integrated Risk Management of Desjardins Group.
    - Mr. Jacques Dignard is appointed Senior Vice-President, People and
      Culture. He previously held the position of Senior Vice-President,
      Human Resources of Desjardins Group.
    - Mr. Robert Ouellette is appointed Senior Vice-President of Operations &
      Chief Information Officer. He previously held the position of Vice
      President & Chief Information Officer at Alcan.

    Desjardins Group Communications

    - Ms. Marie-Huguette Cormier is appointed Executive Vice-President,
      Communications. She previously held the position of Managing Vice-
      President, Executive Affairs and Strategic Communications of Desjardins
      Group.

    Cooperative Network Support

    - Mr. Daniel Dupuis is appointed Senior Vice-President, Cooperative
      Network Support. He previously held the position of Managing Vice-
      President, Credit Risk at the Fédération des caisses Desjardins du
      Québec.

    Support for Cooperative Development and Democratic Bodies

    - Mr. Serge Cloutier is appointed Executive Vice-President, Cooperative
      Development and Democratic Governance Support. He previously held the
      position of General Manager of Caisse Desjardins Allard-Saint-Paul, in
      Montréal.

    Strategy, Performance and Development

    - Mr. Marc Laplante is appointed Senior Executive Vice-President,
      Strategy, Performance and Development. He previously held the position
      of Senior Vice-President, Fédération Finance and Credit / Desjardins
      Group Development.
    

    All of these people compose Desjardins Group's new Management Committee,
and report directly to the Chair of the Board, President and CEO.
    For his part, Mr. Bertrand Laferrière, the current President and Chief
Operating Officer of the Fédération des caisses Desjardins du Québec, has
expressed his wish to retire after 30 years with Desjardins Group. He has
agreed to act as special advisor to the Chair of the Board, President and CEO
of Desjardins Group. His duties as President and CEO of Desjardins Trust will
be assumed by Mr. Bruno Morin. Mr. Jacques Descôteaux will continue to assume
the roles of Chief of the Treasury of Desjardins Group, of Caisse centrale
Desjardins and of Capital Desjardins, under Mr. Raymond Laurin.
    "Like any business concerned about its longevity in a constantly changing
world, Desjardins Group has always adapted to its environment. Today we are
laying the groundwork for a financial group that remains dedicated to its
cooperative mission, and we are giving it the tools it needs to continue
growing and offer its members and clients a complete, competitive range of
financial products and services that is fully integrated and adapted to their
needs," added Ms. Leroux.

    About Desjardins Group

    Desjardins Group is the largest cooperative financial group in Canada,
with overall assets of close to $160 billion, as at March 31, 2009. It
comprises a network of caisses, credit unions and business centres in Québec
and Ontario, and some twenty subsidiary companies in life and general
insurance, securities brokerage, venture capital and asset management, many of
which are active across the country. Drawing on the expertise of its 42,000
employees and the commitment of its 6,300 elected officers, Desjardins offers
its 5.8 million individual and corporate members and clients a full range of
financial products and services. Its physical distribution network is
complemented by leading-edge virtual access methods. To find out more, consult
www.desjardins.com.




For further information:

For further information: (for journalists only): André Chapleau,
Information and Media Relations, (514) 281-7229, 1-866-866-7000, ext. 7229,
andre.chapleau@desjardins.com


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