Desjardins Securities' new location provides the firm with exceptional
visibility, while improving its accessibility to its target clients
The firm's offices are in the process of obtaining the prestigious
LEED-CI environmental certification
MONTREAL, April 4 /CNW Telbec/ - Desjardins Securities is pleased to
officially announce the move of its head office to the former Windsor Hotel on
Peel Street in Montreal, in the heart of the city's business district. The
building interior has undergone extensive renovations and the office space
occupied by Desjardins Securities is in the process of receiving LEED-CI
certification from the Canada Green Building Council. Desjardins Securities
should soon be one of the first workplaces in Quebec to obtain this
prestigious environmental recognition.
"Desjardins Securities' new head office will give the firm excellent
visibility in Montreal's business district, while providing many of its target
clients with easier access to its services. This initiative is in line with
Desjardins Group's strategy of increasing its presence in Greater Montreal.
The move also enables Desjardins Securities to bring together under one roof,
in a location conducive to business development, almost all of its head office
staff, which had previously been housed in different places," said Germain
Carrière, President and Chief Operating Officer of Desjardins Securities. Only
Desjardins Securities back office employees will remain in another location.
The relocation of Desjardins Securities' head office is the latest step
in a long-term development plan that has seen the firm experience rapid growth
in its activities over the past few years. "Desjardins Securities is now a
major firm in Quebec. Our share of the private client services market grew
from 5.7% in 2001 to 9.8% at the end of 2006, an increase of 4.1 percentage
points, or 72%. During the same period, our assets under management rose from
$7 billion to $17.6 billion, an increase of $10.6 billion, or more than 150%.
In addition, in accordance with our business plan, Desjardins Securities
should achieve sustainable profitability in 2007, after making major
investments in its growth over the past few years. In a way, our move
symbolizes the success of our development plan and the dawn of a new era and a
promising future for Desjardins Securities," said Mr. Carrière.
Offices that meet the highest environmental standards
The LEED-CI certification that Desjardins Securities' new head office
should obtain shortly will recognize the sustainability of the site, water
efficiency, low energy consumption, choice of materials and resources used,
and quality of the indoor environment, as well as innovation and the design
process. "We are very pleased to have moved to premises that meet the highest
environmental standards for buildings. Desjardins Securities fully supports
the sustainable development policy adopted by Desjardins Group, and our new
head office is tangible proof of our commitment in this regard," explained Mr.
In all, some 475 employees, including 26 Investment Advisors, now work at
Desjardins Securities new head office. The former Windsor Hotel also houses
the Caisse centrale Desjardins staff, Desjardins Group's Economic Studies
team, and the new Desjardins Business Centre for mid-sized businesses. In
addition, Desjardins Securities' offices now look out on the new Carrefour
Desjardins, located in the Dominion Square building. "Like the other
components of Desjardins Group, Desjardins Securities' success depends on the
strength, reach and synergies of the Desjardins network, assets that our new
head office will now be able to fully capitalize on," said Mr. Carrière.
About Desjardins Securities
Desjardins Securities, a subsidiary of Desjardins Group, the largest
integrated cooperative financial group in Canada, offers a complete range of
securities brokerage products and services through its Investment Advisors,
and online brokerage services through its Disnat online division. The needs of
businesses and government agencies are handled by its Corporate Financing,
Fixed Income, and Equity Capital Markets departments, which are solidly backed
by its Research department. The firm, which manages $18 billion in assets, has
43 full-service brokerage offices and employs more than 1,200 people,
including 303 Investment Advisors, throughout Quebec and Ontario.
For further information:
For further information: Chantal Lagacé, Desjardins Securities, (514)
281-2303 or 1-888-987-1749, ext. 2303, email@example.com