Luc Paiement becomes Executive Advisor after a career spanning close to 35 years at the Bank
MONTREAL, April 4, 2016 /CNW Telbec/ - National Bank announces the appointment of Martin Gagnon as Executive Vice-President – Wealth Management and Co-President and Co-Chief Executive Officer of National Bank Financial, effective July 1, 2016. Mr. Gagnon is succeeding Luc Paiement, who will act as an Executive Advisor over the coming years. These changes are part of a rigorous succession planning process.
During a career with National Bank that has spanned close to 35 years, Mr. Paiement has held a variety of strategic positions in the wealth management, corporate and investment banking and institutional equity sectors. He has also been a key contributor to a series of transactions that have profoundly changed the Wealth Management sector and positioned it as a leader in Canada in a range of disciplines.
"On behalf of the Office of the President, I would like to sincerely thank Mr. Paiement for his contribution to the Bank's success. Thanks to his strong interpersonal skills and engaging leadership, he has fostered a culture of customer service excellence within his teams. We are pleased to be able to continue counting on his strategic input, and to welcome Mr. Gagnon to his new role," stated Louis Vachon, President and Chief Executive Officer of National Bank.
Mr. Gagnon began his career at National Bank in 1987 in the Treasury department. He went on to hold positions in financial engineering and asset/liability management within Financial Markets, before leaving the Bank in 1993 for other pursuits, including working at Goldman Sachs in Canada and the United States. In 2003, he returned to National Bank as Co-Chief Executive Officer of Innocap Investment Management, the subsidiary responsible for hedge fund operations. He held that position until his most recent appointment in 2011 as Senior Vice-President – Intermediary Business Solutions within Wealth Management.
Biographical notes are available on request.
About National Bank of Canada
With $219 billion in assets as at January 31, 2016, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has close to 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
SOURCE National Bank of Canada
For further information: Information: (The telephone number provided below is for the exclusive use of journalists and other media representatives.) Claude Breton, Vice-President - Public Affairs and Investor Relations, National Bank of Canada, Tel.: 514-394-8644