Last step in the purchase transaction between Jovian and Desjardins
TORONTO, Dec. 6, 2012 /CNW Telbec/ - On December 1, 2012, MGI Financial
Inc. officially became Desjardins Financial Security Investments Inc.,
a subsidiary of Desjardins Financial Security Life Assurance Company
This name change represents the last step in the purchase transaction
that started last year between Jovian Capital Corporation (TSX: JOV)
and Desjardins Financial Security, a subsidiary of Desjardins Group.
The transaction, which was subject to the customary regulatory and
contractual consents and approvals, closed in October 2011.
"This acquisition is allowing us to pursue at a faster pace the
expansion of our distribution network across Canada," said Stéphane
Dulude, executive vice-president at Desjardins Financial Security
Investments Inc. "We strongly believe that our clients and advisors
will benefit from the support of a strong banner as we aim to continue
to grow across the country."
About Desjardins Financial Security
Desjardins Financial Security, a subsidiary of Desjardins Group, the
leading cooperative financial group in Canada, specializes in providing
life and health insurance and retirement savings products to
individuals and groups. Every day, over five million Canadians rely on
Desjardins Financial Security to ensure their financial security.
Desjardins Financial Security employs over 3,600 people and administers
$34.9 billion in assets from offices in several cities across the
country, including Vancouver, Calgary, Winnipeg, Toronto, Ottawa,
Montréal, Québec, Lévis, Halifax and St. John's. For more information,
visit the website at www.desjardinsfinancialsecurity.com.
About Desjardins Group
Desjardins Group is the leading cooperative financial group in Canada with assets of
nearly $200 billion. Drawing on the strength of its caisse network in
Québec and Ontario and its subsidiaries across Canada, it offers a full
range of financial products and services to its 5.6 million members and
clients. Desjardins specializes in Wealth Management and Life and
Health Insurance, in Property and Casualty Insurance, in Personal
Services, in Business and Institutional Services. "Best Corporate Citizen in Canada" for 2012 and among Canada's Top 100 Employers, Desjardins is supported by the skills of its 44,645 employees and the
commitment of nearly 5,400 elected officers. A new education and
cooperation program is now available to Desjardins members and the
general public. For more information, visit www.desjardins.com/co-opme.
SOURCE: DESJARDINS GROUP
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