QUEBEC CITY, March 1, 2019 /CNW Telbec/ - iA Financial Group announced today that Michel Tremblay, Executive Vice-President and Chief Investment Officer, will retire on May 31, 2019.
Mr. Tremblay joined the company in 2008 and has held his position at the head of Investments since that time. He was responsible for the management of the company's general fund and investment funds totalling $89.1 billion at December 31, 2018, and was also head of the company's corporate financing activities.
Mr. Tremblay was a member of the iA Financial Group Planning Committee led by Denis Ricard, President and Chief Executive Officer.
"Since joining our executive team in 2008 at the height of the financial crisis, Michel Tremblay has put in place investment strategies leading to the sound management of our interest rate risk and the diversification of our portfolio into higher yielding asset classes such as real estate and private equity," stated Denis Ricard, President and Chief Executive Officer. "Michel helped us to weather the storm after the crisis and he leaves us on solid ground to meet the challenges of the years ahead. We wish him a long and healthy retirement."
About iA Financial Group
Founded in 1892, iA Financial Group is one of the largest insurance and wealth management companies in Canada, with operations in the United States. It is listed on the Toronto Stock Exchange under the ticker symbol IAG.
SOURCE Industrial Alliance Insurance and Financial Services Inc.