Industrial Alliance announces the appointment of Michel Tremblay as Executive Vice-President, Investments

    QUEBEC CITY, Dec. 21 /CNW Telbec/ - Yvon Charest, President and CEO of
Industrial Alliance Insurance and Financial Services Inc., is pleased to
announce the appointment of Michel Tremblay as Executive Vice-President,
Investments. Mr. Tremblay will replace Yvon Côté, who will be leaving
Industrial Alliance at the beginning of 2008, after working there for the last
38 years.
    Until recently, Mr. Tremblay held the position of Chief Operating
Officer, Personal and Commercial Banking and Wealth Management at National
Bank of Canada. At the age of 52, Mr. Tremblay has in-depth experience with
financial markets, having successively worked at the Solidarity Life Insurance
Company, the Optimum Group Inc. and ING before joining the National Bank and
holding various executive positions in the investment and wealth management
sectors. An Actuarial Science graduate from Laval University in 1977,
Mr. Tremblay became a Fellow of the Canadian Institute of Actuaries (FCIA) and
of the Society of Actuaries of Chicago (FSA) in 1980 and was certified as a
chartered financial analyst (CFA) in 1988. Mr. Tremblay will begin his new
duties on March 17, 2008. He will be in charge of Industrial Alliance's
investment activities, which are organized in two large sectors: general fund
investments, involving securities, mortgages and real estate investments, and
investment funds such as segregated and mutual funds. He will be in charge of
young and dynamic teams who are eager to continue contributing to the
Company's growth. Mr. Tremblay will sit on the Industrial Alliance Planning
    Mr. Tremblay will replace Yvon Côté, who is leaving Industrial Alliance
after 38 years at the company, 25 of which he was responsible for investments.
Mr. Côté joined the ranks of Industrial Alliance at the end of his studies in
1969. He held successive executive positions in information systems,
administration, finance and investments. Since 2002, Mr. Côté has also been
part of the Industrial Alliance Planning Committee, created in that same year.
Moreover, Mr. Côté will remain associated with Industrial Alliance by sitting
on the board of some of its subsidiaries.
    "I'm happy that we were able to attract a person as capable as Michel
Tremblay to replace a person as competent as Yvon Côté," said Yvon Charest. "I
would like to thank Yvon Côté for his long and loyal service, especially for
having helped train a whole generation of young fund managers and for the
leading role he played when Industrial Alliance went from a mutual company to
a public company in 2000. I would also like to wish Michel Tremblay the best
of luck in his new duties. Mr. Tremblay is joining us during a period of
intense development, particularly in the wealth management sector, and brings
with him extensive experience and knowledge of financial markets. His
appointment will renew and enrich our executive team and give it new vitality.
I'm sure that the Company will benefit enormously from his presence."

    About Industrial Alliance

    Founded in 1892, Industrial Alliance Insurance and Financial Services
Inc. is a life and health insurance company that offers a wide range of life
and health insurance products, savings and retirement plans, RRSPs, mutual and
segregated funds, securities, auto and home insurance, mortgage loans and
other financial products and services. The fifth largest life and health
insurance company in Canada, Industrial Alliance is at the head of a large
financial group, which has operations across Canada, as well as in the western
United States. Industrial Alliance contributes to the financial well-being of
over three million Canadians, employs more than 2,900 people and manages and
administers over $50 billion in assets. Industrial Alliance stock is listed on
the Toronto Stock Exchange under the ticker symbol IAG. Industrial Alliance is
among the 100 largest public companies in Canada.

For further information:

For further information: Jacques Carrière, Vice-President, Investor
Relations, (418) 684-5275, cell: (418) 576-3624,,

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