Ms. Sylvie Paquette is appointed President and Chief Operating Officer of Desjardins General Insurance Group

    LEVIS, QC, Oct. 30 /CNW Telbec/ - The Chair of the Board, President and
CEO of Desjardins Group, Ms. Monique F. Leroux, announces the appointment,
effective November 3, of Ms. Sylvie Paquette as President and Chief Operating
Officer of Desjardins General Insurance Group (DGIG), a leader in direct P&C
insurance in Canada. She will replace Mr. Jude Martineau, who will retire at
the end of the year.
    As President and Chief Operating Officer of DGIG, Ms. Paquette will also
be a member of Desjardins Group's Strategic Management Committee. Her goal is
to develop Desjardins' general insurance subsidiaries in Canada, and she will
continue the implementation of DGIG's strategic plan in conjunction with that
of Desjardins Group.
    Ms. Paquette has been with DGIG since 1984, where she held various
positions including Head of Integration during DGIG's acquisition of general
insurance subsidiaries of a large Canadian bank (2000-2001) and Senior
Executive Vice-President, Corporate Development, a position she has held since
    Ms. Paquette has a degree in Actuarial Sciences (1981) from Université
Laval (Québec), is a Fellow of the Canadian Institute of Actuaries and the
Casualty Actuarial Society, and also followed the Competition and Strategy
seminar from Harvard Business School. She sits on the Board of Directors of
the Groupement des assureurs automobiles. She is President of the Insurance
Bureau of Canada (IBC) - Québec, as well as a member of the IBC Committee -
Canada on Climate Change.
    "We are pleased to be able to count on a manager of Ms. Paquette's
quality to face the many challenges that our general insurance subsidiaries
will have to tackle in an increasingly competitive marketplace," stated Ms.
Leroux. "I am convinced that she will achieve DGIG's objectives and she can
count on my support, as well as the support of her colleagues in Desjardins
Group's senior management."
    Ms. Leroux has also recognized Mr. Martineau's contribution to DGIG's
successes. "Mr. Martineau has achieved a remarkable 14-year mandate within
Desjardins Group's general insurance subsidiaries. I want to highlight the
exceptional heritage he is leaving us. I thank him for his work, congratulate
him for the successes that have been achieved, and wish him a most fulfilling

    About Desjardins General Insurance Group

    With more than 3,400 employees across Canada, a portfolio of 1.8 million
policies in force, $3.1 billion in assets and a business volume of
$1.4 billion, Desjardins General Insurance Group is one of the top ten P&C
insurers in Canada, where it ranks as a leader among direct P&C insurers.
Through its subsidiaries, Desjardins General Insurance Group offers a line of
home and automobile insurance products directly to individuals and members of
partner groups across Canada as well as businesses in Québec.

    About Desjardins Group

    Desjardins Group is the largest cooperative financial group in Canada,
with overall assets of nearly $152 billion, as at June 30, 2008. It comprises
a network of caisses, credit unions and business centres in Québec and
Ontario, and some twenty subsidiary companies in life and general insurance,
securities brokerage, venture capital and asset management, many of which are
active across the country. Drawing on the expertise of its 40,000 employees
and the commitment of more than 6,500 elected officers, Desjardins offers its
5.8 million individual and corporate members and clients a full range of
financial products and services. Its physical distribution network is
complemented by leading-edge virtual access methods. To find out more, consult

For further information:

For further information: (for journalists only): André Chapleau,
Director, Information and Media Relations, Desjardins Group, (514) 281-7229,
1-866-866-7000, ext: 7229,

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