New Senior Management Appointments at SSQ Financial Group

    QUEBEC CITY, June 2 /CNW Telbec/ - For the past several years, SSQ
Financial Group has experienced strong growth in all its sectors of activity.
In order to be able to continue to support this progress, the company recently
introduced a number of organizational changes. As part of these changes, the
board of directors of SSQ Financial Group is pleased to announce a number of
new senior management job appointments that will become effective on July 1,

    New Senior Vice-Presidency - Investments:

    Given the company's growth and a marked increase in the tasks related to
managing its assets, SSQ has created a new Senior Vice-Presidency of
Investments. Ms. Marie-Josée Blanchette, current Chief Executive Officer of
SSQ General Insurance, has accepted to head up the new vice-presidency.
    Marie-Josée Blanchette has a university degree in Business Administration
and a degree in Accounting from the Université du Québec à Rimouski. She is a
member of the Ordre des comptables agréés du Québec. Ms. Blanchette joined SSQ
twenty-three years ago. Over the course of those years, Ms. Blanchette has
held various senior management positions, including being CEO of SSQ General
Insurance for the past ten years.

    Senior Vice-Presidency - Finances and Compliance:

    Mr. Serge Boiteau, current Senior Vice-President of Corporate Actuarial
and Investments, will see new responsibilities related to compliance included
in his mandate. These new responsibilities will be added to the functions he
currently holds related to corporate actuarial and accounting. While SSQ has
always accorded a great deal of importance to compliance, it intends place
even more to ensure it maintains its excellence in this domain in the years to
    Actuary by profession and a Fellow of the Canadian Institute of Actuaries
and the Society of Actuaries, Mr. Boiteau joined SSQ twenty-five years ago.
Mr. Boiteau's in-depth knowledge of SSQ as well as the insurance and financial
sector will be instrumental in enabling him to carry out his new mandate.

    Senior Vice-Presidency - Information Technology

    Mr. Michel Loranger has been appointed the new Senior Vice-President of
Information Technology. Mr. Loranger will replace Mr. Gilles Mourette, who in
turn has accepted to take over as the new Chief Executive Officer of SSQ
General Insurance.
    Michel Loranger has a university degree in business computing. Since
arriving at SSQ in 1988, he held various management positions, including most
recently, V-P of Systems Development and Integration for SSQ's group insurance
line. His knowledge and skills will serve him well in his new position as head
of the IT Vice-Presidency.
    "We are convinced that these changes will allow us to optimize our
business activities and enable us to continue to advance forward while
maintaining our excellent quality services, which have been our hallmark for
over 60 years. On behalf of all board members, I would like to wish all of the
new appointees much success in their new functions," declared Pierre Genest,
Chairman of the Board of SSQ Financial Group.

    About SSQ Financial Group

    With $2 billion in annual revenue and more than $4 billion in assets
under management, SSQ Financial Group is a leading mutual diversified
financial institution. The Group serves over one million clients and provides
jobs to over 1,400 employees. SSQ, Life Insurance Company Inc., the Group's
principal company, is recognized as a leader in the group insurance industry
and as an expert in the investment and retirement sector. SSQ Financial Group
is also a rising star in home and auto insurance (SSQ General Insurance
Company Inc.) and realty management (SSQ Realty Inc.).

For further information:

For further information: Elaine Dumais, (418) 650-3457 ext. 6292;
Source: SSQ Financial Group

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