June 29, 2005 08:33 ET

Louis Vachon Chairman and CEO of National Bank Financial, Kym Anthony Decides to Step Down

MONTREAL, QUEBEC--(CCNMatthews - June 29, 2005) - National Bank announced today that Louis Vachon, Chairman of National Bank Financial Group and Natcan Investment Management, will now assume the additional role of CEO of National Bank Financial following the decision of Kym Anthony to step down from the President and CEO role.

"After six great years with National Bank Financial, I have decided to step down to take some time for myself and reflect on my next business project," said Kym Anthony.

"As one of the longest standing CEOs in a very demanding industry, Kym Anthony has achieved many important milestones for National Bank Financial," said Louis Vachon. "We would be happy to work together with Mr. Anthony in his future pursuits. He brought over 25 years of financial markets experience to his role. We thank him for his loyal service and we wish him the best."

Mr. Vachon has been with the National Bank since 1996 and was appointed Chairman of National Bank Financial Group and Natcan Investment Management in 2004. Over the course of his career, he has held a number of senior management positions, including Vice-President of Capital Markets at Levesque Beaubien, President and Chief Executive Officer of BT Bank Canada, President and Chief Executive Officer of Innocap and Senior Vice-President - Treasury and Financial Markets at National Bank. In September 2002, he was appointed as a member of the Bank's Executive Committee. He is also a member of the Board of Directors of the Montreal Exchange, the Boston Option Exchange and National Bank Discount Brokerage.

About National Bank

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its customers elsewhere in the world. National Bank offers a full array of banking services, including corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management, as well as mutual fund and retirement plan management. National Bank has close to $100 billion in assets and, together with its subsidiaries, employs nearly 17,000 people. The Bank's securities are listed on the Toronto Stock Exchange (NA: TSX). For more information, visit the Bank's website at

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Contact Information

  • National Bank of Canada
    Denis Dube
    Manager, Public Relations
    (514) 394-8644