MONTREAL, Oct. 31, 2014 /CNW Telbec/ - National Bank is pleased to
announce the appointment of Raymond Bachand and Karen Kinsley to its
Board of Directors. Their appointments take effect on October 29 and
December 3, 2014, respectively.
Raymond Bachand is a lawyer and holds both a Doctorate in Business
Administration (DBA) and an MBA from the Harvard Graduate School of
Business Administration. From 1981 to 2005, he occupied numerous key
functions in the private sector, notably at Metro Richelieu and
Culinar. He also served as President and Chief Executive Officer of the
Fonds de solidarité FTQ and SECOR. In 2005, Mr. Bachand was elected to
the Quebec National Assembly, where he served in several ministerial
positions, including Minister of the Economy, Innovation and Exports,
and Minister of Tourism. He presented three budgets as Minister of
Finance from 2009 to 2012, while also assuming the role of Minister of
Revenue from 2010 to 2012. After retiring from politics, Mr. Bachand
joined the Montreal office of the law firm Norton Rose Fulbright as a
Strategic Advisor. He also serves as a director of Transat A.T. Inc.,
Chairman of the Board of Directors of Tourism Montreal and President of
the Institut du Québec.
Karen Kinsley served as President and Chief Executive Officer of Canada
Mortgage and Housing Corporation (CMHC) from 2003 to 2013. Under her
leadership, CMHC reported record results and helped ensure the
stability and strength of Canada's housing market. A Fellow Chartered
Professional Accountant, Ms. Kinsley has a Bachelor of Commerce from
the University of Ottawa and has significantly contributed to
socio-economic development in Canada. In 2011, she oversaw the
implementation of a $4 billion dollar economic stimulus package as part
of Canada's Economic Action Plan. She also contributed to the creation
of a fund to facilitate access to housing for First Nations families.
About National Bank of Canada
With $199 billion in assets as at July 31, 2014, National Bank of Canada
(www.nbc.ca), together with its subsidiaries, forms one of Canada's leading
integrated financial groups. The Bank has more than 20,000 employees and is widely recognized as a
top employer. Its securities are listed on the Toronto Stock Exchange
(TSX: NA). Follow the Bank's activities via social media and learn more
about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE National Bank of Canada
(The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Claude Breton
Vice-President - Public Affairs and Investor Relations
National Bank
Tel.: 514-394-8644
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