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National Bank of Canada (NA.TO)

NA.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Jean Houde

74 2014 Independent Chairman of the Board

Louis Vachon

57 2007 President and Chief Executive Officer of the Bank, Non-Independent Director

Ghislain Parent

2018 Chief Financial Officer, Executive Vice President - Finance

Stephane Achard

2018 Executive Vice President - Commercial Banking and Insurance

Lucie Blanchet

2019 Executive Vice President - Personal Banking and Client Experience

William Bonnell

2012 Executive Vice President - Risk Management

Dominique Fagnoule

2016 Executive Vice President – Information Technology

Laurent Ferreira

2018 Executive Vice President, Co-Head - Financial Markets

Denis Girouard

2018 Executive Vice President, Co-Head – Financial Markets

Brigitte Hebert

2019 Executive Vice President - Employee Experience

Dominic Paradis

2019 Senior Vice President, Legal Affairs and Corporate Secretary

Martin Gagnon

2016 Executive Vice-President – Wealth Management and Co-President and Co-Chief Executive Officer - National Bank Financial

Raymond Bachand

72 2014 Independent Director

Maryse Bertrand

61 2012 Independent Director

Pierre Blouin

62 2016 Independent Director

Pierre Boivin

66 2013 Independent Director

Patricia Curadeau-Grou

64 2018 Independent Director

Gillian Denham

59 2010 Independent Director

Karen Kinsley

63 2014 Independent Director

Rebecca McKillican

40 2017 Independent Director

Robert Pare

65 2018 Independent Director

Lino Saputo

53 2012 Independent Director

Andree Savoie

48 2015 Independent Director

Pierre Thabet

62 2011 Independent Director

Biographies

Name Description

Jean Houde

Mr. Jean Houde serves as Independent Chairman of the Board of the Company. Jean Houde has served as Chairman of the Board since April 2014. He is also Chairman of the board of directors of Énergir Inc.(12) and a member of its Human Resources and Corporate Governance Committee, which he chaired from 2012 to December 2017. From 2010 to 2014, he was Chairman of the board of directors of Finance Montréal – La grappe financière du Québec and, from 2012 to 2014, he was Vice-Chairman of the board of directors of JOA Groupe Holding and a member of its Audit and Human Resources committees. From 2010 to January 2011, he was a business development advisor at accounting firm Samson Bélair/Deloitte & Touche LLP. From 2005 to 2009, he was Deputy Minister of Finance of Quebec. Prior to that, he was Chairman of the board of directors and Chief Executive Officer of Investissement Québec. From 1990 to 2003, Jean Houde held several positions at the Bank, including Senior Vice-President, Human Resources and Senior Vice-President, Corporate Affairs, the position he held when he left. He has a law degree and an MBA from Université Laval. Jean Houde is a member of the Quebec Bar, which has awarded him the title of Advocatus Emeritus.

Louis Vachon

Mr. Louis Vachon serves as President and Chief Executive Officer of the Bank, Non-Independent Director of the Company. He began his career in 1985 with Citibank Canada and, in 1986, joined Lévesque Beaubien Geoffrion Inc., now National Bank Financial Inc., where he served as Vice-President until 1990. From 1990 to 1996, he was employed by BT Bank of Canada, the Canadian subsidiary of Bankers Trust, where he served as President and Chief Executive Officer from 1994 to 1996. In 1996, Louis Vachon returned to the Bank, where he held a series of management positions for both the Bank and its subsidiaries until his appointment to President and Chief Executive Officer in 2007. Louis Vachon is a member of the board of directors of National Bank Acquisition Holding Inc., a subsidiary of the Bank. He is also involved with many social and cultural organizations. Louis Vachon has a Bachelor’s degree in Economics from Bates College and a Master’s degree in International Finance from the Fletcher School (Tufts University). He is also a CFA. He was awarded an honorary doctorate by the University of Ottawa, Bishop’s University, Ryerson University, and Concordia University. In 2014, he was named CEO of the Year by Canadian Business magazine, and Financial Personality of the Year by the business publication Finance et Investissement in 2012 and 2014. He received the Global Citizens Award from the United Nations Association in Canada, is a Member of the Order of Canada and the Ordre de Montréal as well as an Officer of the Ordre national du Québec, and he was appointed Lieutenant-Colonel (H) of Les Fusiliers Mont-Royal.

Ghislain Parent

Mr. Ghislain Parent CPA serves as Chief Financial Officer, Executive Vice President - Finance of the Company. Ghislain Parent joined the Bank in 2010 as Senior Vice-President, Internal Audit. Before joining the Bank, he notably held the position of Senior Vice-President and Chief Financial Officer of the Caisse de dépôt et placement du Québec and of President of CDP Financial Inc. Concurrent with his professional activities, Mr. Parent and his team have been actively involved with Intégration Jeunesse du Québec, a workplace integration organization. Ghislain Parent has a Bachelor’s degree in Business Administration and Accounting. He is also a Fellow of the Quebec CPA Order.

Stephane Achard

Stephane Achard serves as Executive Vice President - Commercial Banking and Insurance of the Company. From March 2017 to June 2018, Senior Vice-President – Personal and Commercial Banking, Canada and International, National Bank of Canada. From September 2016 to February 2017, President and Chief Executive Officer, Shiller Lavy Group Inc. From September 2013 to June 2016, Senior Vice-President and General Manager – Commercial Banking, Cards and Electronic Money, Fédération des Caisses Desjardins du Québec.

Lucie Blanchet

Lucie Blanchet serves as Executive Vice President - Personal Banking and Client Experience of the Company. From June 2018 to June 2019, Executive Vice-President – Personal Banking and Marketing, National Bank of Canada. From April 2017 to June 2018, Senior Vice-President – Distribution, Solutions and Processes, Personal Banking, National Bank of Canada. From March 2017 to April 2017, Senior Vice-President – Solutions, Processes and Distribution Model, Personal Banking, National Bank of Canada. From May 2016 to March 2017, Senior Vice-President – Distribution Strategy, Personal and Commercial Banking, National Bank of Canada. From November 2014 to May 2016, Vice-President – Sales and Service, Personal and Commercial Banking, National Bank of Canada.

William Bonnell

Mr. William Bonnell serves as Executive Vice President - Risk Management of the Company. He was appointed Executive Vice-President – Risk Management and a member of the Office of the President in June 2012. As the Bank's Chief Risk Officer he is responsible for enterprise-wide risk management including credit, market and operational risks. Mr. Bonnell, who joined National Bank in 2001, has held successive leadership positions in credit risk management, proprietary trading, and market risk management. Prior to joining the Bank, William Bonnell worked in Toronto, London, and Dublin in a variety of risk management, capital markets, and management roles within the banking industry. Mr. Bonnell serves on the Board of Directors of the Montreal Children’s Hospital Foundation and of the ECS Foundation and is a member of the Rotman MFRM Advisory Board. Mr. Bonnell holds an MBA from the Schulich School of Business, a Bachelor’s degree from Bishop’s University and completed studies at EM Lyon Business School. He is a Chartered Financial Analyst (CFA) and holds the Financial Risk Manager (FRM) designation from the Global Association of Risk Professionals.

Dominique Fagnoule

Mr. Dominique Fagnoule serves as Executive Vice President – Information Technology of the Company. From June 2015 to June 2016, Executive Vice-President – Information Technology and Strategic Initiatives Office, National Bank of Canada. From October 2013 to June 2015, Executive Vice-President – Information Technology, National Bank of Canada.

Laurent Ferreira

Laurent Ferreira serves as Executive Vice President, Co-Head - Financial Markets of the Company. From January 2015 to November 2018, Executive Vice-President and General Manager – Equity Derivatives, National Bank Financial Inc. From September 2009 to January 2015, Executive Vice-President and General Manager – Derivatives, National Bank Financial.

Denis Girouard

Mr. Denis Girouard serves as Executive Vice President, Co-Head – Financial Markets of the Company. From May 2012 to June 2016, Executive Vice-President, Managing Director, Co-Head – Fixed Income and Deputy Head – Financial Markets, National Bank Financial Inc. He is responsible of wholesale banking services, in particular Investment Banking, Corporate Banking, Equity, Fixed Income, Derivatives and Proprietary Trading. At the time of his appointment, he held the position of Executive Vice-President, Managing Director, Co-Head of Fixed Income and Deputy Head of Financial Markets at NBF. He has in-depth knowledge of the Financial Markets sector and its activities. Under his stewardship, the Bank has notably positioned itself as a leader in government financing in Canada. Denis Girouard also enjoys recognition from public policy-makers who seek his views on financial market developments. Since he joined the Bank in 1990, he has held various strategic executive positions. Denis Girouard is a member of the Office of the President. Denis Girouard is involved in the business community as a director. He is currently a member of the board of directors of CanDeal. Denis holds a Bachelor’s Degree in Finance from HEC Montréal. He is a chartered financial analyst, CFA.

Brigitte Hebert

Brigitte Hebert serves as Executive Vice President - Employee Experience of the Company. From January 2019 to October 2019, Executive Vice-President – Employee Experience and Operations. From June 2018 to January 2019, Executive Vice-President – Human Resources, Corporate Affairs and Operations. From June 2015 to June 2018, Executive Vice-President – Operations, National Bank of Canada. From August 2014 to June 2015, Senior VicePresident – IT Delivery Management, Personal and Commercial Banking, Marketing and Operations, National Bank of Canada.

Dominic Paradis

Martin Gagnon

Mr. Martin Gagnon serves as Executive Vice-President – Wealth Management and Co-President and Co-Chief Executive Officer - National Bank Financial of the Company. In this capacity, he is responsible for all wealth-management-related activities within the Bank. Martin Gagnon is a member of the Bank’s Office of the President and is Chairman of the boards of directors of National Bank Trust Inc., Natcan Trust Company and National Bank Investments Inc. as well as Co-Chair of the board and Co-President and Co-Chief Executive Officer of National Bank Financial Inc. He also chairs the board of directors of the Institut universitaire en santé mentale de Montréal Foundation and serves on the board of directors of Fiera Capital Corporation. At the time of his appointment, he was acting as Senior Vice-President, Intermediary Business Solutions, Wealth Management. Martin Gagnon holds a Bachelor’s degree in Business Administration from the Université du Québec à Montréal and a Master’s degree in Finance from the University of British Columbia. He is a Chartered Financial Analyst, CFA

Raymond Bachand

Mr. Raymond Bachand serves as Independent Director of the Company. Since 2014, Raymond Bachand has been a Strategic Advisor to law firm Norton Rose Fulbright Canada LLP and President of the Institut du Québec, a research centre created by The Conference Board of Canada and HEC Montréal. He has been a member of the board of directors of Transat A.T. Inc. since 2014 and was appointed Lead Director thereof in September 2018. Raymond Bachand was the Outremont riding’s Member of the Assemblée nationale du Québec from 2005 to 2013. During that period, he held a number of different positions and ran several government departments, including Economic Development, Innovation and Export Trade, Tourism, Finance and Revenue. He was also the Minister responsible for the Montreal region and the Official Opposition Critic for finance. Throughout his career, Raymond Bachand has held several senior positions in the private sector, including President and Chief Executive Officer of Fonds de solidarité des travailleurs du Québec (F.T.Q.) and President and Chief Executive Officer of Secor Consulting Inc. He holds a Licentiate in Laws from Université de Montréal as well as an MBA and a Doctorate in Administration from the Harvard University Graduate School of Business Administration. Raymond Bachand is a member of the Quebec Bar, which has awarded him the title of Advocatus Emeritus, and is an Officer of the Order of Canada.

Maryse Bertrand

Ms. Maryse Bertrand serves as Independent Director of the Company. Maryse Bertrand is a corporate director, serving on the boards of Metro Inc. since January 2015, of Gildan Activewear Inc. since May 2018, and of the Public Sector Pension Investment Board since September 2018, where she is also a member of the Governance Committee, Human Resources Committee and Investment and Risk Committee. She is also a director of the Institute of Corporate Directors, Quebec Chapter, where she chairs the board and the Nominating and Governance Committee, and Vice-Chair of McGill University’s board of governors, for which she is Vice-Chair of the Committee to Advise on Matters of Social Responsibility (CAMSR). From 2016 to January 2017, she was a Strategic Advisor and Counsel to law firm Borden Ladner Gervais LLP. Additionally, from 2009 to 2015, she was Vice-President, Real Estate, Legal Services and General Counsel with CBC/Radio-Canada, where she was also in charge of environmental matters. She has a law degree from McGill University and a Master’s of Risk Management from the Stern School of Business at New York University. Maryse Bertrand is a member of the Quebec Bar, which has awarded her the title of Advocatus Emeritus

Pierre Blouin

Mr. Pierre J. Blouin serves as Independent Director of the Company. Pierre Blouin is a corporate director, serving on the board of Fortis Inc. since May 2015, where he has chaired its Governance and Nomination Committee since January 2020 and is a member of its Human Resources Committee. Since February 2019, he has also served on the board of directors of Télécon Inc. and chairs its Human Resources Committee. He was Chief Executive Officer of Manitoba Telecom Services Inc. from 2005 to 2014. Prior to that, he worked for over 20 years at BCE Group, where he held positions of increasing responsibility, including that of President and Chief Executive Officer of Bell Mobility Inc. from 2000 to 2002, Chief Executive Officer of BCE Emergis Inc. from 2002 to 2003, and Group President, Consumer Markets, Bell Canada from 2003 to 2005. Since 2015, he has served on the board of directors of the Montreal Heart Institute Foundation, chairing its Information Technology Committee since June 2017 and serving on its Audit Committee from June 2015 to June 2017. Pierre Blouin holds a B.A. in Business Administration with a specialization in finance and marketing from HEC Montréal and is a Fellow of the Purchasing Management Association of Canada.

Pierre Boivin

Mr. Pierre Boivin Ph.D. serves as Independent Director of the Company. Pierre Boivin has been President and Chief Executive Officer of private equity firm Claridge Inc. since September 2011. He has served as a director of Metro Inc. since 2019 and of Canadian Tire Corporation, Ltd. since 2013. He is also a director of CH Group Inc., which manages the Club de hockey Canadiens Inc. and the Bell Centre. For over 12 years, he has served on various boards of directors of public and private companies operating in the field of information and digital technologies. He is Chairman of the Board of the Montreal Canadiens Children’s Foundation, which he created in 2000. From 2009 to 2012, Pierre Boivin served as Vice-Chairman of the Board and as a member of the Executive Committee of the Quebec Oil and Gas Association. He studied commerce at McGill University. He has been awarded an honorary Doctorate by the Université de Montréal and has been appointed Officer of the Order of Canada and Knight of the Ordre national du Québec.

Patricia Curadeau-Grou

Ms. Patricia Curadeau-Grou serves as Independent Director of the Company. Patricia Curadeau-Grou is a corporate director, serving on the board of Cogeco Inc. since January 2020. She was a board director at Cogeco Communications Inc. from 2012 to 2020, ser ving on its Audit Committee, Human Resources Committee, and Strategic Opportunities Committee; a board director at Caisse de dépôt et de placement du Québec from 2013 to 2019, serving on its Investment and Risk Management Committee; and a board director at Uni-Sélect Inc. from 2013 to 2018, serving on its Audit Committee and Human Resources and Compensation Committee. From 1991 to 2012, Ms. Curadeau-Grou held several positions at the Bank, notably that of Chief Financial Officer and Executive Vice-President, Finance, Risk and Treasury from 2007 to 2011 and that of Executive Vice-President, Risk Management from 2011 to 2012. She served as Strategic Advisor to the President until her retirement in October 2015. Patricia Curadeau-Grou has a Bachelor of Commerce from McGill University (Finance and Marketing option) and has received the Certified Director designation (ICD.D) from the Institute of Corporate Directors. In 2007, she was inducted into the Women’s Executive Network Hall of Fame for Canada’s most powerful women.

Gillian Denham

Ms. Gillian H. Denham serves as Independent Director of the Company. Since June 2018, Gillian H. Denham has been President of Authentum Partners Ltd., a company that invests in technology and related activities and provides consulting services. Since October 2015, she has chaired the board of directors of Morneau Shepell Inc., prior to which she served on the company’s Audit Committee from 2008 to 2015. Since 2016, she also serves on the boards of directors of Kinaxis Inc. and Canadian Pacific Railway Limited. Since 2012, she has been a member of the board of directors, which she currently chairs, and of the Audit and Review committees and the Investment Committee, which she has chaired since 2013, of Munich Reinsurance Company of Canada and Temple Insurance Company. She served on the board of directors of Penn West Petroleum Ltd.(8) from 2012 to June 2016. During that time, Gillian H. Denham sat on the Governance Committee, the Audit Committee, and the Human Resources and Compensation Committee, chairing the latter from 2014 to 2015. From 2013 to July 2016, she served on the board of directors and the Governance Committee, Human Resources Committee, and Compensation Committee of Markit Ltd. During a 20-plus year career at Canadian Imperial Bank of Commerce, she held various key positions, including that of Vice-President of Retail Markets. Gillian H. Denham holds an Honours Business Administration (HBA) degree from the Ivey Business School at Western University and an MBA from Harvard Business School.

Karen Kinsley

Ms. Karen A. Kinsley serves as Independent Director of the Company. Karen Kinsley is a corporate director, serving on the boards of Saputo Inc. since May 2015 and of Choice Properties Real Estate Investment Trust since May 2018. From May 2017 to May 2018, she was a director at the Canadian Real Estate Investment Trust (13). Throughout her 25-year career with Canada Mortgage and Housing Corporation, Canada’s housing authority, she held positions of increasing responsibility, including that of President and Chief Executive Officer from 2003 to 2013. Karen Kinsley has a Bachelor’s degree in Commerce from the University of Ottawa. She is a Fellow of the Chartered Professional Accountants of Ontario and has received the Certified Director designation (ICD.D) from the Institute of Corporate Directors

Rebecca McKillican

Ms. Rebecca McKillican is Independent Director of the Company. Rebecca McKillican has been Chief Retail Officer of McKesson Corporation Canada, a Canadian pharmaceutical distributor, since October 2019. From March 2013 to October 2019, she served as President and Chief Executive Officer of Well.ca Inc., a leading e-commerce health and wellness company. From 2007 to 2012, she also held the position of Principal in the retail and consumer group of private equity firm Kohlberg, Kravis & Roberts & Co. L.P., where she worked to improve the operations of the portfolio companies, including ESG initiatives. From 2003 to 2005, Rebecca McKillican worked at McKinsey & Company as a business analyst, examining various business challenges. She has a Bachelor of Business Administration (BBA) from the Ivey Business School, a Bachelor of Software Engineering from Western University, and an MBA from Harvard Business School.

Robert Pare

Mr. Robert Pare is an Independent Director of the company. Since February 2018, Robert Paré has been a Strategic Advisor to the firm Fasken Martineau DuMoulin LLP, where he had previously held a position of Senior Partner specializing in governance and corporate and commercial law. He has also been a board director at Quebecor Inc. since June 2014, at the Institute of Corporate Directors since September 2018 (for which he was a director of the Quebec Chapter from 2010 to 2018), and at ADF Group Inc. from December 2009 to June 2019. Robert Paré has more than 40 years of experience in business law, particularly in the areas of capital markets, mergers and acquisitions, and corporate governance. He has been a director for several other companies, including Essilor Group Canada Inc., Groupe BMTC Inc., and Rona Inc., where he served on the Nominating and Governance Committee from April 2009 to May 2016 and on the Human Resources and Compensation Committee from May 2012 to May 2016. Robert Paré has a Bachelor’s degree in Law from Université Laval. He is a member of the Quebec Bar.

Lino Saputo

Mr. Lino A. Saputo Jr. serves as Independent Director of the Company. Since August 2017, Lino Saputo, Jr. has been Chairman of the board and Chief Executive Officer of Saputo Inc., one of the world’s largest dairy processors. At the time of his appointment, he was holding the positions of President and Chief Executive Officer (since March 2004) and of Vice-Chairman of the Board (since August 2011). He was a member of the board of directors of Transcontinental Inc. from February 2008 to March 2017 and of its Human Resources and Compensation Committee from February 2011 to March 2017. He is involved with a number of charitable organizations, and in July 2011 he co-founded the Amelia & Lino Saputo Jr. Foundation. Since November 2017, he has been Co-Chair of the Campaign for Concordia, and, since July 2018, he has been Chair of the board of directors of the Montreal Heart Institute Foundation. He was named the 2019 CEO of the Year by Canada’s Outstanding CEO of the Year program. He holds a Bachelor’s degree in Political Science from Concordia University.

Andree Savoie

Ms. Andree Savoie serves as Independent Director of the Company. Since June 2016, Andrée Savoie has been President and Chair of the board of directors of Acadian Properties Ltd., a commercial real estate developer and property management company in the Maritime provinces, and for which she was previously the Managing Director. From January 2007 to December 2015, she was President and Managing Director of Acadian Construction (1991) Ltd. Since 2011, she has been a director of the board of Assumption Mutual Life Insurance Company, where she also served on the Audit and Review committees from February 2011 to February 2015, of the Investments Committee from February 2011 to February 2019, and of the Human Resources Committee from February 2016 to February 2019. She also served as Vice-Chair of the board from February 2018 to February 2019, before being appointed Chair of the board and Chair of the Governance Committee, on March 1, 2019 and February 22, 2019, respectively. Since 2015, she has sat on the board of directors of the Greater Moncton YMCA Foundation Inc., serving as Vice-Chair since April 2017. Andrée Savoie is highly involved in her community: she is a member of the Université de Moncton Evolution campaign office, and she is Co-Founder of Crossroads 250 (16), an annual fundraising event in support of women and children living in situations of domestic violence. She has a Bachelor’s degree in Chemical Engineering from McGill University and a Master’s degree in Applied Sciences from the University of Ottawa. She has received the Certified Director designation (ICD.D) from the Institute of Corporate Directors.

Pierre Thabet

Mr. Pierre Thabet serves as Independent Director of the Company. Pierre Thabet has been President of Boa-Franc Inc., a Canadian manufacturer of pre-finished hardwood floors, since September 1983. He has also been the President of Prolam Limited Partnership, a manufacturer of trailer floors, since 1997. From 2006 to 2017, he sat on the board of directors of Canam Group Inc. and also served on its Audit Committee from 2011 to 2017 and its Human Resources Committee from 2006 to 2010. Pierre Thabet is involved in various social and economic organizations in his region. In 2010, he became an entrepreneur coach at the École d’Entrepreneurship de Beauce, a school dedicated to training entrepreneurs in all industries. He has a Bachelor’s degree in Administration, specializing in Accounting, from the Université de Moncton.