National Bank announces the appointment of Étienne Dubuc as Executive Vice-President and Co-Head, Financial Markets

MONTREAL, Aug. 24, 2022 /CNW Telbec/ - National Bank announces the appointment of Étienne Dubuc as Executive Vice-President and Co-Head, Financial Markets. Mr. Dubuc will share the responsibilities of this role with Denis Girouard, the current position holder as of November 1, 2022. He will also join the Senior Leadership Team and report to Laurent Ferreira, President and Chief Executive Officer. Appointing a Co‑Head of Financial Markets is part of the strategy to ensure a smooth transition and develop succession.

"I am pleased to welcome Étienne Dubuc to the Senior Leadership Team. Étienne has extensive knowledge of financial markets and has frequently shown his ability to rally teams to achieve ambitious goals and make the Bank a leader in key activities. His leadership and ability to generate growth will be major assets for the organization," stated Laurent Ferreira, President and CEO of National Bank.

Étienne Dubuc is currently Executive Vice-President, Managing Director and Head of Equities, Currencies and Commodities, and Co-Head of Risk Management Solutions for Financial Markets. He is responsible for all of National Bank's equity activities, including activities pertaining to equity derivative sales and trading, electronic trading and market-making as well as structured product manufacturing and trading. Since joining the Bank in 1999, Mr. Dubuc has gained in-depth knowledge of the industry and financial markets through a series of senior management positions in this sector. He has a Master's degree in Finance from HEC Montréal and a Bachelor's degree in Economics. He has been a member of the board of the CHU Sainte-Justine Foundation since 2020.

Caution regarding forward-looking statements

This press release includes certain forward-looking statements. These statements are inherently subject to significant risks, uncertainties and changes in circumstances, many of which are beyond the control of the Bank. Except as required by law, the Bank does not undertake to update any forward-looking statements, whether written or oral, that may be made from time to time, by it or in its name. The forward-looking information contained in this press release is presented for the purpose of interpreting the information contained herein and may not be appropriate for other purposes.

About National Bank of Canada

With $387 billion in assets as at July 31, 2022, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has more than 28,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.

SOURCE National Bank of Canada

Linda Boulanger, Senior Vice-President - Investor Relations, National Bank of Canada, [email protected], Tel: [phone]; Debby Cordeiro, Senior Vice-President, Communications and Corporate Social Responsibility, National Bank of Canada, [email protected], Tel: [phone]