National Bank Welcomes Raymond Bachand and Karen Kinsley to its Board of Directors

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