Montréal, November 25, 2015 – Finance Montréal announced today that Industrial Alliance Insurance and Financial Services Inc. (Industrial Alliance or iA Financial Group) is joining the organization as a new Governor Member. Industrial Alliance ranks among Canada's largest insurance companies; it administers and manages over $111.2 billion in assets, employs close to 5,100 professionals and does business with a network of almost 25,000 advisors.
Mr. Yvon Charest, President and Chief Executive Officer of Industrial Alliance, is joining Finance Montréal's Board of Governors. Mr. René Chabot, Executive Vice-President, CFO and Chief Actuary, will represent Industrial Alliance on Finance Montréal's Board of Directors. Industrial Alliance staff members will also take part in certain Finance Montréal projects.
"We are delighted to welcome Mr. Charest, Mr. Chabot and the entire Industrial Alliance team to Finance Montréal. This financial institution has a rich history in Quebec, in particular in the Québec City region, and its commitment to Finance Montréal will allow us to increase the impact of our organization, which aims to develop and promote Quebec's financial sector. Industrial Alliance's expertise and position in Canada's insurance market will also contribute to raising our industry's profile both nationally and internationally. We are excited about this significant contribution to the financial sector's development," said Mr. Mario Albert, Chief Executive Officer, Finance Montréal.
"We are pleased to be a part of Finance Montréal, as we believe it is essential to foster effective cooperation within Quebec’s financial community, with a view to properly positioning our industry on the Canadian, North American and global stages. The reputation of Quebec's financial sector can only benefit from pooling our expertise on Finance Montréal's strategic projects," emphasized Mr. Charest.
About Finance Montréal
Finance Montréal, Québec’s financial cluster, was created in 2010 by institutions in the financial services industry at the invitation of the Québec Government. Finance Montréal brings together 22 Governor Members, 13 Associate Members and close to 300 volunteer professionals. Its mission is to develop and promote Québec’s financial services industry. The organization works to enhance Montréal's reputation as world-class financial hub and engages in international business development activities to attract foreign firms in Montréal by promoting various fiscal incentives including the IFC tax credit. Finance Montréal fosters cooperation among a vast range of institutions to stimulate the industry’s growth while raising awareness of the financial specializations found in Montréal. To learn more about Finance Montréal, visit www.finance-montreal.com.
About iA Financial Group
Founded in 1892, iA Financial Group offers life and health insurance products, savings and retirement plans, RRSPs, mutual and segregated funds, securities, auto and home insurance, mortgages and car loans, and other products and services for both individuals and groups. It is among the four largest life and health insurance companies and one of the largest publicly traded companies in Canada. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
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