National Bank to Open a Dozen Private Banking Centres
Montreal, 13 December 1999 -
The National Bank plans to open about a dozen private banking centres over the next 18 months to meet the personal banking needs of its business clients more effectively, according to Nicole Rondou, Vice-President – Wealth Management, of the National Bank.
"What the National Bank is offering its business clients is a whole new approach, which consists of taking complete charge of their personal financial affairs," Ms. Rondou explained. "Private banking centres provide a unique point of entry to all the expertise offered by the various components of the Bank's financial network. Moreover, these clients will receive customized service from seasoned managers who have extensive experience in banking, both personal and commercial, as well as in financial planning."
The main purpose of the private banking centres is to respond to the needs of company executives or owners whose financial affairs are generally more complex and require special attention. The centres will be located in premises adjacent to the Bank's Commercial Banking offices so as to foster synergy with commercial account managers and thereby offer comprehensive services to these entrepreneurs.
The National Bank opened its flagship Private Banking Centre on the main level of its Head Office in Montreal and plans to open another one soon in St-Hyacinthe, followed by others in Laval, Chicoutimi and Trois-Rivières. In 2000 and continuing into 2001, seven additional centres will be opened: two in Ontario, one in Western Canada and four others in Quebec.
"The private banking centres will have all the necessary expertise and resources they need to effectively give support and advice with a view to providing integrated financial solutions to entrepreneurs who are pressed for time," said Pierre Therrien, Vice-President – Private Banking, at the National Bank.
The private banking centres will be able to meet all the needs of their clients, in terms of managing both savings and loans. Among the services offered are: financial planning, cash management, made-to-measure financing, debt management, management of routine banking operations, as well as the execution and follow-up of agreements.