Appointment of Ricardo Pascoe to Senior Vice-President ' Capital Markets at the National Bank

The National Bank is proud to announce the appointment of Ricardo Pascoe to the position of Senior Vice-President – Capital Markets at the National Bank.

"We are very pleased to welcome Mr. Pascoe to our team. He acquired extensive capital markets expertise while working for major financial groups in Canada, the United States and England. We believe that he will make a considerable contribution to consolidating the Bank's role in the derivatives industry, a booming market", stated Louis Vachon, Senior Vice-President – Treasury and Financial Markets.

Mr. Pascoe, who has been in the position since September 2, is responsible for overseeing the National Bank's operations relating to derivative products, foreign exchange and alternative investments. "It was the Bank's business spirit that particularly attracted me to this new posting, and my main challenge will be to continue the targeted expansion already begun with derivative products", explained Mr. Pascoe.

Until very recently, Mr. Pascoe was Global Head of Markets at Commerzbank Securities in London, England. He also worked in New York as Global Head of Fixed Income, Trading and Alternative Investment Strategies for Commerzbank Capital Markets Corp. Prior to that, he was Managing Partner for Veritas Capital Management, LLC, Greenwich, Connecticut, and held various senior management positions with other specialized investment firms and at BT Bank of Canada.

Mr. Pascoe has an MBA from the University of Western Ontario, a Master's degree in Economics from Columbia University, New York, and a Bachelor's degree from Queen's University in Kingston, Ontario.

A photo of Mr. Pascoe is available, please contact Genevieve Morin at 514 394-8085.

 About the National Bank of Canada

National Bank of Canada is an integrated group which provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. The National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. The National Bank has assets of over $75 billion and,together with its subsidiaries, employs over 17,000 people. The Bank's securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank's website at www.nbc.ca.

Information : (the telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives):

Josée Lagacée
Public relations officer
National Bank of Canada
Tel.: 514 394-6500
josee.lagace@bnc.ca