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National Bank of Canada appoints two directors

Staff writer | Montreal, QC, Canada | November 3, 2014
National Bank of CanadaNovember 3, 2014, Montreal, QC, Canada - National Bank of Canada announced that it has appointed Raymond Bachand and Karen Kinsley to its board of directors from October 29 and December 3, 2014, respectively.
Mr. Bachand is a lawyer, and holds both a doctorate in business administration (DBA) and a master in business administration (MBA) from the Harvard Graduate School of Business Administration.

From 1981 to 2005, Mr. Bachand 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 solidarite FTQ and SECOR. In 2005, he 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.

Mr. Bachand 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, he joined the Montreal office of the law firm Norton Rose Fulbright as a strategic adviser. Mr. Bachand 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 Quebec.

Ms. Kinsley served as president and chief executive officer of Canada Mortgage and Housing Corp. (CMHC) from 2003 to 2013.

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 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.