MONTREAL, Dec. 5, 2018 /CNW Telbec/ - National Bank announced today that Richard Fortin will be stepping down from his position on December 31, 2018. A member of National Bank's Board of Directors since 2013, Mr. Fortin also serves as Chair of the Risk Management Committee and is a member of the Audit Committee.

"Thanks to his knowledge of the business world, risk management and his experience as a director on several companies' boards, Richard Fortin helped the Bank on many levels. On behalf of National Bank and its Board of Directors, I would like to thank him not only for his commitment and contribution to the organization's success, but also for the leadership he has shown over the years," said Jean Houde, Chairman of the Board of Directors.

Pierre Thabet, who has served on the Board of Directors of National Bank since 2011, will take over as Chair of the Risk Management Committee effective January 1, 2019.

About National Bank of Canada
With $262 billion in assets as at October 31, 2018, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. It has more than 23,000 employees in knowledge-intensive positions and has been recognized numerous times as a top employer and for its commitment to diversity. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.

SOURCE National Bank of Canada

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