National Bank Completes the Integration of Wellington West

National Bank Completes the Integration of Wellington West 
Sale of the 39-member MFDA unit to Manulife Financial is completed 
MONTREAL, QUEBEC -- (Marketwire) -- 10/26/12 -- National Bank's
(TSX:NA) Wealth Management division announced today that it has
completed the final step in fully integrating Wellington West into
its operations, with the sale of the Wellington 39-advisor MFDA
dealership to Manulife Financial.  
"Over the last year we have worked to successfully bring Wellington
West's 170-IIROC-licensed investment advisors and their clients onto
the National Bank platform. Today we completed the final step in this
integration process, which was to dispose of Wellington West's MFDA
dealership, a non-core business which does not fit into our long term
strategy", said Luc Paiement, Executive Vice President, National Bank
Wealth Management. "With this integration completed, and with the 82
IIROC-licensed investment advisor network which we acquired from HSBC
Securities (Canada) Inc. in 2011 about to be fully integrated into
our platform, our Wealth Management platform is well positioned for
future growth." 
About National Bank of Canada 
With $180 billion in assets as at July 31, 2012, National Bank of
Canada (www.nbc.ca), together with its subsidiaries, forms one of
Canada's leading integrated financial groups, and was named among the
five strongest banks in the world by Bloomberg Markets. The Bank has
more than 20,000 employees and is widely recognized as a top
employer. Its securities are listed on the Toronto Stock Exchange
(TSX:NA). Follow the Bank's activities via social media and learn
more about its extensive community involvement at clearfacts.ca and
commitment.nationalbank.ca. 
The telephone number provided below is for the exclusive use of
journalists and other media representatives. 
Contacts:
Joan Beauchamp
Senior Advisor - Public Affairs
National Bank
514-394-6500
 
 
Press spacebar to pause and continue. Press esc to stop.