Desjardins ‘Open for Business’ on Deals Beyond Quebec, CEO Says

Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy Cormier said.

Cormier, who oversees North America’s largest financial co-operative, said he’d consider deals up to C$3 billion ($2 billion) over the next three to five years, though he’s also interested in pursuing partnerships with other credit unions and co-ops.