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J.C. Flowers Hires Vachon, Former CEO of National Bank of Canada

Louis Vachon.

Louis Vachon.

Photographer: Misha Friedman/Bloomberg

J.C. Flowers & Co., a private equity firm focused on financial services, added former National Bank of Canada Chief Executive Officer Louis Vachon as an operating partner.

Vachon left National Bank in October after 14 years leading Canada’s sixth-largest bank. National Bank shares had the best performance of the country’s banks during his tenure as Vachon, 59, expanded the lender beyond its stronghold in Quebec and built up its capital-markets business.