National Bank of Canada (the Bank) announced that Martin Gagnon, Executive Vice-President, Wealth Management, as well as Co-President and Co-Chief Executive Officer of National Bank Financial, will retire from the Bank effective April 1, 2023. Upon Martin's retirement and until his successor is named, Denis Girouard, currently Executive Vice-President and Co-Head, Financial Markets, will lead Wealth Management on an interim basis. Étienne Dubuc is appointed sole Head of the Financial Markets group.

Since joining the Bank 33 years ago, Denis Girouard, an industry veteran and reference in the fixed income space, has been instrumental in growing the Financial Markets division which he has co-led since 2016. Under his stewardship, the Bank has notably positioned itself as the leader in government debt underwriting in Canada for over 10 years. Étienne Dubuc has been with the Bank and Financial Markets for 25 years where he has held increasingly senior roles and spearheaded the build of several businesses, notably option and ETF market-making, as well as structured products issuance and trading.

During his tenure, his team's extensive and unique expertise has secured National Bank's leadership position in these segments in Canada. Étienne joined the Senior Leadership Team in November 2022 upon his appointment to the role of Executive Vice-President and Co-Head of Financial Markets.