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Following last year’s retirement of former president and chief executive officer Yvon Charest, iA Financial Group has announced the retirement of another senior executive – Michel Tremblay, executive vice-president and chief investment officer, who will step down on May 31.
Tremblay was a member of the iA Financial Group planning committee, led by president and chief executive officer Denis Ricard. He joined the company in 2008 and had held his position at the head of investments since that time. He was responsible for the management of the company’s general and investment funds, totalling $89.1 billion as of December 31, 2018, and was also head of the company’s corporate financing activities.
“Since joining our executive team in 2008 at the height of the financial crisis, Michel Tremblay has put in place investment strategies leading to the sound management of our interest rate risk and the diversification of our portfolio into higher yielding asset classes such as real estate and private equity,” said Ricard.
“Michel helped us to weather the storm after the crisis and he leaves us on solid ground to meet the challenges of the years ahead. We wish him a long and healthy retirement.”
