National Bank Financial


Serving Canadian individual and institutional investors, corporations, and government
agencies since 1902.

National Bank Financial is one of the top six investment dealers in Canada, and the
undisputed leader in Quebec. The Firm is proud to trace its roots back to 1902
– a time where many of its current competitors had yet to see the light of day.

During the course of the 20th century, the firm grew steadily on a solid foundation,
profiting from many strategic alliances formed with key partners. National Bank
Financial itself was created by the merger of a number of different brokerage
firms over the years, including such reputable names as Lévesque Beaubien,
Geoffrion Leclerc, First Marathon, J.D. Mack, Capital Group, Equitable
Securities, Rademaker McDougall & Company and Oswald Drinkwater and John

A Truly National Firm

National Bank Financial is a truly integrated firm, combining retail advisory
and brokerage services with institutional brokerage, investment banking,
corporate finance and securities clearing services for third parties. The Firm
has a substantial presence in all regions of Canada as well as operations in
the United States and Europe, and yet remains unique among major Canadian
investment dealers for the depth of its coverage of the Quebec market. It not
only plays a leading role in all major Canadian investment markets, but is also
active in a number of specialized and rapidly growing related businesses.

National Bank Financial has 3,060 employees, largely working in offices located in all
major Canadian urban centers. The Firm’s business unit serving individual
investors has 750 Investment Advisors in an 86 branch-network that extends from
the Atlantic to the Pacific coasts, and manages some $96 billion of assets
for roughly 250,000 Canadians. National Bank Financial is also Canada’s largest
provider of clearing services to third party investment dealers and portfolio
managers, independent securities firms, financial planners, investment
counselors and money managers. The Firm’s Correspondent Network’s clientele
encompasses more than 100 independent financial service firms, who entrust NBCN
with the administration of a further $47 billion, bringing the Firm’s total
assets under administration to just under the $100 billion mark. Annual
revenues of $1.1 billion place it among the leaders in the Canadian investment

Although its capital base of $875 million makes National Bank Financial very strong on a
stand-alone basis, it draws additional solidity from being an indirect wholly-owned
subsidiary of the National Bank of Canada, which has a market capitalization of
$9.8 billion. An active social and economic force for the past 140 years, the
National Bank of Canada is the country’s sixth largest chartered bank, with
assets in excess of $105 billion. The National Bank’s head office is located in
Montreal and its Canadian network can boast of close to 500 branches.

Focusing on Service

Continuing a tradition that goes back to 1902, National Bank Financial has made
client service and the development of long-term client relationships the
cornerstone of its operating philosophy. The firm goes out of its way to fully
understand the needs of its retail, corporate and institutional clients, and to
respond with creative solutions and value-added services.

With this in mind, National Bank Financial takes steps to ensure that it can
always count on the best in the business: one of the firm’s day-to-day
priorities is to recruit top-notch professionals, and spare no effort to ensure
that they remain among the best qualified in the industry.

NationalBank Financial at a Glance

One of Canada's leading dealers, and perhaps the only truly national one Dominant presence in Quebec with a 30% market share

$1.1 billion in annual revenues

$875 million in capital

More than 750 investment Advisors in 86 branches coast to coast

More than $96 billion in assets under management

A leader in institutional equity sales and trading

Highly ranked research

An experience and diverse group of investment banking professionals

Specialized M&A expertise

Integrated corporate banking capability

A key participant in all Canadian fixed-income markets

High-yield research, trading and issuance

Canada's #1 provider of third-party securities clearing services

A dynamic merchant bank