COGNICASE Inc.: Mr. Real Raymond of National Bank of Canada is Appointed to COGNICASE Board of Directors.Business Editors MONTREAL--(BUSINESS WIRE)--May 1, 2000 The President and Chief Executive Officer of COGNICASE Inc. (Nasdaq:COGI COGI Coalition on Government Information (also known as the Minnesota Coalition on Government Information, or MNCOGI; promotes open access to public records) )(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :COG.), Mr. Ronald Brisebois, announced today the appointment of Mr. Real Raymond of the National Bank of Canada This article is about a commercial bank. For Canada's central bank, see Bank of Canada. National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. to the board of directors of the corporation. Mr. Real Raymond is President, Personal and Commercial Bank at the National Bank of Canada. As such, he is responsible for the Bank's day-to-day operations and the development of products and services for retail and commercial clients. He has been working at the National Bank since 1970. He has held several senior management positions, including Senior Vice-President, Real Estate and Corporate Banking for all of Canada, Senior Vice-President, Treasury and Financial Markets, and Senior Executive Vice-President for National Bank Financial. Mr. Real Raymond sits on the Board of Directors of the National Bank and is also Chairman of the Board of General Trust of Canada, National Bank Life Insurance. In addition to its professional activities, Mr. Raymond is actively involved in a number of well-known institutions. The appointment of Real Raymond follows the agreement in principle entered into last February between COGNICASE and the National Bank, pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. , among other things, to the acquisition of SIBN Inc., the IS/IT subsidiary of the National Bank, by COGNICASE and COGNICASE becoming the preferred supplier of all IS/IT requirements of the Bank and its affiliates. "We are pleased to welcome Real Raymond on our company's Board of Directors," declared Ronald Brisebois, COGNICASE President and Chief Executive Officer. "COGNICASE will greatly benefit from his experience and his in-depth knowledge of financial markets and industry sectors with high use of information technologies." About the National Bank of Canada Ranking sixth among Canada's chartered banks Chartered Bank A financial institution whose primary roles are to accept and safeguard monetary deposits from individuals and organizations, and to lend money out. The details vary from country to country, but usually a chartered bank in operation has obtained government permission , the National Bank is the leading banking institution in Quebec and the bank of choice for small and medium-sized enterprises. It has branches in every province of the country. Through its representative offices, subsidiaries and alliances, it is also represented in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and elsewhere in the world. Founded in 1859, National Bank of Canada is the product of a series of mergers and acquisitions. It has assets of close to $70 billion and, together with its subsidiaries, it employs over 17,000 people. The Bank's head office is in Montreal and its shares are listed on the Toronto and Vancouver stock exchanges Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). . About COGNICASE COGNICASE is an innovative E-Business integrator (1) In electronics, a device that combines an input with a variable, such as time, and provides an analog output; for example, a watt-hour meter. (2) See systems integrator. and Internet/Wireless electronic solutions providers, with offices in several major North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European business centers. Based on its results-driven approach, technologies, and international IT engineering/hosting center, COGNICASE offers innovative solutions that contribute to the business success of its customers in the digital economy. COGNICASE is composed of the four following business units: Outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. and Integration, Electronic Business Solutions, Internet/Wireless Technologies and Internet Portals. COGNICASE employs around 3,500 professionals in several countries, including Canada, the United States, France, Spain, Italy, Belgium, the Netherlands and Australia. The information contained under the heading "About COGNICASE" takes into account the proposed transaction between COGNICASE Inc. and National Bank of Canada, which includes the acquisition by COGNICASE of SIBN Inc., the National Bank's IT subsidiary, scheduled to close on May 31, 2000. |
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