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Industrial Alliance announces a change in the Chair of the Board of Directors

Quebec City,

News Release

Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) announces that Mr. Jacques Martin will become Chair of the Board effective today, September 6, 2018. He succeeds Mrs. Jocelyne Bourgon.

As Vice-Chair and subsequently Chair, Mrs. Bourgon led the Board’s activities at a pivotal time that included the retirement of Mr. Yvon Charest after 18 years in the position of Chief Executive Officer and the harmonious transition of his successor, Mr. Denis Ricard. This phase now complete, Mrs. Bourgon has indicated that “the time is opportune to name the next person to lead the Board in its oversight of the continued development of the organization over the coming years.”

The members of the Board of Directors and the executive team take this opportunity to thank Mrs. Bourgon for the leadership she has provided in the progression of the Board and iA Financial Group.

Jacques Martin is a corporate director and a member of the Board of Directors of iA Financial Group since 2011. He has worked as an executive in the investments industry including Goldman Sachs in London and New York where he was Managing Director and Head of International Equities at the time of his departure, as well as for the Caisse de dépôt et placement de Québec as Senior Vice-President, International Equities, based in New York. Mr. Martin holds a Bachelor of Commerce from McGill University, a Bachelor of Law from Université de Montréal and an MBA from INSEAD. He is a member of the Quebec Bar.