National Bank of Canada Report July 2024 | Page 11

“ By focusing on improving IT capabilities , acquiring new clients , and enriching the employee environment , NAventures aims to integrate innovative solutions directly into the bank ’ s framework ”

PHILIPPE DAOUST VICE PRESIDENT & MANAGING DIRECTOR , NATIONAL BANK OF CANADA
NAventures : Aligning with National Bank of Canada NAventures , as a corporate venture fund within National Bank of Canada , is strategically built to align with the bank ’ s broader objectives . Philippe explains : “ When the previous CEO approached me to start a corporate venture fund , he envisioned us to invest in tech companies . But given my years in merger and integration and how you connect companies , I decided to create a fund truly built around National Bank ’ s strategy , helping the bank deliver that strategy and find the right partners .”
NAventures supports the bank ’ s innovation and strategy through four key areas : acquiring new clients , enhancing IT capabilities , improving the employee environment , and launching new offerings .
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