Company News

The new name is intended to reflect the independent nature of the expanded clientele the firm serves

By Leah Golob |

 

National Bank Correspondent Network, a subsidiary of Montreal-based National Bank Financial Ltd., has changed its brand name to National Bank Independent Network (NBIN) effective Nov. 1.

As the independent Canadian market continues to grow, the new name is intended to reflect the expanded clientele serviced by this channel, NBIN says in a news release.

The firm is Canada's largest provider of custodial, trading, clearing, settlement and record keeping services to independent registered portfolio managers and introducing brokers.

"At NBIN, we have more than 200 dedicated professionals to support independent firms," says Patrick Primerano, president and CEO of NBIN. "The investors who make the choice to work with an independent money manager or advisor will know their assets are safe and secure at [NBIN]. We are very excited about our new trademark, and our continued support of the independent network across Canada."

NBIN supports more than 400 independent financial services firms with a combined total of more than $160 billion in assets under administration.

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