Quebec flag billowing in the breeze

Former Quebec premier Bernard Landry died Tuesday at the age of 81.

Before becoming premier in 2001, he held many prominent government posts with the Parti Qu├ębecois, including deputy premier and finance minister.

Landry is considered the father of Bill 188, legislation regarding the distribution of financial products and service in Quebec.

He was finance minister when the bill passed in June 1998. The law allowed all deposit-taking institutions to sell insurance in their branches in Quebec.

Landry replaced Lucien Bouchard as premier after Bouchard resigned.

He was defeated in the April 2003 election by the Liberals under the leadership of Jean Charest.

The news of his death was confirmed to The Canadian Press by his personal assistant, Odette Morin.

With files from Investment Executive and Finance-et-Investissement.