Professionals’ Fund Group (PFG) today announced the appointment of Frédéric Bélanger as president and CEO, effective Mar. 1, 2007. He replaces Jacques Gagnon, who is retiring after 10 years as President and CEO.

Since joining PFG in 1997, Bélanger has held a number of positions including general manager – mutual funds, vice chairman – private wealth management, and corporate secretary.

In past years, Bélanger has successfully led numerous initiatives, in addition to playing an important role in restructuring the company. Prior to joining PFG, he worked as an independent consultant and provided premier financial, marketing and strategic planning consulting services to various corporate clients.

Bélanger holds an MBA from Dalhousie University and a Law degree (LL.L.) from the University of Ottawa. He is also a graduate of the Ecole du Barreau du Québec and a member of the Barreau du Québec. He has been on the Board of Directors of the Investment Dealers Association of Canada (Quebec section) since 2001, and a member of this association’s Approvals Committee since 2004.

“We’re pleased to announce Frédéric’s appointment as president and CEO of Professionals’ Fund Group,” said Dr. Yves Dugré, chairman of the board. “His vision, his strong sense of responsibility and his ability to coach, motivate and mobilize teams are indispensable assets for our development. His knowledge of our corporate culture and of the industry, combined with a constant client focus, will allow him to carry on with the Group’s activities and to continue to create value for our members.”

Dugré also acknowledged Gagnon’s 25 years of exceptional leadership. He served for 10 years as President and CEO of Professionals’ Fund Group and for 15 years as a member of the Investment Committee and of various boards of directors. He played an important role in founding the Group and then in restructuring it with the creation of a private wealth management division. “Jacques led the organization during a period of restructuring and growth. Under his leadership, our membership grew from 6,510 to over 8,400 and our managed assets increased from $607 million to more than $1.6 billion.” Upon retiring on February 28, 2007, Gagnon will continue to sit on the Group’s investment committees.

PFG serves the following professional/shareholder groups: the Federation of Medical Specialists of Québec, the Association des chirurgiens dentistes du Québec, the Corporation de service des notaires du Québec, the Association of Architects in Private Practice of Québec, the Association québécoise des pharmaciens propriétaires. Members of the Fédération des médecins résidents du Québec also have access to these same services. Founded initially for professionals not covered by a pension plan and for their family members, PFG today offers complete and personalized mutual fund, private wealth management and financial, estate and retirement planning services. PFG actively manages over $1.6 billon in assets for some 8,400 clients. It is headquartered in Montreal, with offices in Quebec City and Sherbrooke.