Profits in the wealth management and life and health insurance division were down from a year ago
CWB and Meridian will continue to offer outside products
The cooperative financial group plans to remain active in the space
Surplus earnings rose to $935 million before member dividends, up by more than 70% from a year earlier
The cooperative reported surplus earnings of $798 million before dividends, powered by lower credit loss provisions
Jimmy Jean succeeds François Dupuis, who is retiring after more than 30 years with Desjardins
Despite ESG asset growth, more asset managers need fully integrated processes, an EY report says
The fund will initially start at $50 million
The firm's surplus earnings dropped 29% year over year
Rating outlooks are stable as key risks subside