In a world where banks are reluctant to show off their capital markets capabilities, National Bank Financial Inc. has adopted a contrarian view.
After the financial crisis wreaked havoc on wholesale banking, a slew of banks scaled back their capital markets arms and touted their plain vanilla banking operations. But National Bank chief executive officer Louis Vachon doesn’t think he has any reason to play down his wholesale unit. Rather, his team should be talking it up. And that’s precisely what they did on Wednesday at National Bank’s investor day, its first in five years.