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Launch of the Finance Montréal cluster: a necessary joint effort for a strategic sector for Montréal  

Press Release

Launch of the Finance Montréal cluster:
a necessary joint effort for a strategic sector for Montréal

Montréal, November 29, 2010 – The Board of Trade of Metropolitan Montreal is thrilled with the launch of the Finance Montréal cluster by Quebec’s financial milieu. This initiative of the major players in finance will stimulate the creation and development of financial business in the city and around Quebec.

“The financial services sector is very important for Montréal’s economy, in particular because it creates more than 100,000 jobs,” said Michel Leblanc, President and CEO of the Board of Trade.” In recent years, the strategy of industrial clusters has been proven in a number of fields such as aeronautics, life sciences, film and information technology. So it’s good news that Montréal’s financial sector is combining its strengths. This strategy will help it better tackle the many challenges it faces.  

“Financial services are a highly strategic sector for the city’s economic development,” Mr. Leblanc said. “This is why we are holding a Strategic Forum on the future of the sector on December 10. The event will allow many of the key players who are behind the cluster to share their vision with the Montréal business community. I would also like to point to the important contribution of Jacques Girard in setting up this new cluster and congratulate Jean Houde for his appointment as chair of the board of Finance Montréal.”

The Board of Trade of Metropolitan Montreal is made up of some 7,000 members. Its mission is to represent the interests of the business community of Greater Montréal and to provide individuals, merchants, and local businesses of all sizes with a variety of specialized services to help them achieve their full potential in terms of innovation, productivity and competitiveness. The Board of Trade is Quebec's leading private economic development organization.


Sylvie Paquette
Coordinator, Media Relations
Board of Trade of Metropolitan Montreal
Phone: 514 871-4000, extension 4015

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