NEW YORK, January 24, 2022 /PRNewswire/ — JC Flowers & Co. LLC (“JC Flowers” or “the Company”), a leading private investment firm dedicated to global investment in the financial services industry, today announced that the veteran of the banking sector Louis Vachon joined the company as an operating partner, effective immediately.
More recently, Mr. Vachon was President and Chief Executive Officer of Banque Nationale de Canadasituated at Montreal, a position he held from 2007 until his retirement last October. Mr. Vachon sits on the boards of Molson Coors Beverage Company, CH Group Limited Partnership and Alimentations Couche-Tard. He holds a master’s degree in international finance from Fletcher School of Tufts and a bachelor’s degree in economics from Bates Collegeand is also a Chartered Financial Analyst.
“We worked on many transactions and investments together during his time at National Bank, and we are delighted to have Louis join our firm,” said Chris Flowers, CEO of JC Flowers. “We greatly admire his success as CEO, driving both long-term shareholder performance and the cultural transformation of the organization, and have enormous respect for his investment judgment. a time of disruption and opportunity in the financial services industry, and we believe Louis’ experience will be an asset to many of our current and future portfolio companies as they navigate the environment of today.”
Mr. Vachon said: “I have known JC Flowers & Co. for a long time. Given our history of success together, I believe the firm is the right platform for me to put my skills and experience to work in financial services. look forward to working with the JC Flowers team and its portfolio companies in the years to come.”
Mr. Vachon joins the growing list of operational partners of JC Flowers, which includes Richard Carrión, David Morgan, John Oros and Ilinca Rosetti.
About JC Flowers & Co.
JC Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the company has approximately $5 billion of assets under management. JC Flowers has offices in New York and London with an investment staff of approximately 20 people who combine over 300 years of experience. Throughout its history, JC Flowers has invested over $17 billion capital in 60 portfolio companies in 18 countries across a range of industry subsectors, including banking, insurance and reinsurance, securities firms, specialty finance, services and asset management. For more information, please visit www.jcfco.com.
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SOURCE JC Flowers & Co.