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In an effort to grow its wealth management business, Levis, Que.-based Desjardins Group has announced changes to its executive team.

Denis Dubois has been appointed executive vice-president of wealth management and life and health insurance (WMLHI), replacing Gregory Chrispin.

In an email to Investment Executive, Desjardins spokesperson Marc-Brian Chamberland wrote that while the WMLHI unit “is doing well in general, we need to accelerate our growth in this sector.”

Because of this, Desjardins decided a change in leadership was necessary, “despite Gregory Chrispin’s fine work as head of WMLHI,” Chamberland wrote.

“WMLHI operations are central to our growth strategy — and our Canada-wide development in particular,” Chamberland added.

Dubois was previously executive vice-president of Desjardins’ property and casualty insurance business. That role has now been filled by Valérie Lavoie.