Appointment of the new Vice President of Business Development and the new Vice President, Mergers and Acquisitions

4 April 2023

Synex Group's growth is driven by two key strategies: acquisitions and the organic growth of our firms. These strategies rely on each of the talents that make up our team. We are fortunate to be an agile organization and to be able to allow each person to occupy the position that best suits them and the needs of Synex.

We are very pleased to announce today two simultaneous moves that will allow two of our colleagues to fully exploit their strengths and abilities and take on key roles within our company while continuing their professional development.

Congratulations Hugo

We are pleased to announce the appointment of Hugo Neveu as Vice President of Business Development for Synex Benefit Solutions business line across Canada. Hugo's focus will be primarily on cross-selling, with an emphasis on working with P&C broker-producers. This role is also combined with a new responsibility as COO (Chief Operating Officer) for Synex Benefit Solutions outside Quebec.

With his extensive domain expertise, exceptional leadership and business development background, it is a natural progression for Hugo to take on this role. In his new role, Hugo's main objective will be to define and execute an ambitious business plan by driving cross-selling in our two respective business lines and new business across Canada. His experience in managing complex projects and his ability to work collaboratively with multiple stakeholders make him a valuable asset to ensure the growth of this business line.

As COO, he will also be involved in the day-to-day operations and organic growth of the firms outside the province of Quebec. He will be responsible for supporting our teams in order to propel them towards achieving their business objectives. Of course, he will be working with his long-time sidekick Lyne Lapointe, who is the COO (Chief Operating Officer) for Group Solutions in the province of Quebec. We are confident that he will rise to the challenge with flying colors; good luck Hugo!

Congratulations Émile

As one transition leads to another, we are very pleased to announce the appointment of Émile Sauvageau to the position of Vice President, Mergers and Acquisitions, for Synex Insurance and Synex Benefit Solutions.

Having been involved for several years in acquisitions, mergers and numerous structural projects within Synex, our colleague Émile will now take on new duties that will allow him to evolve and, by the same token, to grow Synex.

With his solid experience and understanding of legal, regulatory, accounting, tax, and most importantly, business models, Emile will be able to guide Synex Business Performance on the best alignments for our acquisitions.

Emile is known for his ability to make sound strategic decisions that directly impact the growth of the company. Thus, by having direct interaction with the new organizations and all the stakeholders involved, he will be in the best position to maximize synergies.

With this new VP appointment, we look forward to seeing his strategic vision and innovative ideas in action, knowing that he is committed to keeping our company at the forefront of the market.

These changes will be rolled out gradually over the next few months.

Thank you, gentlemen, for creating the Future with us, and most of all, good luck in your new roles!