Complexe Desjardins is a mixed-use office, hotel, and shopping mall complex located in Montreal , Quebec , Canada , in the Quartier des spectacles area of Saint Catherine Street . The project was designed to develop the eastern end of downtown Montreal , it is located in the quadrilateral formed by Saint Catherine , Saint-Urbain , Jeanne Mance and René Lévesque Boulevard .
15-519: Its architectural design consists of several towers housing offices of the Desjardins Group , Quebec Government offices and other companies, as well as a hotel, linked by an atrium shopping centre anchored by IGA . This design produces the effect of an indoor square. It is one of very few buildings in Canada to have its own postal code prefix , H5B. The Complexe Desjardins is connected by
30-776: A Canadian financial service cooperative and the largest federation of credit unions ( French : caisses populaires ) in North America. It was founded in 1900 in Lévis , Quebec by Alphonse Desjardins . While its legal headquarters remains in Lévis, most of the executive management, including the CEO , is based in Montreal . As of 2017, Desjardins Group consists of 293 local credit unions operating 1,032 points of service and serving more than seven million members and clients, mostly in
45-523: A man, whose body is still unidentified to this day, fell to his death fifty feet from the Complexe Desjardins. Yves Trudeau 's Monument à Alphonse Desjardins was located outside at the corner of St. Urbain and St. Catherine from 1975 to 1995 but since relocated to Parc Catchpaw, in Orford, Quebec . Desjardins Group The Desjardins Group ( French : Mouvement Desjardins ) is
60-445: Is also active in over 30 developing countries through technical assistance programs and various investments. In October 2020, Desjardins launched a social impact fund, Aequitas, which could grow to 115 millions dollars and help women and youth in developing countries. After studying European credit institutions established in the 19th century, Alphonse Desjardins in 1901 came up with an original solution adapted to North America. In
75-1035: The underground city to Place des Arts and the Place-des-Arts Metro station to the north, and the Complexe Guy-Favreau , the Palais des congrès de Montréal , and Place-d'Armes Metro station to the south. The hotel in the complex opened as the Hotel Meridien Montreal in April 1976. It was later renamed the Wyndham Montreal, then the Hyatt Regency Montreal in 2003, then the DoubleTree by Hilton Montreal in December 2018. On July 26, 1992,
90-591: The Canadian operations of U.S.-based insurance giant State Farm . The policies were transferred to be underwritten by Desjardins Insurance on January 1, 2015. The State Farm brand continued to be used for agents and marketing until 2018. On January 3, 2017, Desjardins Group announced the closing of the sale of its pet health insurance company, Western Financial Insurance Company to Economical Mutual Insurance Company. Western Financial Insurance Company and its flagship brand, Petsecure were purchased in 2011 as part of
105-608: The Western Financial Group deal. On July 5, 2017, Trimont Financial, a wholly owned subsidiary of the Wawanesa Mutual Insurance Company, announced the completion of its purchase of the remainder of Western Financial Group from Desjardins Group for $ 775 million. Included in the sale were Western Financial Group's Brokerage Network, Western Financial Group Insurance Solutions, and Western Life Assurance. In 2018, State Farm Canada
120-503: The company's outlook "stable," while Moody's and DBRS rated it "negative." [REDACTED] Media related to Caisses Desjardins at Wikimedia Commons Zag Bank Zag Bank was a Canadian direct bank owned by Desjardins Group . Zag was founded as Bank West in High River , Alberta in 2002 and acquired by Desjardins in 2011 along with the other Western Financial Group companies. Desjardins announced on November 5, 2018
135-450: The former Province of Ontario Savings Office , which it branded Desjardins Credit Union and operated until 2011. This institution was then merged into Meridian Credit Union . (The similarly-named Desjardins Ontario Credit Union , formed 1 January 2020 with the merger of 11 Ontario Desjardins-affiliated credit unions and their federation into one, is not the same entity and continues as a going concern.) In 2014, Desjardins Group acquired
150-679: The late 1990s, the number of caisses was reduced from 1275 to 800. Between 2008 and 2010, total assets at Desjardins Group grew over 15% from Can$ 151.9 billion (when it ranked sixth in Canada and first in Quebec among financial institutions ahead of the National Bank of Canada ) to over $ 175 billion in 2010. In 2006, it had 6,500 elected and volunteer officers and employed over 40,000 people and gave its members $ 483 million in patronage allocations and $ 64 million in donations, sponsorships and academic scholarships. Most of
165-607: The latter sum was used on regional economic development and health programs as well. In that same year, in March 2008, the election of Monique Leroux at the head of the group marked the history of Canada by becoming "Canada's largest company headed by a woman". In December 2010, it acquired the 121 offices and 500,000 customers of Western Financial for $ 443 million, giving it a presence in British Columbia, Alberta, Saskatchewan, and Manitoba. In 2003, Desjardins bought
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#1732773234989180-776: The provinces of Quebec and Ontario . Desjardins Group also operates the services of the former Canadian division of State Farm which was then acquired in 2015. In addition to retail banking , the Group has over twenty subsidiaries offering products and services related to insurance ( Desjardins Financial Security , Desjardins General Insurance ), real estate (with its Complexe Desjardins offices in Montreal and Quebec online estate agent DuProprio [ fr ] ), venture capital funds (Desjardins Venture Capital), and brokerage (Desjardins Securities). The Desjardins Group, through subsidiary Développement international Desjardins,
195-594: The winding down of operations for Zag Bank effective 2019. The Western Financial Group initially focused on insurance consolidation, but expanded into banking in 2002, when Bank West was established. The bank maintained offices in High River and Winnipeg . The bank acquired Ubiquity Bank in November 2007 and Agrifinancial in February 2009. In 2010, Western Financial was acquired by the Desjardins Group and
210-419: Was not linked to a direct cyberattack, but the result of a disgruntled corporate employee. The data leaked was assembled over a certain period of time after unauthorized access to banking systems and copied customer data. Police investigation is still ongoing. As of December 2018, Desjardins long-term debt is rated Aa2 by Moody's , A+ by S&P , AA by DBRS , and AA− by Fitch . S&P and Fitch considered
225-404: Was officially rebranded to Desjardins Insurance through Desjardins Insurance Agents. The whole transition was to be completed by the end of 2019. On June 20, 2019, Desjardins Group reported a data breach involving personal data of 4.3 million individual users and 173,000 businesses, more than 40% of Quebec-based credit union's clients and members. The security breach, detected in December 2018,
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