National Bank of Canada (TSX:NA:CA) Barclays 23rd Annual Global Financial Services Conference September 8, 2025 9:45 AM EDT
Company Participants
Wallace Greene
Conference Call Participants
Brian Morton – Barclays Bank PLC, Research Division
Unknown Attendee
Presentation
Brian Morton
Research Analyst
Good morning. Welcome to the Barclays Global Financial Services Conference. I’m Brian Morton and I cover Canadian and Latin American banks here at Barclays. For this morning’s presentation, we’re going to start with — we have Trey Greene, who is the Chief Operating Officer at Credigy. Credigy is a specialty finance subsidiary of the National Bank of Canada, it’s headquartered in Georgia and has over $8 billion in assets under management. With that, welcome, Trey.
Wallace Greene
Thank you.
Question-and-Answer Session
Brian Morton
Barclays Bank PLC, Research Division
For the investors who aren’t as familiar with the Credigy story, can you briefly describe your strategy and market position? And also, could you describe how you fit into the overall strategy for National Bank?
Wallace Greene
Sure. So first and foremost, we’ve been a part of National Bank since 2006. We’ve been a fully consolidated subsidiary for going on 20 years, which I think is important for people to understand that we are fully integrated part of the bank. In terms of our business, we like to think of ourselves as providing capital to either acquire or finance financial assets, primarily in the U.S. across a wide variety of asset classes, including mortgage, consumer, consumer-related products.
Brian Morton
Barclays Bank PLC, Research Division
Great. Credigy has a very unique and diverse asset portfolio. I mean maybe starting with the largest segment, structured mortgage credit investments. Maybe talk about how your competitive advantages in this segment as well as the outlook for the mortgage investments and the stable to potentially lower interest rate environment, though elevated
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