National Bank of Canada says the head of its wealth management business is retiring.

The bank says Martin Gagnon, executive vice-president, wealth management, as well as co-chief executive of National Bank Financial, will step down on April 1.

Until Gagnon's successor is named, National Bank says Denis Girouard, executive vice-president and co-head, financial markets, will lead wealth management on an interim basis.

Girouard has co-led the financial markets division since 2016.

Étienne Dubuc, currently co-head of financial markets, will become sole head of the financial markets group.

He joined the bank's senior leadership team in November 2022.

This report by The Canadian Press was first published Jan. 26, 2023.