Credential Financial Inc. and the Mouvement des caisses populaires acadiennes announced on Monday that as of June 30, Credential Asset Management would become the carrying dealer for the Mouvement des caisses populaires acadiennes.

As the carrying dealer, Credential is committed to providing the Mouvement des caisses populaires acadiennes with best practices and back-office services.

With over 200,000 members, the Mouvement des caisses populaires acadiennes offers advisory services to 33 Caisses operating in 85 business locations in New Brunswick. The partnership agreement between Credential and the Mouvement des caisses populaires acadiennes will provide the Caisses with enhanced services, economies of scale, and access to a comprehensive product offering.

“The Mouvement des caisses populaires acadiennes aims to provide the highest quality products and services to its members. We are happy to announce the conclusion of a partnership agreement with Credential Financial Inc., since this alliance will enable us to improve the services we provide our members and to benefit from the expertise of another co-operative institution of national stature” said Camille Thériault, president and CEO of the Mouvement des caisses populaires acadiennes.

This partnership represents a further expansion by Credential into the French market. “With Credential’s roots in the co-operative movement there is a synergy between our two organizations that offers an opportunity for the continued growth of both partners,” said Don Rolfe, president and CEO of Credential Financial Inc. “We look forward to working together with our colleagues from the Mouvement des caisses populaires acadiennes.”