The head of National Bank Financial Wealth Management is leaving his position at the end of the week, Finance et Investissement reported on Tuesday.

NBF Wealth Management president Martin Lavigne will be replaced by Jonathan Durocher on May 8, the bank told the Montreal-based newspaper. Durocher has been president of National Bank Investments since 2014.

An internal memo said Lavigne’s decision to leave the role was mutual, as he explores other opportunities and spends more time with his family, Finance et Investissement reported.

The memo said Lavigne helped the firm become an industry leader over his nine years in the role.

Durocher, the memo said, who spent several years as vice-president of NBF Wealth Management, is passionate about financial advice. He’s also worked in partnership with various fintechs and is a board member of the Investment Funds Institute of Canada.

Finance et Investissement is the sister publication to Investment Executive. Both publications are owned by Newcom Media.