J.C. Flowers & Co. LLC, a private investment firm investing in financial services, has added Louis Vachon as an operating partner.

Louis Vachon joins the firm from National Bank of Canada where he most recently served as president and CEO since 2007. Vachon is a banking industry veteran and joins the firm following his retirement in October.

“I have known J.C. Flowers & Co. for a long time,” added Vachon. “Given our history of success together, I believe the firm is the right platform for me to bring my skills and experience to bear in financial services. I look forward to working with the J.C. Flowers team and its portfolio companies in the coming years.”

“We have worked together on many transactions and investments together during his time at National Bank, and we are delighted that Louis will be joining our firm,” said Chris Flowers, CEO of J.C. Flowers. “We greatly admire his success as a CEO, driving both long-term shareholder performance and the cultural transformation of the organization, and have enormous respect for his investment judgment.”