Paul Fenton becomes Chief Economist and Yanick Desnoyers
joins team as Deputy Chief Economist
MONTREAL, May 6 /CNW Telbec/ - The Caisse de dépôt et placement du
Québec today announced the appointment of Paul Fenton as Chief
Economist and Yanick Desnoyers as Deputy Chief Economist. These
appointments will enable the Caisse to continue developing its in-depth
knowledge of the markets in which it invests, whether in Québec, Canada
or other countries worldwide.
"We are proud to count on the expertise of Mr. Fenton, who has worked,
in particular, at the Bank of Canada, where he demonstrated outstanding
leadership skills, both as a high-level economist and a senior
executive," said Roland Lescure, Executive Vice-President and Chief
Investment Officer of the Caisse. "In today's complex and ever-changing
global economy, Mr. Fenton's vast experience, rigour, and comprehensive
vision of major macroeconomic and financial issues will prove
invaluable, deepening the understanding and analytical capabilities of
the Caisse's team of economists."
"I am pleased to welcome Mr. Desnoyers to our team. He has an impressive
track record that will help strengthen the Caisse's economic
expertise," said Mr. Fenton. "I am convinced that, together with the
Caisse's team of highly qualified economists, we will put our
complementary experiences to work for the organization and its
depositors to identify sectors and markets with high growth potential."
Until recently, Paul Fenton was Chief of the Canadian Economic Analysis
Department of the Bank of Canada, which he joined in 1979. Throughout
his career, he has conducted wide-ranging analyses of economic
conditions across Canada in support of the country's monetary policy.
Within the organization, Mr. Fenton also held the positions of Chief
Forecaster and Research Director. At the International Monetary Fund,
Mr. Fenton served as Adviser to the Executive Director for Canada,
Ireland and the Caribbean, and as an economist for its World Economic Outlook publication.
Mr. Desnoyers, who is joining Mr. Fenton's team, was Assistant Chief
Economist at National Bank Financial Group and Senior Economist at the
Bank of Canada. In these roles, Mr. Desnoyers developed solid expertise
in macroeconomics and foreign exchange analysis, and has, in turn, been
responsible for analyzing the economic situation of the U.S., Europe,
Japan, the U.K., Brazil and Venezuela.
Mr. Fenton and Mr. Desnoyers will officially take their posts at the
Caisse on May 9 and 30, respectively.
ABOUT THE CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and
insurance plans. As at December 31, 2010, it held $151.7 billion in net
assets. As one of Canada's leading institutional fund managers, the
Caisse invests in major financial markets, private equity and real
estate. For more information: www.lacaisse.com.
SOURCE CAISSE DE DEPOT ET PLACEMENT DU QUEBEC
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