MONTREAL, June 2, 2014 /CNW Telbec/ - On the occasion of a speech
delivered to the Montreal Council on Foreign Relations, Michael Sabia,
President and Chief Executive Officer of La Caisse de dépôt et
placement du Québec, outlined La Caisse's strategy to become a truly
global organization. Mr. Sabia also addressed challenges facing
Québec's economy and the vital importance for Québec businesses to
adopt a global perspective in pursuit of opportunities for growth.
Mr. Sabia said that the globalization of La Caisse and Québec's economy
go "hand in hand."
Mr. Sabia said that, by building on the many changes La Caisse has made
over the past five years to strengthen its foundations and become more
agile, the organization can now go even further by becoming a truly
global organization, A globalized Caisse will be positioned to seize
the best opportunities in the world to achieve solid, long-term
"It is our responsibility to go out and seek returns where they are and
serve as a bridge to the world for Québec's economy," explained Mr.
Sabia. "This will be one of the cornerstones of everything we do over
the next five years."
While competition is fierce among investors globally, succeeding in such
an environment requires a deep understanding of the big picture, the
major trends and the specific, regional realities. Identifying the most
promising projects in the most attractive countries calls for both
agility and an increasingly global presence.
"In this environment, being world smart is pivotal," said Mr. Sabia.
GLOBAL POSITIONING: A FOUR-PART PLAN
To raise La Caisse's game globally, Mr. Sabia laid out four key
Strengthen investment teams' expertise and global orientation
Expand La Caisse's presence in selected markets
Identify the right partners, both regionally and globally
Invest strategically, in line with the core trends driving the world
Today, La Caisse has offices in New York and Beijing and is now planning
strengthen its presence in the United States by expanding its New York
office and opening a satellite office in Washington
complete its presence within NAFTA by opening an office in Mexico,
serving as a bridgehead to Latin America
open a regional office in Singapore, which will serve as a hub for La
Caisse in Asia, and eventually open branches in Mumbai, India and
"There are many good reasons why we need a foothold on the ground,"
explained Mr. Sabia. "There is one reason that is particularly
important to me - that our people assigned to these positions can
become immersed in the business culture of these regions of the world
and develop networks of contacts."
INVESTING IN QUÉBEC, GLOBALLY
While generating solid returns, La Caisse will enable Québec companies
to benefit from global growth, essentially in three ways:
identify and invest in promising Québec companies that can expand in
put its global capacities to work with exporting companies
continue to strengthen the entrepreneurial and outward-looking culture
of Québec businesses.
"We are working with our companies to increase their access to global
growth, wherever it is, and enable Québec's economy to truly take its
place in the world," concluded Mr. Sabia.
ABOUT LA CAISSE
La 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, 2013, it held $200.1 billion in net
assets. As one of Canada's leading institutional fund managers, La
Caisse invests in major financial markets, private equity,
infrastructure and real estate, globally. For more information: www.lacaisse.com.
SOURCE: Caisse de dépôt et placement du Québec
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