Appointment of an Executive Vice-President, Private Equity and
Infrastructure and creation of an Executive Vice-President, Québec
MONTRÉAL, May 5, 2014 /CNW Telbec/ - La Caisse de dépôt et placement du
Québec has taken a new step in the deployment of its investment
strategy, announcing changes to its structure. The appointment of an
Executive Vice-President, Private Equity and Infrastructure and the
creation of an Executive Vice-President position dedicated exclusively
to Québec are consistent with the work carried out these past few years
to strengthen La Caisse's position in global markets and to maximize
its impact in Québec.
"With these changes, we will be even better equipped to reach our goals
here in Québec and in the world's most promising markets," said Michael
Sabia, President and Chief Executive Officer. "This new structure
allows us to mobilize our teams based on two well-defined mandates and,
more generally, to continue to enhance La Caisse's standard of
performance and depth of expertise."
Executive Vice-President, Private Equity and Infrastructure
Given the changes currently underway in the global economy, growth will
be coming from varied sectors and diverse markets over the next few
years. To identify the best private equity and infrastructure
investment opportunities in the world, La Caisse must go even further
in developing leading-edge expertise in order to make direct
investments and develop solid partnerships around the world. To this
end, it must be able to rely on high-level, talented individuals with
access to extensive international business networks.
After a rigorous, global recruitment process, Andreas Beroutsos has been
appointed Executive Vice-President, Private Equity and Infrastructure.
In this role, he will oversee all private equity investment activities
conducted outside Québec. Mr. Beroutsos was Director and Senior Partner
and member of the Firmwide Senior Partner election committee at
McKinsey & Company, the management consulting firm, where he
established and managed the global private equity practice. After 20
years with this firm, Mr. Beroutsos became Partner and Senior Managing
Director at Eton Park Capital Management. Until recently, he was
Partner and Managing Director at One Point Capital and Managing Partner
at Navigos Capital, in New York. He was the founder of both firms. Mr.
Beroutsos studied at Harvard University and holds an MBA from Harvard
Business School. He speaks five languages: Greek, French, English,
Italian and Spanish. He joins La Caisse today and is based in Montréal.
Executive Vice-President, Québec
Since 2009, La Caisse has substantially increased its assets in Québec,
particularly in the private sector. Today, given La Caisse's increased
presence and its commitment to play a leading role with Québec
companies throughout the province, it was a logical decision to create
the position of Executive Vice-President, Québec. This new Executive
Vice-President will be in charge of managing La Caisse's Québec-based
private equity investment portfolio and, more generally, playing a
leadership role in the integrated coordination and planning of all of
La Caisse's activities in Québec. The Executive Vice-President, Québec
will play an advisory role with all internal teams and will be charged
with looking for the best business opportunities throughout the
Luc Houle, who has served as Senior Vice-President, Private Equity and
who has been with La Caisse for more than 30 years, has agreed to be
the Interim Executive Vice-President, Québec until the recruitment
process has been finalized. Over the years, Mr. Houle has been
instrumental in a large number of La Caisse's major transactions in
Québec and has successfully led the Medium-sized Companies and Large
Companies and Venture Capital teams. He has vast experience on the
ground, working with entrepreneurs, and is highly respected in the
Québec business community. In addition to his investment role, Mr.
Houle serves on the boards of directors of several companies.
Mr. Beroutsos and Mr. Houle will sit on La Caisse's Executive Committee.
The process to recruit the Executive Vice-President, Québec, will be
finalized over the next two to three months.
These changements follow Normand Provost's announcement last August of
his intention to retire. "On my behalf and on behalf of all my
colleagues at La Caisse, I would once again like to thank Normand
Provost for his dedication, accomplishments and immense contribution to
the success of La Caisse throughout his exceptional career," said
ABOUT LA CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
La Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and parapublic 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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