MONTREAL, June 20, 2014 /CNW Telbec/ - The Board of Directors of the
Public Sector Pension Investment Board (PSP Investments) today
announced that Gordon J. Fyfe has indicated he is stepping down from
his role as President and CEO of PSP Investments.
"During his nearly 11-year tenure as president and CEO of PSP
Investments, Gordon's strong leadership has allowed him to build a
world-class management team and an organization that has delivered
solid returns for the pension plans of the Public Service, the Canadian
Forces, the Royal Canadian Mounted Police and the Reserve Force," said
Cheryl Barker, Interim Chair of the Board of Directors. "We respect his
decision and wish him well in his future endeavours."
Since Mr. Fyfe joined PSP Investments in 2003, the corporation has grown
steadily from a team of 35 employees managing $14 billion in net assets
under management to a team of some 550 with assets totalling over $90
The Board of Directors will enact the pre-established CEO succession
plan and further details will be announced shortly.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of
Canada's largest pension investment managers. Its highly-skilled and
dedicated team of professionals manages a diversified global portfolio
including public equities, private equity, bonds and other fixed-income
securities, real estate, infrastructure and renewable resources. PSP
Investments is a Crown corporation established to manage employer and
employee net contributions since April 1, 2000, to the pension funds of
the federal Public Service, the Canadian Forces and the Royal Canadian
Mounted Police, and since March 1, 2007, of the Reserve Force. PSP
Investments' head office is located in Ottawa, Ontario, and its
principal business office is in Montréal, Québec. For more information
about PSP Investments, visit www.investpsp.ca.
SOURCE: PSP Investments
For further information:
Vice President, Communications and Government Relations
Tel.: 514 925‐5431