Caisse de dépôt et placement du Québec: Philippe Ithurbide is appointed Executive Vice-President, Fixed Income

    MONTREAL, April 2 /CNW Telbec/ - Richard Guay, Chief Investment Officer
of the Caisse de dépôt et placement du Québec, is pleased to announce that
Philippe Ithurbide has been appointed Executive Vice-President, Fixed Income.
    As Executive Vice-President, Fixed Income, Mr. Ithurbide will be
responsible for the teams that manage four specialized portfolios: Short Term
Investments, Real Return Bonds, Bonds and Long Term Bonds. The currency
management team will also report to Mr. Ithurbide. He will also be responsible
for management of the fixed-income securities held by the specialized Québec
International portfolio. Mr. Ithurbide will be a member of the Caisse's
Executive Committee and its Investment Division Committee.
    "Philippe Ithurbide's recognized expertise in fixed income will enable
him to successfully meet the challenges that await him," Mr. Guay stated.
"With his extensive international experience, he will use his talent to
motivate his teams to achieve the target returns of the Caisse's depositors."
    Mr. Ithurbide was previously Vice-President, Strategic Investments, with
the Fixed Income group. He joined the Caisse in February 2006.
    He has a "diplôme d'études de troisième cycle" and a doctorate in
economics and international finance from the Université de Bordeaux in France.
He has more than 20 years of experience in currencies and interest rates. He
is the author or co-author of many publications and articles on subjects
pertaining to pension plans, including foreign exchange markets, fixed income
and commodities.
    Before joining the Caisse, Mr. Ithurbide held various positions at
Société Générale, including Chief Strategist and Research Director, Foreign
Exchange and Interest Rates. As a member of the board of directors of the
Société Générale pension plan for six years, he was responsible for asset
allocation. Mr. Ithurbide also held various positions with other French
financial institutions.
    "Since my arrival at the Caisse, I have come to appreciate how competent
and talented its in-house teams are, and I'm confident and enthusiastic about
taking up this new challenge," Mr. Ithurbide stated.

    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, 2006, it held CA$143.5 billion of net assets. As one
of the leading institutional fund managers in Canada, the Caisse invests in
the main financial markets as well as in private equity and real estate. For
more information:

For further information:

For further information: Lucie Frenière, Media Relations, (514)

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