MONTRÉAL, March 3, 2016 /CNW Telbec/ - Caisse de dépôt et placement du Québec announced today the appointment of Jean Michel as Executive Vice-President, Advisory Services to Depositors and Strategic Analysis.
Jean Michel will be responsible for managing the relationship with la Caisse's clients and developing a more extensive advisory service offering. In his role, he will also be in charge of strategic analysis and will be involved in overseeing investment strategies, in collaboration with the Chief Investment Officer and the Chief Risk Officer.
"Jean Michel has deep expertise in managing pension funds and a solid investment track record, which will enable him to broaden advisory services and collaboration with our clients. With Jean Michel joining our team, we also plan to refine our strategic analyses and strengthen our market intelligence," said Michael Sabia, President and Chief Executive Officer of la Caisse.
"I am very pleased to be joining the Caisse team to build on the work that has been accomplished these past few years. Having been directly exposed to the challenges facing pension plans, I hope to enhance the advisory service offering and the development of our clients' investment policies," said Jean Michel.
Since 2009 and until very recently, Jean Michel was President, Air Canada Pension Investments, whose assets total more than $17.5 billion. In this role, he developed the investment strategy and oversaw all investment activities of Air Canada's 14 pension plans, including the in-house management of more than half of the assets. Under his leadership, the pension funds generated a return and value-added among the best in Canada. The plans' financial health was also solidified to ensure long-term sustainability.
Jean Michel previously held important positions at the consulting firm Mercer, where he served as Team Leader for Eastern Canada and Head of Strategic Investment Research.
Jean Michel will take up his position on March 7, 2016 and will be a member of la Caisse's Executive Committee.
His appointment arises following the departure of Bernard Morency, who stepped down as Executive Vice-President in February.
ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC
Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at December 31, 2015, it held $248.0 billion in net assets. As one of Canada's leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure and real estate. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.
SOURCE Caisse de dépôt et placement du Québec
For further information: Maxime Chagnon, Senior Director, Media Relations, +1 514 847 5493, [email protected]