Appointments at CDPQ to maximize expertise and face global economic challenges

Caisse de dépôt et placement du Québec (CDPQ) announced today some appointments and changes to its organizational structure to maximize the expertise of its teams to be well positioned to face global economic challenges.

First, Macky Tall is appointed Head of Real Assets and Private Equity, a new investment business unit that is home to key asset classes for CDPQ, created to increase the organization’s impact in those sectors. Through his various roles, Mr. Tall has built strong and lasting connections with CDPQ’s business partners. His track record includes achievements such as globally positioning our infrastructure activities and strengthening our operational expertise in Liquid Markets. In his new position, he will be responsible for the International Private Equity, Infrastructure and Capital Solutions teams, as well as for CPDQ Infra, where he remains President and Chief Executive Officer. Leadership of these teams remains unchanged. Mr. Tall is also appointed Chairman of the Board of Directors of Ivanhoé Cambridge, which will provide him with a broad perspective on our real assets activities, including real estate, where the portfolio’s repositioning is already well underway under the leadership of Nathalie Palladitcheff, President and Chief Executive Officer of the real estate subsidiary.

As a result of these changes, a search process to recruit a replacement for Mr. Tall as Head of Liquid Markets has been launched. Mr. Tall will fill the position in the interim with the support of the teams in place.

In addition, in Liquid Markets, Helen Beck is appointed Executive Vice-President and Head of Equity Markets. As the leader of this portfolio, Ms. Beck has overseen equity market activities in recent years, demonstrating solid expertise in portfolio management and the capacity to stay the course through various cycles. Ms. Beck will join the Executive Committee and report to the new Head of Liquid Markets.

Kim Thomassin, who was serving as Executive Vice-President, Legal Affairs and Secretariat, is appointed Executive Vice-President and Head of Québec Investments and Stewardship Investing. Ms. Thomassin possesses extensive knowledge of Québec’s businesses and a vast network, she is recognized for her command of the files she works on and for her negotiating skills. Her role includes responsibility for the Québec Private Equity teams as well as Espace CDPQ. In addition, Ms. Thomassin will continue to oversee the Stewardship Investing team, whose mandate is anchored to the heart of CDPQ’s mission. 

Lastly, Chief Economist Martin Coiteux’s mandate is expanded. Mr. Coiteux, who is recognized for his deep understanding of the global economy and sharp analytical skills, takes responsibility for the Global Strategy team. His integrated team will develop the main pillars of the strategy in close collaboration with the Executive Committee and various CDPQ teams. 

Macky Tall, the new Head of Liquid Markets, Kim Thomassin and Martin Coiteux will all report to the President and Chief Executive Officer. These appointments are effective immediately.