La Caisse announces appointment of two executives to key functions
Caisse de dépôt et placement du Québec announced today the appointment of two executives to key functions related to its global strategy.
Martin Coiteux will join la Caisse as Chief Economist, and Charles Emond will take on the role of Executive Vice-President, Québec and Global Strategic Planning.
“I’m very happy that these two world-class executives have chosen to join la Caisse among all the organizations that could have benefited from their talents. Mr. Coiteux and Mr. Emond have a deep understanding of Québec and global markets. They will certainly contribute to raising the profile of both Québec and its know-how on the world stage, which is perfectly in line with la Caisse’s strategy. Their expertise and strong leadership skills will be additional assets for la Caisse team to successfully navigate a complex global economic environment,” said Michael Sabia, President and Chief Executive Office of la Caisse.
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Appointment of Charles Emond as Executive Vice-President, Québec and Global Strategic Planning
Mr. Emond will be responsible for implementing la Caisse’s Québec investment strategy, which aims to strengthen the economy and foster the development of Québec companies, both locally and internationally, in addition to piloting, with the Executive Committee, the strategic planning process for la Caisse’s global activities.
“Québec’s companies are facing challenges that require effective partners, both for companies that are growing internationally and for those that play a strategic role in Québec’s economy. I am therefore very happy to join la Caisse to take on this mandate and seize the best investment opportunities on behalf of the depositors, all Quebecers,” said Mr. Emond.
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Before joining la Caisse, Mr. Emond, a graduate of HEC Montréal, worked for more than 18 years at Scotiabank, notably as Head of Québec’s Investment Banking group, and more recently, as Global Head, Investment Banking and Canadian Corporate Banking, including responsibility for equity capital market operations globally for which he was based in Toronto. As the Head of Scotiabank’s Investment Banking franchise globally, Mr. Emond is recognized for achievements in several areas, including growth in Canada and international markets, as well as strategic planning, private and public markets financings and mergers and acquisitions locally and on an international scale.
After leading the acquisition of Jarislowsky Fraser, a major Canadian asset management firm, he became, and was until recently, the Chairman of its Board of Directors.
Appointment of Martin Coiteux as Chief Economist
As Chief Economist, Mr. Coiteux will be responsible for providing la Caisse with the economic and business intelligence leadership required for successfully implementing its investment strategy through world-class economic analyses that will identify areas of risk and of opportunity in various international markets.
For nearly 20 years, Mr. Coiteux was a professor of international economics and international management at HEC. He was also the Bank of Canada’s representative in Québec. More recently, he served as President of the Treasury Board of the Government of Québec and in various ministerial posts.
Mr. Coiteux holds a Bachelor’s Degree from Université de Sherbrooke, a Master’s Degree in Economics from Queen’s University and a PhD in International Economics from the Graduate Institute of International Studies in Geneva.
“I’m thrilled to be joining la Caisse to lead a team of seasoned economists at a well-performing institution with a long-term vision. Economic analysis plays a critical role in finding the best investment opportunities in Québec and around the world, particularly in such a competitive environment. Contributing closely to la Caisse’s strategy is a challenge that is both demanding and stimulating,” noted Mr. Coiteux.
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Mr. Emond will start at la Caisse on February 1, and Mr. Coiteux will start on January 18.
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 June 30, 2018, it held CAD308.3 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.
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