Roland Lescure, executive vice-president and CIO of Caisse de dépôt et placement du Québec announced he is leaving the Canadian pension fund to enter public and political life. Lescure, who joined the Caisse in 2009, said he wants to play an active role in French and European politics. He plans to share more details of his plans this week. The Caisse has launched a global recruitment process to fill the CIO position. In the interim, Michael Sabia, the pension fund’s president and CEO, will assume Lescure’s responsibilities.
Photo (left to right): Roland Lescure, executive vice-president and CIO, and Michael Sabia, president and CEO, Caisse de dépôt et placement du Québec.
Chief investment officer Roland Lescure announces decision to leave la Caisse to enter public and political life
Montréal, April 5, 2017 – Caisse de dépôt et placement du Québec today announce d that Roland Lescure has decided to leave his position as Chief Investment Officer to enter public and political life.
“I have spent the past seven years working in one of the best institutions in Canada. I worked with extraordinary people and helped build a world-class investment organisation whose success benefits all Quebecers. On the eve of the French elections, I have decided to enter public and political life because I want to play a quite active role at a crucial time for France and for Europe. Since la Caisse is apolitical and non-partisan, I will have more to say about the political commitment I am making tomorrow,” said Roland Lescure.
“From the moment Roland joined la Caisse in 2009, he has worked tirelessly to build what la Caisse is today. While building highly talented investment teams, Roland’s intellect and creativity have helped shape so many of the strategies we have pursued at la Caisse. And he has excelled at rallying his teams to deliver these strategies,” said Michael Sabia, president and CEO of la Caisse. “Over the past few months, Roland and I have discussed his involvement in public and political life, and the decision he is announcing today is a testimony to his values and who he is as a person. This kind of commitment is admirable and should inspire all of us. I am convinced that, whatever form it takes, Roland will make an important contribution to French politics and democracy,” added Mr. Sabia.
“On behalf of the Board, I would like to thank Roland for his exceptional work as an executive of la Caisse. Over the past seven years, the Board has benefited from the depth of his economic and financial expertise, the soundness of his judgment and his fundamental understanding of la Caisse’s mandate,” said Robert Tessier, chairman of the Board of la Caisse.
Given that Mr. Lescure is leaving la Caisse to enter public and political life, his departure will be effective on April 6, 2017.
An international recruitment process for the Chief Investment Officer position has been launched. In the interim, Michael Sabia, president and CEO of la Caisse, will take on Mr. Lescure’s responsibilities.
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, 2016, it held $270.7 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.
Photo courtesy of Reuters/Christinne Muschi