Gordon Fyfe was named president and CEO of the Public Sector Pension Investment Board, an Ottawa pension fund covering Canadian federal employees, the Royal Canadian Mounted Police and Canadian armed forces, according to Alanna Woods, spokeswoman for the C$10 billion (US$7.1 billion) PSP Investments. He will take over the job Oct. 15, replacing Adel Sarwat, who resigned in March.
Mr. Fyfe was president of CDP Investments, which oversees the stock and bond investments of the C$130 billion Caisse de Depot et Placement du Quebec, Montreal. Lucie Freniere, Caisse spokeswoman, said that the executives who reported to Mr. Fyfe will report directly to Henri Paul Rousseau, Caisse chairman and CEO. Mr. Rousseau is going to "analyze the situation to see what is needed" before deciding how to replace Mr. Fyfe, Ms. Freniere said.