Caisse de Depot et Placement du Quebec, Montreal, will be split into separate investment and corporate services as part of a new business model for the C$130 billion (US$98.5 billion) pension fund, said Henri-Paul Rousseau, chairman and CEO.
The investment unit will have six areas: equity markets; fixed income; absolute return; private equity; real estate; and investment analysis and optimization, a new group that includes dynamic management of active and absolute risk, macro-economic analysis, information management, sharing of best investment practices and investment management applications support.
Corporate services will consist of finance, treasury and strategic initiatives; human resources and organizational development; risk management and depositors' accounts management; institutional affairs; and information technologies and investment administration.
Each team will be headed by an executive vice president who is a member of the Caisse's management committee. No one has been named so far.