Andre Bourbonnais was named president and CEO of the C$99.5 billion (US$80.2 billion) Public Sector Pension Investment Board, Montreal, the board announced Tuesday.
Mr. Bourbonnais replaces Gordon Fyfe, who left in June to become CEO and chief investment officer of the C$114 billion British Columbia Investment Management Corp., Victoria.
John Valentini, executive vice president, chief operating officer and chief financial officer, had been interim president and CEO of the board, also known as PSP Investments.
Mr. Bourbonnais was senior managing director and global head of private investments at the C$234.4 billion Canada Pension Plan Investment Board, Toronto. Mark Jenkins, managing director, head of principal investments, was named to Mr. Bourbonnais' position, said Linda Sims, CPPIB spokeswoman. Mr. Jenkins' previous position will not be replaced.
PSP Investments manages the pension assets of Canadian federal public service workers, Canadian Forces, Reserve Forces and the Royal Canadian Mounted Police.