Anita Marangoly George was named managing director, South Asia at Caisse de Depot et Placement du Quebec, Montreal, and will lead a new office in New Delhi.
The new office will be called CDPQ India, said a Caisse news release.
Ms. George was senior director, energy and extractive industries at the World Bank Group.
Caisse manages C$248 billion ($186.2 billion) in assets for public pension plans in Quebec as well as for other provincial agencies. CDPQ India will join Caisse’s foreign offices in New York, Washington, Mexico City, Paris, Singapore, Sydney and Beijing.
The new Caisse office in India was part of agreements reached in April 2015 between then-Canadian Prime Minister Stephen Harper and Indian Prime Minister Narendra Modi. Those agreements also included the creation of a Mumbai-based office for the Canada Pension Plan Investment Board, which manages the assets of the C$282.6 billion Canada Pension Plan, Ottawa. The CPPIB office opened in October.
Also on Wednesday, Caisse said it would commit $150 million to invest in renewable energy in India, targeting hydroelectric, solar, wind and geothermal power assets through partnerships with leading Indian renewable energy companies.
Maxime Chagnon, Caisse spokesman, said the New Delhi office is expected to open in the next few weeks; no specific date has been set.
