Luis Mayans was named vice president and head of private debt, Europe, at Caisse de Depot et Placement du Quebec, Montreal.
The position is new and is based in Caisse's London office, spokesman Jean-Benoit Houde said.
The appointment is part of Caisse's restructuring of its C$89.5 billion ($68.7 billion) fixed-income portfolio to increase investment in private credit and specialty finance, said James B. McMullan, senior vice president, corporate credit, in an August interview.
Mr. Mayans' hiring follows the June hiring of Robert Hetu, former managing director at Credit Suisse AG and leader of the investment bank's corporate lending group, as vice president and head of U.S. private debt, based in New York.
Mr. Mayans was managing director at Avenue Capital Group, focusing on the firm's direct lending strategy. Information about Mr. Mayans' replacement at Avenue Capital was not available.
Caisse managed C$286.5 billion in Quebec public pension and other assets as of June 30.