The C$298.5 billion ($227.8 billion) Caisse de Depot et Placement du Quebec, Montreal, promoted two executives, said Caisse spokesman Maxime Chagnon.
Macky Tall was appointed head, liquid markets and Réseau express métropolitain, a planned rapid transit system in the greater Montreal area Caisse will help develop and manage. Maxime Aucoin has been named executive vice president and will now head a new investment strategies and innovation team. The positions are new.
In his new role, Mr. Tall will continue to lead the REM project and also oversee the management of liquid markets investments. In February, Caisse's infrastructure division, CDPQ Infra, announced that construction of REM is scheduled to begin in April and open to riders in the summer of 2021. Meanwhile, Mr. Aucoin will create a new group responsible for identifying and generating new investment opportunities. Messrs. Tall and Aucoin will both report to Michael Sabia, Caisse president and CEO.
Mr. Tall was head of the infrastructure portfolio, while Mr. Aucoin was senior vice president, total portfolio. Mr. Tall was replaced by Emmanuel Jaclot, senior vice president and head of mergers and acquisitions at Schneider Electric, confirmed spokeswoman Cesaltine Gregorio. Mr. Aucoin will continue to be responsible for asset allocation and portfolio construction activities.
Caisse manages assets of Quebec's public provincial and municipal pension funds.