Michael Sabia, former president and CEO of the Caisse de Depot et Placement du Quebec, Montreal, was named Canadian deputy finance minister by Prime Minister Justin Trudeau, according to a news release.
Effective Dec. 14, Mr. Sabia replaces Paul Rochon, who was appointed senior official at the privy council office.
Mr. Sabia had led the C$333 billion ($249 billion) Caisse since 2009 before leaving in February to become director of the University of Toronto's Munk School of Global Affairs and Public Policy. Charles Emond replaced Mr. Sabia as CDPQ president and CEO.
