Martin Longchamps was appointed executive vice president and head of private equity at Caisse de Depot et Placement du Quebec, Montreal.
Mr. Longchamps will work in CDPQ's Montreal office and "will be responsible for the international private equity portfolio, which includes investments in various sectors around the world," CDPQ said in a news release Monday. He will start Nov. 14.
Mr. Longchamps will replace Martin Laguerre, a CDPQ spokesman confirmed. The CDPQ spokesman declined to comment on Mr. Laguerre's departure.
Mr. Longchamps was managing director-head of origination and execution-private equity, at $230.5 billion ($168.9 billion) Public Sector Pension Investment Board, Montreal, the news release said. A PSP spokeswoman said in an email: “Our private equity business model relies on strong leadership at global and regional levels, and we are not looking for a replacement for this position. The origination and execution pillar has been reassigned to the regional leaders, under the supervision of PE global leadership.”
As of June 30, CDPQ had C$391.6 billion in net assets.
