David Latour will succeed Claude Bergeron as head of risk management at Caisse de Depot et Placement du Quebec, Montreal.
Specifically, Mr. Latour will be named executive vice president-risk management when Mr. Bergeron "retires in a few months," according to a news release Tuesday.
A spokesman for CDPQ confirmed in an email that Mr. Latour will succeed Mr. Bergeron.
Mr. Latour's primary function will be to "ensure sound management of the risk related to our investment strategies and operations," the news release said.
Mr. Latour, who first joined CDPQ in 2009, has served as the firm's managing director-strategy and investments-capital solutions since 2020. The spokesman declined to comment on Mr. Latour's successor.
Mr. Bergeron, whose current title is chief risk officer, is retiring after 35 years at CDPQ. Mr. Bergeron will keep his current role "over the coming months to support operations and ensure the smooth transition of his responsibilities," the release added.
As of June 30, CDPQ had C$391.6 billion ($304.1 billion) in net assets.