Charles Emond was named president and CEO of the C$326.7 billion ($250.2 billion) Caisse de Depot et Placement du Quebec, Montreal.
He will replace Michael Sabia, effective Feb. 1. Mr. Sabia, who has been at CDPQ's helm since 2009, accepted an offer to lead the Munk School of Global Affairs and Public Policy at the University of Toronto upon his departure from the pension fund.
Mr. Emond is currently CDPQ's executive vice president, Quebec, private equity and strategic planning, leading both the Quebec and international private equity teams. He will retain those responsibilities, a spokesman said.
Mr. Emond was selected by the pension fund's board of directors and approved by the government of Quebec on Wednesday.
Officials at the pension fund could not be immediately reached to provide further information.