Michael Sabia, president and CEO of the Caisse de depot et placement du Quebec, Montreal, will leave the C$326.7 billion ($247 billion) pension fund at the beginning of February.
The pension fund's board of directors has started the process of selecting a successor to Mr. Sabia, who has been at CDPQ's helm since 2009, according to a news release Tuesday.
The board is using an executive search firm, the name of which was not disclosed.
Robert Tessier, chairman of the board of directors, said in the news release that the board plans to have a successor appointed and ratified by the Quebec Cabinet by the beginning of 2020.
Mr. Sabia has 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.
CDPQ officials could not be immediately reached to provide further information.