Eduard van Gelderen, senior vice president and chief investment officer of Public Sector Pension Investment Board, Montreal, will be stepping away from day-to-day operations and depart the firm on Oct. 1.
After six years in the role, Gelderen and PSP Investments have “mutually agreed” on his departure, said an Aug. 21 release.
Effective immediately, Alexandre Roy, senior managing director-total fund management, will take on the CIO responsibilities on an interim basis.
Van Gelderen joined PSP Investments in 2018 and was responsible for the firm’s total fund portfolio and long-term investment strategy. He also headed the sustainable investment, public policy, global government affairs and strategic communications functions of PSP Investments, the release noted.
A spokesperson for PSP Investments said Roy will retain his title as senior managing director-total fund management
In its latest fiscal year ended March 31, PSP Investments returned a net 7.2%, exceeding the 6.4% performance by its benchmark.
PSP Investments had C$264.9 billion ($195.6 billion) of net assets under management as of March 31.
