Insurance Business CDPQ chief investment officer announces departure

CDPQ chief investment officer announces departure Public insurer Caisse de dépôt et placement du Québec (CDPQ) announced yesterday that chief investment officer Roland Lescure has decided to vacate his current position to pursue a career in politics.

Lescure’s departure will be effective from today (April 06).

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“I have spent the past seven years working in one of the best institutions in Canada,” Lescure said yesterday. “I worked with extraordinary people and helped build a world-class investment organisation whose success benefits all Quebecers. On the eve of the French elections, I have decided to enter public and political life because I want to play a quite active role at a crucial time for France and for Europe. Since la Caisse is apolitical and non-partisan, I will have more to say about the political commitment I am making tomorrow.”

“From the moment Roland joined la Caisse in 2009, he has worked tirelessly to build what la Caisse is today,” CDPQ president and CEO Michael Sabia commented. “While building highly talented investment teams, Roland’s intellect and creativity have helped shape so many of the strategies we have pursued at la Caisse. And he has excelled at rallying his teams to deliver these strategies.”

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“Over the past few months, Roland and I have discussed his involvement in public and political life, and the decision he is announcing today is a testimony to his values and who he is as a person. This kind of commitment is admirable and should inspire all of us. I am convinced that, whatever form it takes, Roland will make an important contribution to French politics and democracy,” Sabia added.

Following Lescure’s departure, Sabia will take on the former chief investment officer’s duties in the interim.

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