CDPQ CIO Resigns

The CAD 270 billion Caisse de dépôt et placement du Québec’s Chief Investment Officer has resigned. Roland Lescure left the fund on April 6 to pursue a role within the public and political arena.

“I have spent the past seven years working in one of the best institutions in Canada. I worked with extraordinary people and helped build a world-class investment organization whose success benefits all Quebecers,” Lescure said in a press release.

“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.”

The plan has initiated a global search process to find Lescure’s successor. In the interim, Michael Sabia, the CDPQ’s CEO and president, will take over Lescure’s responsibilities. 

A plan representative was unavailable to provide additional information at the time this story went to press.

 By Amrita Sareen-Tak