MONTREAL - The Public Sector Pension Investment Board has hired a senior manager from the Canada Pension Plan Investment Board to be its new president and chief executive.
Andre Bourbonnais, whose appointment as CEO of PSP Investments becomes effective March 30, has been responsible for more than $65 billion as CPPIB's global head of private investments.
PSP Investments manages about $99.5 billion for the federal public service, Canadian Forces and RCMP pensions.
At the CPPIB, which manages about $234.4 billion on behalf of the Canada Pension Plan, Mark Jenkins will become the new global head of private investments.
In addition, Pierre Lavallee becomes CPPIB's global head of investment partnerships, a new department that will focus on broadening relationships with external fund managers.