CANADA- Robert Tessier has joined Caisse de dépôt et placement du Québec as chairman.
Caisse revealed a decline in assets of C$39.8bn (US$31bn) in large part because in drops in the value of Canada's asset-backed commercial paper. (Global Pensions, 26 February 2009)
President and chief executive of the C$120.1bn Caisse, Fernand Perreault, said: "Mr. Tessier's leadership and tremendous administrative and managerial expertise would be a definite asset given the many challenges the Caisse must rise to over the short and medium terms."
Perreault is serving as interim president and chief executive officer while Ciasse looks to replace Richard Guay, who resigned in January.
Guay had been on a medical leave of absence since November and decided to resign for personal reasons.
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