CANADA - Philippe Ithurbide has been promoted to executive vice-president of fixed income at the Caisse de dépôt et placement du Québec.
The Caisse stated that Ithurbide would now be responsible for the teams that manage short term investments, real return bonds, bonds and long term bonds and currency, as well as management of fixed income securities held by the specialised Québec International portfolio.
Ithurbide will also now be a member of the Caisse’s executive committee and its investment division committee.
Caisse de dépôt et placement du Québec CIO Richard Guay said: "Ithurbide’s recognised expertise in fixed income will enable him to successfully meet the challenges that await him."
Ithurbide was previously vice-president, strategic investments, with the fixed income group. He joined the Caisse in February 2006.
As at 31December 2006 the Caisse held C$143.5bn of net assets.
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