The Caisse de dépôt et placement du Québec is regrouping all of its private equity activities in Quebec and abroad under the leadership of Charles Émond, who has been appointed executive vice-president, Quebec, private equity and strategic planning.
The move comes after Stephane Etroy decided to step down from his role as executive vice-president and head of international private equity to spend more time with his young family in London, England.
In the new role, Émond will continue to lead the Caisse’s investment strategy in Quebec, in addition to leading its private equity activities outside of the province. He was appointed executive vice-president of Quebec and global strategic planning in January 2019. Before joining the Caisse, Émond was at Scotiabank for more than 18 years, as head of Quebec’s investment banking group and more recently as global head of investment banking and Canadian corporate banking.
Combining the private equity teams under one leadership will allow the Caisse to fully benefit from the expertise its teams have acquired over the years, in addition to making it easier to share best practices, noted a press release.