The Caisse de dépôt et placement du Québec is making several appointments in its real assets group in response to the departure of Macky Tall.
He will lead the fund’s real assets and private equity business until the end of 2020 before joining The Carlyle Group Inc.’s infrastructure group in the U.S. as co-chair early next year. Effective Jan. 1, 2021, Jean-Marc Arbaud (pictured) is president and chief executive officer of the CDPQ Infra subsidiary. He’s been managing director since September 2018. As president and CEO, he’ll continue to be responsible for the team and for developing and managing projects, in particular the Réseau express métropolitain.
Harout Chitilian is vice-president of corporate affairs and development and strategy, directly supporting Arbaud in executing and developing CDPQ Infra’s business strategy. He was previously executive director, corporate affairs and development for CDPQ Infra.
Read: Caisse shifts roles in response to economic challenges
Emmanuel Jaclot will continue as executive vice-president and head of infrastructure and member of the Caisse’s executive committee, leading an infrastructure portfolio expected to reach $60 billion by 2024, according to a press release. And Martin Laguerre is executive vice-president of private equity and capital solutions, as well as a member of the executive committee. He was previously managing director, capital solutions, at the Caisse. A new chairman of the board for Ivanhoé Cambridge, the Caisse’s real-estate investment arm, will be appointed at the start of 2021.
Tall was appointed to his current role following a shuffle at the Caisse in April.
“Over the last 16 years, Macky has helped shape our organization through his deep investment expertise and the implementation of CDPQ Infra’s innovative business model,” said Charles Emond, president and chief executive officer of the Caisse, in the release. “He’s recognized for his commitment to [the Caisse de dépôt et placement du Québec], his accessibility and his integrity.”
In other news, Michael Sabia is deputy minister of Finance Canada, effective Dec. 14. He’s currently director at the Munk School of Global Affairs and Public Policy at the University of Toronto and chair of the board of the Canada Infrastructure Bank and was the president and CEO of the Caisse until February.