The Public Sector Pension Investment Board’s chief investment officer has left the organization to pursue other career opportunities.
The move by Daniel Garant comes less than one month after the pension fund reported a 12.8 per cent return for its 2017 fiscal period, a significant increase from the previous year when it earned a one per cent return.
Read: PSP Investments posts 12.8% return
The fund’s president and chief executive officer, André Bourbonnais, has assumed the role for the time being.
Garant had been at the fund for nearly nine years and previously held the role of vice-president of public markets. Prior to joining the Montreal-based pension fund, he was the chief financial officer at Hydro-Québec.
Prior to joining the federal pension fund in March 2015 as president and chief executive officer, Bourbonnais was senior managing director and global head of private investments at the Canada Pension Plan Investment Board for nine years. He also previously managed private equity portfolios for the Caisse de dépôt et placement du Québec from 2001-04.
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