The Globe and Mail reports in its Friday edition that Quebec's Caisse pension fund has hired a well-known dealmaker from Bank of Nova Scotia to join its executive ranks.
The Globe's Tim Kiladze writes that on Thursday, Caisse de depot et placement du Quebec announced the hire of Charles Emond as an executive vice-president in charge of its investment strategy in Quebec, as well as tasked with helping co-ordinate its global footprint.
Mr. Emond joins the pension fund, which has $308-billion in assets, from Scotiabank, where he was named global head of investment banking and head of Canadian corporate banking in November. He had worked for the bank for nearly 20 years in a variety of increasingly senior roles that saw him expand the investment bank in Latin America as well as oversee the bank's economics and strategic transactions teams.
Mr. Emond has a high profile in Quebec. At Scotiabank, he had previously been head of investment banking in the province, and in 2018 he led the bank's acquisition of money manager Jarislowsky Fraser for $950-million. Scotiabank has yet to name a new head of investment banking. The Globe further notes that the Caisse also hired Martin Coiteux as its chief economist.
© 2019 Canjex Publishing Ltd. All rights reserved.