CDPQ appoints new leader for private equity activitiesBy The IJ Staff | November 19 2019 02:35PM
The Caisse de dépôt et placement du Québec (CDPQ) announced Nov. 18 that Stephane Etroy has stepped down from his role as Executive Vice-President and Head of International Private Equity. The CDPQ has now decided to regroup all of its private equity activities in Quebec and abroad under the leadership of Charles Émond, who has been appointed Executive Vice-President, Québec, Private Equity and Strategic Planning.
In his new role, Émond will continue to lead CDPQ's investment strategy in Quebec, in addition to leading its private equity activities outside of the province. “This combination of the private equity teams under one leadership will allow CDPQ to fully benefit from the expertise its teams have acquired over the years, in addition to making it easier to share best practices,” says the organization.
The CDPQ says that combining the teams, which will “each retain their distinct mandate and signature – will also generate more opportunities for growth and more opportunities to develop new relationships for the companies that CDPQ is invested in.”
Émond joined CDPQ in February 2019. Prior to that, Émond spent 18 years at Scotiabank, notably as Global Head, Investment Banking and Capital Markets, and Head of Canadian Corporate Banking at Scotia Capital. He is a graduate of HEC Montréal, a CPA and a Chartered Business Valuator (CBV).