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Quebec’s Caisse de Depot Hires Diplomat to Run Overseas Unit

  • Blanchard, Canada’s ambassador to the UN, to head new division
  • Manager has two-thirds of its portfolio outside of Canada
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Photographer: Brent Lewin/Bloomberg

Caisse de depot et placement du Quebec named Canada’s ambassador to the United Nations, Marc-André Blanchard, to lead a group that will run its international investments.

As head of CDPQ Global, Blanchard will oversee the fund’s three main regional hubs outside of Canada: U.S./Latin America, Europe and Asia Pacific. Anita George, a Caisse executive vice-president, will be the group’s deputy head, the investment manager said in a statement Friday.