CPPIB executive Andre Bourbonnais to lead federal government pension plan
André Bourbonnais, recently head of the Canada Pension Plan Investment Board’s private investments division, is to become the chief executive officer of the Public Sector Pension Investment Board.
PSP Investments is the federal government’s largest employee pension plan, managing $100-billion of pension assets for federal civil servants, including members of the Canadian Forces and the RCMP.
CPPIB has appointed Mark Jenkins to replace Bourbonnais as senior managing director and global head of private investments. Jenkins was previously managing director for CPPIB overseeing direct private equity, principal credit investments and natural resources investment programs.
Bourbonnais’ appointment to CEO will become effective March 30th, with PSP executive vice-president John Valentini leading in the interim.
Bourbonnais joined CPPIB in 2006 and was most recently overseeing a $65-billion portfolio of private equity, infrastructure and other investments. Prior to CPPIB, he worked in a variety of investment and management roles, including managing private equity portfolios for the Caisse de dépôt et placement du Québec. He began his career as a lawyer at Stikeman Elliott LLP.