Philippe Ithurbide has been appointed executive vice president of fixed-income of the Caisse de dépôt et placement du Québec.

As executive vice president of fixed-income, Ithurbide will be responsible for the teams that manage four specialized portfolios: short-term investments, real-return bonds, bonds and long-term bonds. The currency management team will also report to Ithurbide. He will also be responsible for management of the fixed-income securities held by the specialized Québec International portfolio. Ithurbide will be a member of the Caisse’s executive committee and its investment division committee.

“Philippe Ithurbide’s recognized expertise in fixed-income will enable him to successfully meet the challenges that await him,” stated Richard Guay, CEO of the Caisse. “With his extensive international experience, he will use his talent to motivate his teams to achieve the target returns of the Caisse’s depositors.”

Ithurbide was previously vice president, strategic investments, with the fixed-income group. He joined the Caisse in February 2006.

Before joining the Caisse, Ithurbide held various positions at Société Générale, including chief strategist and research director, foreign exchange and interest rates. As a member of the board of directors of the Société Générale pension plan for six years, he was responsible for asset allocation. Ithurbide also held various positions with other French financial institutions.

“Since my arrival at the Caisse, I have come to appreciate how competent and talented its in-house teams are, and I’m confident and enthusiastic about taking up this new challenge,” Ithurbide stated.