Caisse de dépôt et placement du Québec has appointed Jean Michel, the former president of Air Canada’s pension plan program, as executive vice president of advisory services to depositors and strategic analysis, according to the Quebec City-based pension fund manager’s announcement released Thursday.
Michel’s responsibilities will include developing a more extensive advisory service offering and overseeing investment strategies in partnership with the organization’s chief investment officer and chief risk officer.
“Jean Michel has deep expertise in managing pension funds and a solid investment track record, which will enable him to broaden advisory services and collaboration with our clients,” says Michael Sabia, Caisse’s president and CEO, in a statement. “With Jean Michel joining our team, we also plan to refine our strategic analyses and strengthen our market intelligence.”
Most recently, Michel was president of Air Canada Pension Investments, at which he developed the investment strategy and oversaw all investment activities of the Montreal-based airline’s 14 pension plans. His professional experience also includes time at Toronto-based Mercer (Canada) Ltd., at which he was team leader for Eastern Canada and head of strategic investment research.
“I am very pleased to be joining the Caisse team to build on the work that has been accomplished these past few years,” says Michel in the statement. “Having been directly exposed to the challenges facing pension plans, I hope to enhance the advisory service offering and the development of our clients’ investment policies.”
Michel will begin his new role and join Caisse’s executive committee on March 7. He replaces Bernard Morency, who stepped down in February.