The Caisse de dépôt et placement du Québec today announced the creation of CDP Capital inc., a company that groups together CDP’s fund and investment management operations, i.e., the activities of CDP Global Asset Management, CDP Private Equity and CDP Real Estate.

“This involves a change in structure, approved by the board of directors, that reflects the significant increase in our activities over the past few year and that will allow us to pursue our growth projects more efficiently,” stated chairman of the board and CEO of Caisse de dépôt et placement du Québec, Jean-Claude Scraire, who will also be the chairman of the board of CDP Capital.

CDP will continue to oversee corporate functions associated with depositors’ policies and management mandates, strategic management functions, the human resources services, the general secretariat, the auditing function, institutional relations, Quebec economic affairs and advisory services.

In addition to grouping together the operations of CDP Global Asset Management, CDP Private Equity, CDP Real Estate and all the subsidiaries and affiliates, CDP Capital will also control the following services: legal, processing of operations, processing of client accounts, marketing and treasury, including several human resources services.

Michel Nadeau will be the president of CDP Capital and chairman of the company’s management committee, chairman of the board of CDP Global Asset Management as well as chairman of CDP Private Equity and CDP Real Estate’s management committees. “The new structure will allow us to consolidate our fund management operations and optimize resources.”

Nadeau will continue as president of CDP Global Asset Management until a new president is appointed.