Head of Quebec's largest pension manager says Caisse plans new offices abroad
Michael Sabia, chief executive of Quebec's Caisse de Depot pension fund, announces the fund's results at a news conference Thursday, February 23, 2012 in Montreal. (Ryan Remiorz / THE CANADIAN PRESS)
The Canadian Press
Published Monday, June 2, 2014 2:35PM EDT
MONTREAL -- Quebec's largest pension fund manager, the Caisse de depot, plans to open several new offices outside Canada to accelerate its global investment activities.
Caisse CEO Michael Sabia told a Montreal business audience on Monday that the new offices will help identify winning investment opportunities and potential partners.
He said the Caisse will expand its presence in North America with offices in Washington, D.C., and Mexico City.
They will be in addition to existing offices in Montreal and New York City.
In the Asia-Pacific region, the Caisse currently has an office in Beijing and will add a regional office in Singapore and eventually in Mumbai and Sydney.
The Caisse is one of Canada's asset managers, overseeing funds for Quebec's public and private-sector pensions and insurance plans.
At the end of 2013, the Caisse had $200.1 billion in net assets under its management.