CDPQ CIO Roland Lescure Exits Role for Public and Political Life
Roland Lescure, the Chief Investment Officer of Caisse de dépôt et placement du Québec (CDPQ), on April 5th, announced his intentions to leave his position. Lescure is exiting his role to enter public and political life. Lescure plans to return to France to enter politics.
In a news release, Lescure stated, “I have spent the past seven years working in one of the best institutions in Canada. I worked with extraordinary people and helped build a world-class investment organisation whose success benefits all Quebecers. On the eve of the French elections, I have decided to enter public and political life because I want to play a quite active role at a crucial time for France and for Europe. Since la Caisse is apolitical and non-partisan, I will have more to say about the political commitment I am making tomorrow.”
Lescure joined CDPQ in 2009, being recruited by Michael Sabia, the CEO of CDPQ. From 2006 to 2009, Lescure was CIO of Groupama Asset Management in France. He worked in asset management at the Caisse des Dépôts et Consignations (CDC).
A recruitment process is underway to fill the CIO position at CDPQ. In the interim, Michael Sabia will take on the duties of CIO.
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