SWFI First Read, October 18, 2016

CDPQ Hires Intuit Executive for Tech

Nicholas Westphal is leaving his role as Director of Corporate Strategy and Development at Intuit. He is joining Caisse de dépôt et placement du Québec (CDPQ) to serve as a lead for North American technology investments.

CDPQ Backs Harnois Groupe’s Service Station Acquisitions

Caisse de dépôt et placement du Québec (CDPQ), on October 13, 2016, invested C$ 30 million in equity capital in Harnois Groupe pétrolier, Québec’s largest independent distributor of petroleum products. In addition, the Fonds de solidarité FTQ has invested C$15 million as part of this transaction. The infused capital will assist in financing Harnois Groupe’s acquisition of 36 Esso service stations located in the Montréal and Québec City regions. This will bring the Harnois Groupe pétrolier’s network to more than 400 sites operating throughout Québec under the Harnois, Pétro-T and Esso banners.

JPMorgan Adjusts Saudi Team, Names Bader Alamoudi as Senior Country Officer

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