TORONTO, Jan 27 (Reuters) - Public Sector Pension InvestmentBoard (PSP), one of Canada's largest pension fund managers,announced on Tuesday it has chosen André Bourbonnais as itspresident and chief executive officer.
Bourbonnais joins PSP, which manages the pension funds offederal public-service workers, from rival pension fund managerthe Canada Pension Plan Investment Board (CPPIB), where he washead of private investments. He replaces John Valentini, who wasfilling in as CEO after Gordon Fyfe left PSP last year to headthe British Columbia Investment Management Corp (BCIMC).
PSP said Bourbonnais brings an extensive global network andproven portfolio management skills to his new job.
Separately, CPPIB announced that Mark Jenkins, who has beenoverseeing its direct private equity investments and its naturalresources investment programs, will take on the role beingvacated by Bourbonnais.
Jenkins, formerly a banker at Goldman Sachs and laterBarclays, joined CPPIB in 2008.
CPPIB also named Pierre Lavallée to the new role of globalhead of investment partnerships. He will focus on broadeningrelationships with the fund's external managers in private andpublic funds, expanding direct private equity investments inAsia and building the fund's thematic investing capabilities. (Reporting by Euan Rocha; Editing by Peter Galloway)
Barclays (BARC)