#Canada #Montreal #PSP Investments #Caroline Vermette #Alexandre Roy

Public Sector Pension Investment Board Announces New Leadership Appointments

The Public Sector Pension Investment Board (PSP Investments) has recently made significant updates to its leadership team by appointing Caroline Vermette as the new Senior Vice President and Chief Financial Officer (CFO) and Alexandre Roy as Senior Vice President and Chief Risk Officer. These appointments come as PSP Investments continues to respond to the complexities of the global investment landscape.

Leadership Backgrounds

Caroline Vermette brings a wealth of experience to her new role. Before joining PSP Investments, she worked at the National Bank of Canada, where she played an integral role as the Senior Vice President of Internal Audit. Her experience there involved providing critical insights and assurances regarding the effectiveness of the bank’s risk management and internal controls. With more than 20 years in financial management, Vermette is known for her expertise in strategic financial planning and an aptitude for leveraging technology to drive efficiencies.

Deborah K. Orida, President and CEO of PSP Investments, expressed her enthusiasm regarding Vermette’s appointment, highlighting her impressive track record in financial reporting and risk management. Orida stated, "Her extensive experience and understanding of complex financial transactions will be vital for our ongoing financial stability and direction. Caroline is poised to enhance our capability to navigate the intricate global investment environment we operate in, ensuring we meet our responsibilities to our beneficiaries."

Alexandre Roy, who has been with PSP Investments since 2007, has also been recognized for his pivotal role in enhancing the organization’s risk management strategies. Previously, he served as the Senior Managing Director for Total Fund Management, where he spearheaded the Total Fund approach, which integrates various asset classes and investment activities for more optimized processes and performance. His experience and leadership have been essential in bolstering the organization's risk management framework.

Orida noted, "Alexandre's exceptional skills and commitment have long been integral to our success, and his promotion to Chief Risk Officer underscores his deep understanding of our business. He will continue to provide invaluable insights as we pursue our strategic goals and safeguard our investment portfolios."

About PSP Investments

PSP Investments is one of Canada's largest pension fund managers, with over $264.9 billion in net assets as of March 31, 2024. The organization is committed to managing and investing the funds allocated to it by the Government of Canada, which supports the pension plans of the federal public service and various armed forces branches. Headquartered in Ottawa, PSP Investments has expanded its presence internationally with offices in Montréal, New York, London, and Hong Kong, supporting a diverse portfolio that crosses multiple asset classes, including private equity, infrastructure, and real estate.

The new appointments mark a significant step forward for the leadership at PSP Investments, reinforcing the organization’s commitment to excellence in financial management and risk oversight. As they embark on this new chapter, both Vermette and Roy are expected to advance the strategic objectives of PSP Investments as it navigates an increasingly complex investment landscape.