Wednesday, April 1st8.3°C
25326
24949

Public sector pension board names senior executive as interim CEO, begins search

MONTREAL - Public Sector Pension Investment Board has announced an interim president and CEO for PSP Investments, which manages retirement funds for the federal public service, Canadian Forces and RCMP.

John Valentini will replace Gordon Fyfe, who is leaving PSP Investments to become CEO of B.C. Investment Management Corp.

Valentini has been PSP Investments' chief operating officer and chief financial officer since 2008. He has previously been chief financial officer at BCE Emergis and Cognicase Inc., and held senior positions at PricewaterhouseCoopers, Ernst & Young and CDP Capital.

He will hold the top management post while the investment board begins its search for a permanent replacement for Fyfe, whose departure was announced Friday.

At B.C. Investment Management Corp, Fyfe will manage a fund with $114.8 billion in assets _ compared with $90 billion of assets managed by PSP Investments for the federal public sector.

Fyfe replaces Doug Pearce, who is retiring after more than 20 years as head of the B.C. fund manager.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14942.55+40.11
S&P CDNX681.32+1.25
DJIA17698.18-77.94
Nasdaq4880.23-20.66
S&P 5002059.69-8.20
CDN Dollar0.7924+0.0036
Gold1203.60+20.50
Oil49.66+2.06
Lumber274.10-4.10
Natural Gas2.605-0.035

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.55+0.07
Cantex0.03-0.01
Anavex Life Sciences0.23+0.02
Metalex Ventures0.045+0.005
Russel Metals24.83+0.79
Copper Mountain Mining1.19+0.03
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.23-0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
2177516310 Mara Road
3 bedrooms 2 baths
$444,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25732