Monday, July 28th21.2°C
22568
22156

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 TSX15445.22-9.82
S&P CDNX1019.852.41
DJIA16982.5922.02
Nasdaq4444.909-4.655
S&P 5001978.91+0.57
CDN Dollar0.9251-0.001
Gold1305.20+2.10
Oil101.39-0.28
Lumber321.20-1.80
Natural Gas3.733-0.014

 
Okanagan Companies
Pacific Safety0.195+0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.065-0.005
Anavex Life Sciences0.265-0.01
Metalex Ventures0.08+0.01
Russel Metals35.15-0.21
Copper Mountain Mining2.97+0.15
Colorado Resources0.225+0.015
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.02-0.03
Mission Ready Services0.19+0.01

 



21269

FEATURED Property
1997043142/144 Brookfield Road
8 bedrooms 6 baths
$698,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22581