Montréal, September 22, 2015 – Finance Montréal today announced that PSP Investments is joining the organization as a new Governor Member. PSP Investments is one of Canada's largest pension investment managers, with $112 billion in assets as at March 31, 2015. Its main business office is in Montréal, and it employs approximately 600 financial services professionals.
André Bourbonnais, PSP Investments' President and CEO, is joining Finance Montréal's Board of Governors. Nathalie Bernier, Senior Vice President, Strategic and Business Planning and Chief Financial Officer, will represent PSP Investments within the Board of Directors. Members of PSP Investments will also be involved in Finance Montréal's work groups.
"We are happy to welcome Mr. André Bourbonnais and the entire PSP Investments team to Finance Montréal. This institution has extensive expertise, which will contribute to the advancement of our work in specialized areas of finance where Montréal has a competitive advantage. PSP Investments' credibility is well-established in international markets; it will thus help raise the profile of Montréal's financial industry. We salute this positive commitment to our community," said Claude Séguin, Chairman of the Board of Finance Montréal.
"We are proud to form a partnership with Finance Montréal and to foster the growth of the province's financial sector. Finance Montréal's pivotal role in this area is remarkable, which is why PSP Investments, in its desire to take on a bigger role in the local financial community, is looking forward to lending its support. Furthermore, as PSP Investments will soon have offices in New York and London, it is perfectly positioned to promote Montréal as a leading financial hub," said André Bourbonnais, President and CEO of PSP Investments.
About Finance Montréal
Finance Montréal, Québec’s financial cluster, was created in 2010 by institutions in the financial services industry at the invitation of the Québec Government. Finance Montréal brings together 24 Governor Members, 14 Associate Members and close to 300 volunteer professionals. Its mission is to develop and promote Québec’s financial services industry. The organization works to enhance Montréal's reputation as world-class financial hub and engages in international business development activities to attract foreign firms in Montréal by promoting various fiscal incentives including the IFC tax credit. Finance Montréal fosters cooperation among a vast range of institutions to stimulate the industry’s growth while raising awareness of the financial specializations found in Montréal. To learn more about Finance Montréal, visit www.finance-montreal.com.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's largest pension investment managers with $112.0 billion of net assets under management as of March 31, 2015. Its highly skilled and dedicated team of professionals manages a diversified global portfolio, including public equities, private equity, bonds and other fixed‐Income securities, real estate, infrastructure and natural resources. PSP Investments is a Crown Corporation established to manage employer and employee net contributions since April 1, 2000, to the pension funds of the federal Public Service, the Canadian Forces and the Royal Canadian Mounted Police, and since March 1, 2007, the Reserve Force.
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