Canadian LP Caisse poaches IFC COO to lead emerging markets investments


Rashad Kaldany CaisseCanadian institutional investor the Caisse de dépôt et placement du Québec has hired IFC COO Rashad Kaldany as executive vice president for emerging markets.

Kaldany, who was with IFC for almost 20 years, most recently oversaw all of its investment and advisory activities, managing teams in Asia, North Africa, the Middle East and Eastern Europe.

Last year the arm invested $25bn in emerging markets in the private sector in sectors including infrastructure, energy, mining and chemicals.

Caisse president and CEO Michael Sabia said, “Mr. Kaldany will ensure the Caisse is strategically positioned in the emerging markets to capitalize on their growing importance in the world.

“With his outstanding track record and extensive knowledge of emerging markets, we will greatly enhance our ability to act on the best business opportunities in these countries, making the Caisse an even stronger institution.”

Kaldany said, “I’m very pleased to continue my career with a world-class organization like the Caisse de dépôt et placement du Québec.

“As Executive Vice-President, Emerging Markets, I will make my geographic and industry expertise available to my colleagues to ensure the best investment decisions are made in emerging markets.”

Earlier this month the Caisse revealed that Normand Provost, executive vice president for private equity at the LP, was to retire after 33 years.

It said Provost would continue in his current role until a successor is appointed in 2014, and will then remain with the Caisse as a strategic adviser to the president.

Copyright © 2013 AltAssets