Who is new Canada Infrastructure Bank President & CEO Pierre Lavallée?
Canada Infrastructure Bank has announced that Pierre Lavallée will take over as President & CEO on 18 June.
Lavallée is moving on from a six-year stint at follows six years at Canada Pension Plan Investment Board, where he held various roles including Senior Managing Director & Global Head of Investment Partnerships, where he led a team managing approximately $94bn of assets.
Prior to this, Lavallée served as Executive Vice-President at Montreal-based Reitmans (Canada) Limited and a Partner with Bain & Co., where he worked for more than 18 years, including several years as Managing Partner for Canada. Lavallée also has experience working in Ottawa and Japan.
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He commented: “I am excited to build a team and start working with the board, private and institutional investors and public-sector proponents on innovative transactions to develop new infrastructure projects for Canadians.”
The appointment is the latest in a series of managerial changes at Canada Infrastructure Bank.
It has also appointed Annie Ropar to the position of Chief Financial Officer and Chief Administrative Officer, a move which will take effect from 1 June.
The major function of Canada Infrastructure Bank is to use federal support to attract private sector and institutional investment to new revenue-generating infrastructure projects that are in the public interest.