Money: Michael Sabia leaving Caisse to head University of Toronto's Munk School - - PressFrom - Canada
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Money Michael Sabia leaving Caisse to head University of Toronto's Munk School

23:15  12 november  2019
23:15  12 november  2019 Source:   msn.com

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Deeply integrated into the University of Toronto , the Munk School of Global Affairs brings together the best minds to advance the latest thinking on global Meet Chan-min Roh, Munk One student and 2019 Loran Scholar. The Future of Centre- Left Politics in Western Democracies. All you need to know

The Munk School of Global Affairs and Public Policy at the University of Toronto is an interdisciplinary academic centre with various research and educational programs committed to the field of globalization.

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MONTREAL — The chief executive of the Caisse de depot et placement du Quebec is stepping down from the pension fund manager to become head of the Munk School of Global Affairs and Public Policy at the University of Toronto.

The Quebec fund manager says Michael Sabia is leaving at the beginning of February, a little more than a year earlier than expected.

"I know that I am leaving the Caisse and its people in a strong position to seize the many opportunities that lie ahead for them as I move on to my next challenge," Sabia said in a statement on Tuesday.

He has served as president and chief executive at the Caisse since March 2009.

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Federated with the University of Toronto , St. Michael ’s is a welcoming, close-knit and vibrant educational community in the heart of Toronto ’ s cultural, recreational, and retail centre.

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Sabia, who was not available for interviews, also noted that leading the unique Quebec institution has been "the greatest privilege" of his career.

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Before joining the investment fund, he was chief executive of BCE Inc.

Caisse chairman Robert Tessier says it has retained the services of an international firm to search for Sabia's replacement and planned to complete the process at the beginning of 2020, with the appointment of a successor approved by the government.

Sabia was appointed to head the Caisse after it was shaken by the financial crisis, which resulted in $40 billion of losses the previous year.

Caisse CEO Michael Sabia is stepping down

  Caisse CEO Michael Sabia is stepping down Michael Sabia is stepping down from the Caisse de dépôt et placement du Québec.The announcement, made on Tuesday, said he would leave the Caisse as of February 2020 — one year ahead of schedule. He is leaving to lead the Munk School of Global Affairs and Public Policy at the University of Toronto.

Established in 1981, the University of Toronto ’ s Centre for South Asian Studies (CSAS) fosters academic research, teaching and public discussion on South Asia in an effort to address global questions. The Asian Institute at the Munk School of Global Affairs, University of Toronto , is

The University of Toronto is a globally top-ranked public research university in Toronto , Ontario, Canada. The University of Toronto is home to some of the world’ s top faculty, students, alumni and staff. U of T Celebrates recognizes their award-winning accomplishments.

Under his guidance, the Caisse says it has produced "solid and sustainable returns" of 9.9 per cent over 10 years, while the size of its net assets has almost tripled to $326.7 billion at June 30.

This report by The Canadian Press was first published Nov. 12, 2019.

The Canadian Press

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