Pierre Lavallée has been named as the incoming president and chief executive officer (CEO) of the Canada Infrastructure Bank, effective June 18, 2018.
As CEO, Lavallée will lead Canada Infrastructure Bank’s strategy and day-to-day operations, and report to the board.
Over the last six years, he has held various roles at Canada Pension Plan Investment Board (CPPIB), most recently senior managing director & global head of investment partnerships, where he led a team managing approximately $94 billion of assets. Prior to joining CPPIB, Mr. Lavallée was 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. In addition, he has previous international trade experience in Ottawa and Japan.
“With an exceptional combination of investment and public-sector expertise, Pierre is well placed to set the strategic course and direction of Canada Infrastructure Bank and develop a high-performing management team,” said Janice Fukakusa, chair of the Canada Infrastructure Bank.
“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,” Lavallée said.
As announced earlier, Canada Infrastructure Bank appointed Annie Ropar to the position of chief financial officer and chief administrative officer, effective June 1, 2018.
With the appointment of these key leaders, Canada Infrastructure Bank is building the expert team, systems and processes needed to make investments, advise governments across Canada on revenue-generating infrastructure projects, and collect and share infrastructure data to enable more effective decision-making.
Bruno Guilmette, who has been serving as interim chief investment officer, will return to the board on June 1, 2018 and will continue working with the incoming chief executive officer during the leadership transition. Guilmette was appointed to the board of directors in November 2017 and stepped down temporarily while serving as interim CIO.
“I wish to sincerely thank Bruno for his leadership in building up the investment and advisory capabilities of Canada Infrastructure Bank,” Fukakusa said. “He has set a solid foundation for further advancing the bank’s internal capacity for its investing, advisory and data roles.”
