In August it was announced that the Canadian pension fund manager at the Caisse had appointed the International Finance Corporation’s (IFC, the Bank’s private sector arm) chief operating officer, Rashad Kaldany to lead its emerging markets investments. Located in Quebec City, the Caisse de dépôt manages both public and private pension and insurance plans for the Canadian province of Quebec. Prior to his time as chief operating officer, Kaldany worked as the leader of the IFC’s infrastructure department and was director of the oil, gas, mining and chemicals department. He was also involved in launching the Extractive Industries Transparency Initiative and the global gas flaring reduction partnership. Kaldany’s replacement at the IFC is still unknown.
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