March 5, 2009

Caisse et Bourse de Montréal

Extrait du site du Globe and Mail:

The leadership contest at the beleaguered Caisse de depot et placement du Quebec just got a whole mot more interesting, as the widely respected Luc Bertrand stepped down Thursday as head of the Montreal Exchange.

After nine years at the helm of the successful derivatives exchange, Mr. Bertrand will leave the deputy CEO job at TMX Group in June. He was a candidate for the top job whe the Montreal and Toronto exchanges merged last year, but the board brought in an outsider, Thomas Kloet.

“I now feel that it is a good time for me to move on to other challenges and opportunities,” said Mr. Bertrand in a press release. As a proven manager with international experience, Mr. Bertrand is often mentioned as a candidate for the top job at the Caisse, which is in disarray after losing $40-billion in 2008, and seeing it CEO Richard Guay retire. Mr. Bertrand has declined to comment on whether he would want the job - current Caisse CEO Fernand Perreault is not in the running - and he would certainly have his pick of positions at financial institutions.

But for an executive with an interest in public policy – Mr. Bertrand's undergraduate degree from the University of Ottawa is in political science – the challenge of turning around the Caisse would be enticing.

Other candidates for the top job at the Caisse include Jean-Guy Desjardins, CEO and co-founder of Fiera Capital and TAL Global Investment Management, and Christiane Bergevin, the head of SNC-Lavalin's finance division and a Caisse director. Mr. Desjardins is in his mid-60s.

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