The Caisse de Depot et Placement du Quebec, one of the largest pension fund in Quebec, will set up offices in Washington, Mexico City and Singapore, as part of its plan to bolster its investment landscape.
Addressing a conference in Montreal, Caisse de Depot et Placement du Quebec CEO Michael Sabia said that the Caisse de dépôt et placement du Québec would create offices in several cities across North America and Asia Pacific.
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"It is our responsibility to go out and seek returns where they are and serve as a bridge to the world for Quebec’s economy," Sabia added.
"This will be one of the cornerstones of everything we do over the next five years."
The C$200billion fund, which currently has foreign outlets in New York and Beijing, plans to open a satellite office in Washington, and regional centers in Mexico and Singapore. In addition the company also has plans to establish branches in Mumbai and Sydney.
The firm will hire approximately 60 people across these new offices.
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By GlobalData"Frankly, we have some catching up to do," Sabia told reporters.
"When I look at my friends at Canada Pension Plan Investment Board in Toronto, they have offices pretty widely distributed all over the world, with many people in them," Sabia concluded.
