La Caisse adds infrastructure exec

The C$20.2bn system has hired former McKinsey partner Andreas Beroutsos.

La Caisse de dépôt et placement du Québec has appointed Andreas Beroutsos as executive vice president of private equity and infrastructure, according to a statement.

Beroutsos will oversee all private equity and infrastructure investments conducted outside Québec. He began his new role on Monday and is based in Montréal.

Previously, Beroutsos was a managing director at One Point Capital and managing partner at Navigos Capital, two New York-based private equity firms he founded. He has also worked as a partner and senior managing director at Eton Park Capital Management, where he focused on private and illiquid investing. He also spent 20 years at McKinsey & Company, where he established and managed the global private equity practice and was a director and senior partner.

La Caisse has also hired an executive vice president of Québec to focus on private equity investments in the region. Until a permanent executive is selected in between two and three months, La Caisse senior vice president of private equity Luc Houle will serve as interim executive vice president.

“This new structure allows us to mobilise our teams based on two well-defined mandates and, more generally, to continue to enhance La Caisse's standard of performance and depth of expertise,” said Michael Sabia, president and chief executive officer of La Caisse.

The hires follow Normand Provost’s retirement announcement in August 2013. Provost has been the executive vice president of private equity since 2003 and has been with La Caisse since 1980, according to La Caisse’s website. Both Houle and Beroutsos will serve on La Caisse’s executive committee.