The Caisse de dépôt et placement du Québec (La Caisse) and CDPQ Infra has appointed Daniel Farina president and chief executive officer, effective Jan. 1, 2026.
Farina joined CDPQ Infra in 2019 as its vice-president of operations, rising up the ranks steadily. Prior to his promotion, Farina served as the infrastructure organization’s general manager since 2023. Before joining the organization, he worked in director roles at Spanish multinational construction and engineering company OHLA.
“Since joining the organization, Daniel has proven outstanding leadership, remarkable experience and expertise in managing major projects, and a strong understanding of infrastructure both in Quebec and internationally,” said Emanuel Jaclot, chair of the board of CDPQ Infra, in the release. “Since 2023, he has played a decisive role as general manager, particularly in attracting leading international industry players to Quebec. We are pleased to have him lead the organization into a new chapter with the TramCité and Alto high-speed rail projects.”
Check out our 9th Annual Real Estate Canada event
Farina’s appointment comes as Jean-Marc Arbaud, the infrastructure organization’s current president and CEO, prepares to retire in the new year.
Arbaud joined the organization in 2015, serving first as managing director, then deputy managing director before moving into his current role. During his tenure, he oversaw several large-scale infrastructure projects, including the REM, a light-rail system that runs across the Greater Montreal Area.
“I extend my heartfelt thanks to Jean-Marc for his remarkable legacy at La Caisse and for agreeing to remain with us until the end of the year and beyond as a member of our subsidiary’s Board of Directors,” said Charles Emond, La Caisse’s president and CEO, in the release. At the same time, I congratulate Daniel Farina on his appointment as president and CEO of CDPQ Infra and thank him for his commitment to the organization’s growth and success in the years to come.”
On Tuesday, Caisse announced its mid-year results, noting it generated a 4.6% return as of June 30, 2026, outperforming its portfolio benchmark index (4.3%). Its infrastructure portfolio returned (4.5%) over the six-month period, against a benchmark index of 8.1%. Over five years, the portfolio returned 11.2% versus a benchmark index at 9%.
