By Staff

The Public Sector Pension Investment Board is appointing Caroline Vermette as senior vice-president and chief financial officer. 

Vermette joins the pension fund after serving as the National Bank of Canada’s senior vice-president of internal audit, providing independent assurance to its board and senior management on the effectiveness of the Bank’s risk management, governance, and internal controls. She brings over 20 years of experience in financial leadership roles, demonstrating a proven track record of strategic financial planning, risk management, and driving efficiency through technology and innovation.

“The appointment of Caroline Vermette as CFO marks an exciting new chapter for PSP Investments,” said Deborah K. Orida, PSP Investments’ president and chief executive officer, in a press release. “Her wealth of experience in financial reporting, internal audit, and risk management, combined with her deep understanding of complex financial transactions and international accounting standards, will be instrumental in ensuring the continued financial strength and strategic direction of PSP Investments. Caroline will strengthen PSP Investments’ ability to navigate an increasingly complex global investment landscape and deliver on our mandate for our beneficiaries.”

---

Additionally, the fund is appointing Alexandre Roy as senior vice-president and chief risk officer. Roy’s tenure with the investment organization began in 2007, during which time he’s helped strengthen the organization’s risk management function and portfolio construction process and developed and implemented its Total Fund approach. Most recently, he assumed interim responsibilities of the chief investment office.