CPPIB's Pierre Lavallée to lead Canada Infrastructure Bank

Canada Infrastructure Bank has appointed Pierre Lavallée to be its president and CEO effective as of June 18. In the role, Lavallée will oversee the strategy and day-to-day operations of the bank, set up in 2016 by the federal government to provide access to $35 billion and tap private financing for Canadian infrastructure projects. He joins the bank from Canada Pension Plan Investment Board (CPPIB), where he most recently served as senior managing director and global head of investment partnerships. Lavallée left CPPIB earlier this month, resulting in the pension fund's appointment of Shane Feeney to an expanded role as head of global private investments.

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