Caisse de dépôt et placement du Québec today announce the appointment of Richard Guay as chief investment officer and Susan Kudzman as executive vp, risk management and depositors’ accounts management.

As CIO, Guay will directly oversee four investment groups: equity markets; fixed income; absolute return; and investment analysis and optimization. He will also be responsible for advisory services regarding depositors’ investment policies as well as asset allocation and investment research.

Kudzman will directly oversee the following units: depositors’ accounts management; market risk management; and performance measurement and analysis. She will also act as chairwoman of the depositor risk committee (DRC) and the DRC transactions committee and will be a member of the executive committee.

“This organizational change is part of the Caisse’s objective of adopting the best industry practices in order to become a benchmark organization,” said Henri-Paul Rousseau, president and CEO. “With this structure, the Caisse is adopting a model used by many institutional investment managers.”