Canada Stakes a Claim to Infrastructure Investment

February 15, 2017 by Loch Adamson

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This week, Canadian Prime Minister Justin Trudeau names pension fund impresario Jim Leech as an adviser to the nascent Canada Infrastructure Bank; Saudi Arabia's Public Investment Fund appoints a Swiss banker to oversee its stocks-and-bonds portfolio, and Daimler looks to add the managing director of Kuwait's sovereign wealth fund, the Kuwait Investment Authority, to its supervisory board. Canada’s Prime Minster Offers Key Infrastructure Post to Jim Leech Although US President Donald Trump has made bold – yet largely vacuous – statements about rebuilding America’s infrastructure, Canadian Prime Minister Justin Trudeau has actually taken definitive steps to create a government-backed organization in Canada to do just that. Last Friday, the Trudeau office announced that the Prime Minister had appointed veteran pension executive Jim Leech, renowned former CEO of Ontario Teachers' Pension Fund (OTPP), as a special adviser for the country’s new infrastructure bank. In a statement announcing the appointment, Trudeau referred to Leech's "immense knowledge and experience,"…

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