Sylvain Gareau recently announced his well-deserved retirement, and Frédéric Godbout was appointed to succeed him as Vice-President
August 28, 2023
A new chapter for Sylvain Gareau
On June 15, 2023, Alain Leprohon, Desjardins Group Executive Vice President Finance and Chief Financial Officer, announced that Sylvain Gareau, Desjardins Group Pension Plan (DGPP) Vice-President, has decided to take a well-deserved retirement.
After nearly 15 years as Vice-President of the DGPP, Sylvain Gareau will officially step down at the end of this year.
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Sylvain Gareau
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“I'd like to take a moment to acknowledge Sylvain's extraordinary contributions. When he arrived in 2008, the DGPP was struggling with the fallout from the financial crisis. Sylvain succeeded in turning things around and made phenomenal progress, erasing the pension plan's deficit and delivering top-notch results and a solvency ratio that compares very favourably to the rest of the industry.
Sylvain has always kept pace with best practices, both as a financial strategist and a manager, and has successfully ushered the plan into the modern era. Under his leadership, the team has grown and evolved by virtue of his belief in developing and leveraging skills and fostering the next generation. Sylvain is leaving us with a pension plan that is well positioned to withstand current and future volatility. The strategies he's implemented, combined with innovative yet prudent management, have bolstered the plan's financial stability,” said Alain Leprohon.
Frédéric Godbout appointed Vice-President, DGPP
On August 23, 2023, Frédéric Godbout was appointed Vice-President of the DGPP to succeed Sylvain Gareau.
Until now, Frédéric was the director Investment in the DGPP Division. He will retain these responsibilities.
Prior to that, he worked in significant investment positions at Caisse de dépôt et placement du Québec for nearly 20 years, including the role of Senior Vice-President. |
Frédéric Godbout
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“Frédéric is known for his strategic focus and his talent development skills. With his experience and extensive knowledge of the investment community, we have every confidence in him as a leader who can motivate his team and continue to take the Desjardins Group Pension Plan to new heights,” said Alain Leprohon, Desjardins Group Executive Vice President Finance and Chief Financial Officer.
About the Desjardins Group Pension Plan (“DGPP”)
The DGPP is Desjardins Group's employee pension plan. It is a defined-benefit plan with over 84,000 beneficiaries. At the end of 2022, DGPP assets totalled $15.2 billion, making it one of the largest private pension plans in Canada.