Caisse exec departs in wake of Celsius investment debacle

Alexandre Synnett, executive vice-president of the pension fund’s private equity division, “left our organization on his own volition about two weeks ago,” said CEO Charles Emond during Caisse de dépôt et placement’s 2022 earnings call. The Caisse wrote off its US$150-million investment in Celsius, the New Jersey-based crypto lender that filed for bankruptcy protection last July. Also two weeks ago, the Caisse filed suit against Celsius accusing the company of “false and misleading” claims about its financial standing, Emond said. The CEO reiterated what he told The Logic in August: the pension fund will no longer invest in cryptocurrencies. (The Logic)

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