For immediate release
June 23, 2010
Ottawa – The Honourable Stockwell Day, President of the Treasury Board and Minister for the Asia-Pacific Gateway, is pleased to announce the appointment of Diane Bean to the Public Sector Pension Investment Board.
The Public Sector Pension Investment Board (which operates under the name of PSP Investments) is a Crown corporation established to invest proceeds derived from the net contributions to the pension plans of the Public Service, the Canadian Forces, the Reserve Force and the Royal Canadian Mounted Police.
Assets are invested in fixed income instruments, Canadian and foreign equities, real estate, private equities and other permissible investments through in-house and external managers.
PSP Investments operates at arm's length from the federal government. It is not part of the federal public administration and its business and affairs are managed by a Board of Directors.
The management of the business of PSP Investments rests solely with its Board of Directors. In particular, the Board of Directors appoints the President and Chief Executive Officer, determines the investment policy for the assets managed by PSP Investments, and sets the compensation policy for its staff.
Ms. Bean's biographical notes are attached.
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For more information, please contact:
Director of Communications
Office of the President of the Treasury Board
Treasury Board of Canada Secretariat
If there is a discrepancy between any printed version and the electronic version of this document, the electronic version will prevail.
TTY (Telecommunications device for the hearing impaired) - (613) 957-9090
1969 Bachelors of Communications
University of Toronto
|2004||Executive Vice-President, Corporate Affairs and Human Resources|
|2002 to 2004||Senior Vice-President, Corporate Human Resources and Communications|
|1997 to 2002||Consultant/Subsidiary Board Member|
|1985 to 1997||Senior Vice-President and General Manager|
|1992 to 1997||International Operations, Hong Kong, China, South Korea, Indonesia, Singapore, Taiwan, Philippines, United Kingdom, Germany, Luxembourg, Zimbabwe, Caribbean|
|1988 to 1992||U.S. and Caribbean Division|
|1985 to 1988||U.S. Life Insurance Division|
|1983 to 1985||Vice-President, Marketing – Canada|
Currently a member of Manulife's Executive Committee and Management Committee. Represents/represented Manulife on the Board of its US, Asian and Japanese subsidiaries and joint ventures. Chaired Manulife International Ltd. (1997 to 2002).