Treasury Board of Canada Secretariat
Symbol of the Government of Canada

Appointment to the Public Sector Pension Investment Board

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:

Mélisa Leclerc
Director of Communications
Office of the President of the Treasury Board
613-957-2666

Media Relations
Treasury Board of Canada Secretariat
613-957-2640

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


Biographical notes

Diane Bean

Education

1969 Bachelors of Communications
University of Toronto

Directorships

Boards/Directorships/Advisory Committees

Current:

  • Toronto Regional Immigration Employment Council, Co-Chair
  • Canada School of Public Service
  • Corporation of Massey Hall/Roy Thomson Hall
  • Toronto Financial Services Alliance (TFSA) Strategic Advisory Board
  • Human Resources Advisory Board of the Canadian Life and Health
  • Industry Association
  • ICWI Group Ltd. (private general insurance)
  • The American Chamber of Commerce's Women in International Trade

Past:

  • The United Way Cabinet (Toronto), 2007
  • Ryerson University Board
  • Bowmanville Hospital Fund Raising
  • Canadian Special Olympics Foundation
  • The Ontario Special Olympics
  • Canadian Stage Company
  • Life of Jamaica Ltd., Global Life Ltd., ASICO Ltd.
  • Branksome Hall
  • Council of Regents for the Colleges of Applied Arts and Technology (Ontario)
  • MBA Program, York University
  • Advisory Council for the Canadian Foundation for the Preservation of Chinese Cultural and Historical Treasures

Experience

Manulife Financial
2004 Executive Vice-President, Corporate Affairs and Human Resources
2002 to 2004 Senior Vice-President, Corporate Human Resources and Communications
2002 Business Development
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).