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Exclusive: Canadian Pension Snares Intuit Deal-Maker

October 17, 2016, 7:01 PM UTC
The Caisse de depot et placement du Quebec building is seen in Montreal
The Caisse de depot et placement du Quebec (CDP) building is seen in Montreal, February 26, 2014. REUTERS/Christinne Muschi (CANADA - Tags: BUSINESS) - RTR3FQYB
Christinne Muschi — Reuters

Nicholas Westphal is stepping down as director of corporate strategy and development at Intuit, in order to help lead North American tech investments for a Canadian public pension system, Fortune has learned.

Westphal soon is expected to join Caisse de Depot et placement du Quebec, a 51 year-old organization with around C$255 billion in assets under management.

He had been with Intuit (INTU) for just around one year, after a four-year run as director of strategy and development with Juniper Networks (JNPR). Before that, Westphal spent time as a vice president with private equity firms AEA Investors and Bain Capital.

Neither CDPQ nor Intuit returned requests for comment. CDPQ is said to have retained Jamesbeck Global Partners for the search.