Structure and Board of Directors
Management Committee

Headed by our President and CEO, our Management Committee is composed of seasoned managers. Discover their profiles.

GUY LEBLANC, President and Chief Executive Officer


President and Chief Executive Officer
Investissement Québec

An effective leader and strong communicator, Guy LeBlanc has a solid grasp of the Québec business environment. His career path bears witness to his commitment to growing businesses, and his know-how and experience in the field position him admirably to carry out Investissement Québec’s important mandate.




Guy LeBlanc was appointed President and CEO of Investissement Québec in April 2019.


A seasoned executive, he worked for PricewaterhouseCoopers (PwC) for over 35 years. As Managing Partner of the Transaction group in Canada from 2002 to 2006 and Managing Partner of the Montréal Office from 2006 to 2015, he oversaw a team of over 800 professionals and was responsible for adapting the firm’s strategy for the Québec market. An expert in finance, Guy LeBlanc specializes in business transactions (sales and purchases) and business financing.


He has a degree from HEC Montréal, an honorary degree from Université de Montréal and the ICD.D designation from the Institute of Corporate Directors; he is also a Fellow of the Ordre des comptables professionnels agréés du Québec (FCPA).


Reputed for his leadership abilities, Guy LeBlanc has served on numerous boards of directors, including those of Canam Group, Goodfood Market Inc., The Lion Electric Co., Groupe Meloche, ATIS Group and Montréal International.

BICHA NGO, Senior Executive Vice-President, Private Equity


Senior Executive Vice-President, Private Equity

As a seasoned finance professional, Bicha Ngo is recognized for her strategic mind and wealth of transactional experience. A major asset for the Corporation, her role is to identify and support industries and key players in our economy.



Bicha Ngo was named Senior Executive Vice-President, Private Equity in October 2019.


Armed with more than 25 years of experience in the transactional arena, Bicha Ngo began her career at HSBC. For nine years she held the post of Vice-President, Corporate Development at Domtar Inc., where she managed transactions and oversaw the integration of acquired assets in addition to ensuring development of the company’s corporate strategy. She also spearheaded a number of asset sales and acquisitions that contributed to the organization’s transformation. Before joining Domtar, she was a member of the investment bank teams at CIBC World Markets and Merril Lynch.


Bicha Ngo is a CFA and received her finance degree from HEC Montréal.

Senior Vice-President, Finance, Credit Risk Management and Business Technology

Laurent Naud


Senior Vice-President, Finance, Credit Risk Management and Business Technology

As a financial expert with a long track record in banking, technology and telecommunications, Laurent Naud manages several of the Corporation’s strategic functions with rigour, vision and leadership.



Laurent Naud joined Investissement Québec in 2018 as Senior Director, Planning and Analysis. He subsequently held the positions of Senior Director, Performance, Financial Analysis and Real Estate Management and Vice-President, Finance, before being appointed Senior Vice-President, Finance, Credit Risk Management and Business Technology in August 2023. he is known for his ability to bring major initiatives to fruition by focusing on action and results.


Mr. Naud has over 20 years’ experience in the finance industry. He developed his expertise at major corporations such as Laurentian Bank, where from 2012 to 2018 he held the positions of Senior Manager Finance - Systems and Special Projects, and Assistant Vice President, - Finance and Corporate Treasury. Previously, he worked at ModelCom, a financial modelling consulting firm, where he helped numerous companies evaluate their business plans, secure financing and optimize their financial processes.


Laurent Naud has a bachelor’s degree in business administration and a master’s degree in finance. He also holds a Chartered Financial Analyst (CFA) designation.


HUBERT BOLDUC, President, Investissement Québec International


President, Investissement Québec International

His extensive knowledge of government operations and the business community, together with his solid experience in drawing foreign investment, make Hubert Bolduc a steadfast ally.



In 2019 Hubert Bolduc was appointed President of Investissement Québec International, the Québec government’s foreign investment prospecting and export assistance agency.


Mr. Bolduc was previously a senior Québec civil servant and President and CEO of Montréal International.

He also held the posts of Vice-President, Communications and Public Affairs, at Cascades from 2004 to 2012 and Advisor to the Québec Premier from 2001 to 2003.

Mr. Bolduc holds a bachelor’s degree in political science from Université du Québec à Montréal, a master’s degree in communication from the University of Stirling in Scotland, and an MBA from HEC Montréal. He is a member of the boards of directors of the Palais des congrès de Montréal, Beneva, Scale AI and Montréal International.

MARIE ZAKAÏB, Senior Vice-President, Human Resources and Internal Communications

Marie Zakaïb

Senior Vice-President, Human Resources and Internal Communications

Recognized for her ability to build and manage results-oriented teams, Marie Zakaïb is highly skilled at developing and implementing human resource strategies in changing environments.



Marie Zakaïb was Vice-President; Talent, Culture and Corporate Communications prior to becoming Senior Vice-President, Human Resources and Internal Communications in August 2019. Before joining Investissement Québec, she worked for 30 years at TD Bank Group, where she served as Vice-President of Corporate Human Resources and Employee Relations for the Group’s business divisions from 2014 to 2017.


Armed with a bachelor’s degree in business administration, with a specialization in finance, from Université du Québec à Montréal, Marie began her career in 1987 as a Commercial Accounts Manager with TD Canada Trust, before developing a strong interest in human resources and industrial relations.


Starting as an Advisor, she was appointed Human Resources Director, a post she held until 2004. Marie quickly rose to become Senior Director of Human Resources at TD Insurance and later Vice-President of Human Resources, Corporate Functions and Labour Relations from 2006 to 2014. Her responsibilities in that role included change management and transformation projects.

SYLVAIN GENDRON, Senior Vice-President, Legal Affairs, and Corporate Secretary


Senior Vice-President, Legal Affairs, and Corporate Secretary

Known for his leadership skills and results-oriented approach, Sylvain Gendron has solid experience in corporate governance as well as business and transactional law, particularly in the finance industry.



Sylvain Gendron was named Senior Vice-President, Legal Affairs, and Corporate Secretary in April 2021.


With over 20 years of experience, including several at the executive level, Sylvain Gendron worked at the Business Development Bank of Canada (BDC) for some 15 years. His has also held positions in the private sector at McCarthy Tétrault and Ogilvy Renault.


Mr. Gendron holds degrees in law and business administration (finance) from Université Laval and is a member of the Barreau du Québec (Québec Bar).


Why choose Québec?