January 5, 2010
TORONTO, ON (January 5, 2010): David Denison, President and CEO of the CPP Investment Board (CPPIB) today announced the following appointments all of which will be effective on April 1, 2010, the start of the next fiscal year:
Mark Wiseman – Executive Vice-President, Investments:
Each of CPPIB’s three investment departments – Public Market Investments, Private Investments, and Real Estate Investments – will report to Mark in this new position, which will report to David Denison. Mark has led the Private Investments department since joining CPPIB in 2005.
Don Raymond – Senior Vice-President and Chief Investment Strategist:
In addition to heading CPPIB’s Portfolio Design and Investment Research department, Don will have responsibility for overall CPP Fund level investment strategy and will report to David Denison. Don joined CPPIB in 2001 and until his new role is effective, has led CPPIB’s Public Market Investments department.
André Bourbonnais – Senior Vice-President, Private Investments:
André will assume responsibility for CPPIB’s Private Investments department and will also join the Senior Management Team. André has been an integral part of the Private Investments department since he joined CPPIB as Vice-President and Head of Principal Investing in 2006.
Jim Fasano – Vice-President and Head of Principal Investing:
Jim will assume leadership of our Principal Investing team within CPPIB’s Private Investments department. He has been with CPPIB since 2004 and was one of the original members of the Principal Investing team when it was formed in 2006.
As previously announced, John Ilkiw, who is currently Senior Vice-President, Portfolio Design and Investment Research will be retiring effective March 31, 2010.
“I believe these changes reflect our ongoing evolution as an organization and also are a confirmation of the depth of talent, experience and expertise we have within CPPIB,” said David Denison, President and CEO, CPP Investment Board.
CPP Investment Board The CPP Investment Board is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, the CPP Investment Board invests in public equities, private equities, real estate, inflation-linked bonds, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in London and Hong Kong, the CPP Investment Board is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At September 30, 2009, the CPP Fund totalled $123.8 billion. For more information about the CPP Investment Board, please visit www.cppib.ca.
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