Wiseman promoted to lead CPPIB’s investments

The Canadian Pension Plan Investment Board has promoted its private investments chief Mark Wiseman to lead all private equity, real estate, and public transactions.

The newly created role, which becomes effective from 1 April, is an attempt by the C$123.8 billion (€83.2 billion; $120.1 billion) pension plan to grow the organisation, a spokeswoman said.

Mark Wiseman

Each of CPPIB’s three investment departments – public market investments, private investments, and real estate investments – will report to Wiseman, who joined the pension in 2005 from the Ontario Teachers' Pension Plan’s private equity arm. Wiseman will report directly to CPPIB president and chief executive officer David Denison.

As part of the reshuffle, CPPIB promoted André Bourbonnais as senior vice president in charge of private investments, effective from 1 April. He was previously vice president and head of principal investing at the pension.

Don Raymond, who currently leads CPPIB’s portfolio design and investment research team, was also promoted to senior vice president and chief investment strategist with responsibility for overall fund-level investment policies. He will report to Denison.

CPPIB invests in private equity funds but also has an active direct investing programme. It recently teamed with TPG on the $5.2 billion buyout of IMS heath, a deal among nominees for North American transaction of the year in the PEI Awards 2009.

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