CPPIB is said to see several departures across senior ranks
Canada Pension Plan Investment Board has seen several departures from its senior ranks over the past few weeks, according to people familiar with the matter.
The affected asset classes included investment risk, credit, real assets and sustainable energies, according to the people, who asked not to be identified due to the sensitivity of the matter, as well as Bloomberg News analysis and LinkedIn posts.
The “circumstances are a mix of voluntary and involuntary departures, all in line with business-as-usual retention rates and usual efficiency decisions due to evolving markets and strategies,” Michel Leduc, the pension manager’s head of public affairs, said in a statement.
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The Toronto-based firm, which manages $863.6 billion in net assets, had 2,084 employees at the end of its last fiscal year, down from 2,125 from a year earlier.
“We continued to focus on operating discipline,” chief executive John Graham said in the annual report. He added that the pension plan managed around C$220 billion more in assets with fewer employees than at the of fiscal 2023.
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