In response to growth, CPP Investments appoints its first chief investment officer

The Canada Pension Plan Investment Board (CPP Investments) has announced several senior executive changes, two of which are effective today.

The board appointed its first dedicated chief investment officer, Edwin Cass, CPP Investments said in a release on Wednesday. The role was created “to effectively address the anticipated size and scale of CPP Investments by 2025 and beyond,” the release said.

Cass will work closely with CEO Mark Machin as well as the chief financial and risk officer, and investment department leaders.

Cass, who joined CPP Investments in 2008 and most recently served as global head of real assets, has more than 25 years of investment experience. In his new role as CIO, he’ll oversee the organization’s portfolio and balance sheet.

Deborah Orida, who most recently served as senior managing director and global head of active equities, has been named senior managing director and global head of real assets. She joined CPP Investments in 2009 and has more than 25 years of investment experience.

She’ll be responsible for portfolio value creation related to assets like energy and resources, infrastructure, power and renewables, and real estate.

Orida’s replacement will be announced based on an internal selection process, the release said.

Machin said in the release that CPP Investments’ fund “is on a trajectory to grow to $1 trillion by 2033,” spurring the decision to create the new role and adjust the senior team.

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