The shakeup of the Canada Pension Plan Investment Board’s (CPPIB) senior staff continues.
Adam Vigna, managing director and head of principal credit investments at CPPIB, has resigned from the C$287.3 billion (US$217.4 billion) pension manager.
Vigna announced Thursday that he is leaving to join activist equity manager Sagard Capital as CIO and managing partner.
His last day at CPPIB is Friday.
“I’ve been very fortunate to have been given the opportunity to help start CPPIB’s credit business in 2009 and lead the global business for the past four years,” Vigna said in an email to CIO. “It has been incredibly to watch the credit business grow from nothing more than ‘an idea’ on a blank piece of paper in 2009 to a global business that has deployed over $30 billion since inception.”
Vigna will be replaced by John Graham, managing director and head of portfolio investment and business management in private investments, a spokesperson for CPPIB confirmed. Graham had previously served as a senior member on the principal credit investments team, where he developed and executed an investment platform focused on royalties and intellectual property.
Vigna’s departure follows the exit of Head of Private Investments Mark Jenkins earlier this fall. He left in September to lead global credit investments at Carlyle.
The departures come amid a reshuffling of CPPIB leadership following Mark Machin’s transition to CEO in June. At least six staffers have been promoted since this summer, including real estate head Graeme Eadie, who now leads a newly created real assets division.
Related: CPPIB Reshuffles Leadership Amid Senior Departure & CPPIB Builds Senior Staff Under New CEO