Canada Pension Plan Promotes Manroop Jhooty to Head of Total Fund Management

The investment board of the C$575 billion ($426.2 billion) Canada Pension Plan has promoted Manroop Jhooty to senior managing director and head of total fund management. Jhooty was most recently managing director and head of exposure for leverage and liquidity management.

Jhooty now oversees the total fund management department, where he will lead the balancing and financing portfolio, which is invested in global public securities, and be responsible for balance sheet management, tactical positioning, trading and portfolio design.

“Manroop brings strong leadership skills and a deep understanding of the design of our investment portfolios, which position him well to add significant value as part of our senior management team,” CPPIB President and CEO John Graham said in a release. “He will work closely with our chief investment officer to ensure that the Fund’s investing activities continue to collectively produce a total portfolio that will deliver maximized long-term returns without undue risk.”

The CPPIB’s total fund management department is responsible for implementing an investment framework that includes tactical and strategic portfolio construction, including managing trade-offs between exposures, leverage and liquidity. The group designs the pension fund’s investment portfolios, directs the investment activity of active programs and uses the balancing programs to manage its exposure, leverage and liquidity.

The unit also works with investment departments to allocate to investment strategies and manages the total fund investment cycle, including the processes, systems and data needed to structure the portfolios. The group also manages the total fund’s financing, collateral and trading needs—excluding credit.

As head of exposure, leverage and liquidity management, Jhooty oversaw the portfolio balancing process and balance-sheet management functions for the pension fund’s exposures, leverage and liquidity. Prior to that, he was managing director and head of balancing and collateral.

Before joining CPPIB in 2019, Jhooty was with Bank of America Merrill Lynch for more than 11 years, where he held various roles related to fixed-income and credit trading. He holds a bachelor of commerce degree from McMaster University and a master of science degree from the London School of Economics.