The Canada Pension Plan Investment Board (CPPIB) on Monday announced a shakeup in its executive team as three staffers were promoted in the wake of the CPPIB private investments head’s departure.
Senior Managing Director Mark Jenkins will leave the C$287.3 billion (US$219.7 billion) pension fund on September 16 to assume a “senior leadership role” at the Carlyle Group, CPPIB said.
He will be replaced by CPPIB’s current direct private equity head Shane Feeney. Feeney’s role, meanwhile, will be taken over by Ryan Selwood, a managing director within the direct private equity group.
CPPIB also announced the creation of a real assets department, bringing together its real estate, infrastructure, and agriculture investment groups to create “better alignment with [the] strategic portfolio.”
Graeme Eadie, previously CPPIB’s global head of real estate investments, will lead the new division.
Eadie, Feeney, and Selwood will transition to their new roles effective immediately.
“These appointments demonstrate the deep bench strength and investment expertise we have developed at CPPIB,” said Mark Machin, CPPIB president and CEO. “Graeme, Shane, and Ryan have been instrumental in a number of our major transactions and will no doubt continue to provide superb leadership in their new roles.”
The leadership changes follow a trio of promotions in June, when CPPIB named new senior managers within its international investments team.