The Canada Pension Plan Investment Board (CPPIB) has announced the appointment of Ed Cass to the position of SVP and chief investment strategist and a member of the senior management team. He will be promoted from his current role as VP and head of global tactical allocation asset allocation in public markets. His new post will be effective April 1.
Cass will be replacing Donald Raymond who revealed he would be stepping down from the position effective March 31.
According to a statement, In his new role Cass will be responsible for “overall fund level investment strategy and will chair the Investment Planning Committee, which approves all new investment programs and oversees all portfolio risks, including passive, active, credit and liquidity risks.”
Prior to joining CPPIB, Cass held senior positions at Fortress Investment Group’s Drawbridge Relative Value Fund, Deutsche Bank Canada and TD Securities.
Singapore’s GIC Private Limited named Dr Tony Tan Keng Yam (Tony Tan) as director and special advisor to the wealth fund, effective January 1, 2018. Tan was the former Deputy Chairman and Executive Director of GIC from September 2005 to June 2011. In 2011, He went on to serve as the 7th President of Singapore until August 31, 2017.
In a press release, Lim Chow Kiat, Chief Executive Officer of GIC, said, “As Special Advisor, Dr Tan will provide much value in broadening and strengthening GIC’s network of senior statesmen and leaders of corporations and institutions who may be constructive in advancing the business and interests of GIC. We will also benefit from his extensive knowledge and perspectives on global matters.”
New York-based buyout firm Lindsay Goldberg LLC has announced that Former U.S. Treasury Secretary Jacob J. Lew will join the company as a partner focusing on investments across sectors, institutional relationships, and firm management, according to an announcement released on Monday, November 20. Lindsay Goldberg is a private equity firm co-founded by Alan E. Goldberg and Robert D. Lindsey, both veterans of Morgan Stanley in which they worked in the Transaction Development Group.
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The San Diego City Employees’ Retirement System plans to reduce annual commitments to private equity and infrastructure down to US$ 75 million for fiscal year 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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