CPPIB brings in credit exec as MD

The Canadian pension board has made a senior hire focusing on credit.

The Canada Pension Plan Investment Board has hired Derek Jackson as managing director. Jackson will be based in London and work on the principal credit investment team, according to an announcement by the pension board.

Jackson joins from Davidson Kempner where he specialised in European opportunistic credit strategies and event-driven strategies. He will begin working for CPPIB in May, the announcement notes.

CPPIB manages the portion of the Canada Pension Plan not needed to meet liabilities. The plan has approximately C$301 billion (£185 billion) in assets under management and 19 million contributors and beneficiaries.

While the pension plan lists its private equity, public equity and real estate investments on its website, it doesn’t list its investments in private debt funds. According to the website the plan invests in the aforementioned asset classes as well as infrastructure and bonds.

A spokesman for CPPIB did not return calls seeking additional comment by the time of publication.