CPPIB elevates head of private debt to lead credit team at large

The appointment comes as part of a broader swath of changes in senior management.

The Canada Pension Plan Investment Board is getting a new head of head of credit investments, just one appointment among a suite of leadership changes and appointments the retirement plan behemoth has made this year.

The Toronto-based pension has named John Graham senior managing director to lead the credit investments team, which includes principal credit investments, private real estate debt and a new public credit investment team. Graham was previously a managing director and global head of principal credit investments.

Shane Feeney, a senior managing director and the current global head of private investments, – which includes the principal credit division – will transition to the head of private credit. There, he will oversee direct private equity investments, fund, secondaries and co-investments as well as CPPIB’s Asian private equity team.

The firm could not be reached for additional comment.

CPPIB also made several other appointments. Suyi Kim is now a senior managing director and head of Asia-Pacific. Deborah Orida has been designated a senior managing director and global head of active equities. Poul Winslow is now a senior managing director and global head of capital markets and factor investing. All three are CPPIB veterans, with Kim having joined in 2006 and Orida and Winslow starting in 2009.

The appointments were made to allow for “greater investment agility and the recognition of the importance of emerging markets”, according to the statement.

In February, CPPIB announced the retirements of global head of real estate Graeme Eadie and senior managing director and chief operations officer Nick Zelenczuk along with the departure of Eric Wetlaufer, a senior managing director and global head of public market investments. Eadie left the firm at the end of March, while Wetlaufer is set to depart at the end of next month.

CPPIB’s credit team has seen some rotation in recent years. Mark Jenkins, formerly a CPPIB senior managing director and global head of private investments, left in September 2016 to become The Carlyle Group’s head of global credit. Adam Vigna, who was a managing director that oversaw the firm’s global principal credit investments business, departed CPPIB in October 2016 to establish Sagard Holdings’ private credit arm.

Both Jenkins and Vigna helped oversee CPPIB’s acquisition of Antares Capital, the former GE Capital mid-market lending firm that specialises in private equity-sponsored companies.

CPPIB, which manages C$337.1 billion ($262.78 billion), invests in public and private markets, including alternatives such as private credit, private real estate and private equity. In addition to its Toronto headquarters, the firm also has offices in the US, Europe, Brazil, Hong Kong, India and Australia.