7 July 2017
Toronto
Reporter: Theo Andrew

CPPIB’s Graeme Eadie steps down


Canada Pension Plan Investment Board’s (CPPIB) Graeme Eadie is to step down from his position as global head of real assets in a senior executive shake-up.

Eadie, who has been with the Canadian pension fund for the past 12 years, will be replaced by Ed Cass. Eadie will continue to work with the group in a general management role, focusing on the investment approval process.

Cass most recently held the position of senior managing director and chief investment strategist. He will start as senior managing director and global head of real assets on 15 July.

With more than 25 years of experience, Cass has been responsible for leading a number of global projects within the public market investments department and has previously held senior roles at Deutsche Bank Canada and TD Securities.

Elsewhere in CPPIB, Geoffrey Rubin has been promoted to senior managing director and chief investment strategist, while Neil Beaumont will become senior managing director and chief financial and risk officer.

Replacing Cass, Rubin joins the senior management team from his previous role of head of portfolio construction and research. He joined CPPIB in 2011 and previously held roles at Fannie Mae and Capital One Finance.

Beaumont replaces Benita Warmbold, who will retire on August 31 and will be responsible for the organisation’s risk management. He joins from BHP Billiton.

Mark Machin, president and CEO of CPPIB, said: “These appointments demonstrate the deep pool of world-class talent we have at CPPIB, and reflect our succession planning and ability to recruit top talent to support the growth and evolution of the CPP Fund.”

He added: “I’d like to thank Graeme Eadie and Benita Warmbold for their important contributions to CPPIB. We are very pleased that Graeme Eadie will continue to provide valuable guidance and continuity to the organisation, and wish Benita Warmbold all the best as she continues her active involvement on boards in the corporate, healthcare and education sectors upon her retirement from CPPIB.”

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