7 July 2017
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.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Standard Chartered boosts CRE team
11 December 2017 | Singapore | Reporter: Stephanie Palmer
Standard Chartered has named Steven Cranwell as global head of commercial real estate for its global banking business
SoftBank and Compass in ‘largest ever’ US real estate tech investment
08 December 2017 | New York | Reporter: Stephanie Palmer
Real estate technology firm Compass has won $450 million in investment from the SoftBank Vision Fund, in what Compass has called the largest ever real estate technology investment deal in US history
Tristan fund makes first foray into Germany
07 December 2017 | Bonn | Reporter: Stephanie Palmer
The CCP 5 long-life fund, a core-plus fund advised by Tristan Capital Partners, has made its first investment in Germany, acquiring an office complex in Bonn for €35 million
JLL develops UK corporate solutions team
07 December 2017 | London | Reporter: Stephanie Palmer
JLL has named Sue Asprey Price as lead director of its corporate solutions business in the UK, with immediate effect
Link Asset Services appointed as real estate fund administrator
06 December 2017 | London | Reporter: Stephanie Palmer
Warehouse REIT, a specialist warehouse investor managed by Tilstone Partners, has selected Link Asset Services for fund administration
Dutch portfolio sold for €200 million
05 December 2017 | Amsterdam | Reporter: Stephanie Palmer
Patrizia Immobilien AG has sold a portfolio of 61 residential properties in the Netherlands, for around €200 million
Allianz tops off bumper 2017 with Broadway acquisition
04 December 2017 | New York | Reporter: Stephanie Palmer
Allianz Real Estate has acquired a 43 percent stake in 1515 Broadway, New York, a class-A building valued at $1.95 billion