PSP Investments Appoints Deborah K. Orida as President and Chief Executive Officer
PR97138
MONTRÉAL, July 22, 2022 /PRNewswire=KYODO JBN/ --
The Board of Directors of the Public Sector Pension Investment Board (PSP
Investments) is pleased to announce that, after a thorough and rigorous global
search, it appointed Deborah K. Orida as President and Chief Executive Officer
effective September 1, 2022.
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Ms. Orida has 25 years of experience in the investment and finance industry and
was most recently Senior Managing Director, Global Head of Real Assets & Chief
Sustainability Officer, at the Canada Pension Plan Investment Board (CPP
Investments) where she led the global Real Assets department that encompasses
Infrastructure, Sustainable Energies, Real Estate, Sustainable Investing and
Portfolio Value Creation. She will succeed Mr. Neil Cunningham, who, effective
September 1, 2022, becomes Vice Chair and Special Advisor to the President and
CEO, and will support the transition process until his retirement, effective
March 31, 2023.
"PSP Investments' strong financial performance demonstrates the organization is
well positioned for an effective leadership transition," said Martin J. Glynn,
Chair of the Board at PSP Investments. "In making this decision, the Board
unanimously agrees that Ms. Orida is ideally qualified to lead PSP Investments
forward into its next phase of growth and strategic evolution. On behalf of my
colleagues on the Board of Directors and all PSP Investments employees, I would
also like to thank Neil Cunningham for his immense contribution and for
ensuring a smooth and nimble transition process."
"I am deeply honoured by this appointment," said Deborah K. Orida, incoming
President and Chief Executive Officer at PSP Investments. "PSP Investments is a
global organization with a proven performance track-record and a strong talent
base. It is a tremendous privilege to be given the opportunity to lead one of
Canada's largest and fastest growing pension investment managers at a pivotal
moment. I look forward to working with PSP Investments' exceptional management
team to continue to respond to market opportunities and generate solid returns
for contributors and beneficiaries over the long-term horizon. On a personal
note, my family and I are excited to be moving to Montréal shortly and immerse
ourselves in the city's culture and community."
PSP Investments posted a 10.9% return in fiscal year 2022 (
) as assets under management grew by 12.7% to $230.5 billion. Earlier this
year, the pension investment manager also launched its inaugural climate
strategy (
) with targets to guide climate action and emissions reductions.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada's
largest pension investment managers with $230.5 billion of net assets under
management as of March 31, 2022. It manages a diversified global portfolio
composed of investments in capital markets, private equity, real estate,
infrastructure, natural resources and credit investments. Established in 1999,
PSP Investments manages and invests amounts transferred to it by the Government
of Canada for the pension plans of the federal Public Service, the Canadian
Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered
in Ottawa, PSP Investments has its principal business office in Montréal and
offices in New York, London and Hong Kong. For more information, visit
https://investpsp.com or follow us on Twitter (
) and LinkedIn (
).
Maria Constantinescu, PSP Investments, Phone: +1 (514) 218-3795, Email:
media@investpsp.ca
SOURCE: PSP Investments
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