CPP Investments names Priti Singh as CRO, promotes Heather Tobin, and announces Kristen Walters' departure
John Graham, president, and CEO of Canada Pension Plan Investment Board (CPP Investments) has announced two senior executive appointments.
Priti Singh has been appointed as senior managing director and chief risk officer (CRO) and will oversee global risk management functions. Singh previously worked as senior managing director and global head of Capital Markets and Factor Investing.
Heather Tobin has been promoted to senior managing director and global head of Capital Markets and Factor Investing. She will lead the External Portfolio Management, Systematic Strategies, Investment Engineering and Analytics, and Strategy, Risk, and Operations groups.
Tobin, who was managing director and head of Investment Portfolio Management, will join the executive team.
“These appointments position us well to continue building long-term value for the CPP Fund. [Singh]’s leadership, knowledge of the Fund and experience in investment risk management have been valuable to the CPP Investments’ senior management team – all attributes that position her well to step into the CRO role,” said Graham.
“In addition, [Tobin]’s deep experience across multiple departments in the organization makes her ideally suited to take on expanded leadership roles. This promotion demonstrates the bench strength we continue to cultivate throughout the organization.”
Kristen Walters, who held the CRO role, will be leaving CPP Investments after more than three decades in risk management.
“Walters has made a significant contribution in establishing the CRO role as a standalone function and setting the enterprise risk strategy and we thank her for her service to CPP Investments,” Graham added.
According to BNN Bloomberg, CPP Investments appointed Singh as the new chief risk officer, succeeding Kristen Walters, who had held the position for a year and a half.
Walters, who joined CPP Investments in January last year, has previously worked at BlackRock Inc., Natixis Investment Managers, and Pacific Investment Management Co., as noted on her LinkedIn profile. A spokesperson for the $632bn fund declined to comment further.
Additionally, CPP Investments reported an 8 percent net return for the fiscal year ending March 31.
