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LACK OF DIVERSITY, NO REAL ESG, WHITE MALE BANKERS AND EXEUTIVES ETC.
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Canada Pension Plan Investment Board
Aug 06, 2021, 09:37 ET
TORONTO, Aug. 6, 2021 /CNW/ - Today, the Chairperson of Canada Pension Plan Investment Board ("CPP Investments") welcomed the appointments of two new directors to the organization's board of directors.
"We are pleased to welcome Dean Connor and Barry Perry to the Board of Directors," said Heather Munroe-Blum, Chairperson of CPP Investments. "We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose. Their respective unique credentials will be a valuable complement to our experienced Board."
Dean Connor has more than four decades of global experience in financial services and executive consulting.
Between 2011 and 2021, Connor served as President & CEO of Sun Life Financial Inc., a leading financial services company. Prior to this, he held senior roles with Sun Life, including Head of Canadian Operations and Chief Operating Officer. Connor previously had a 28-year tenure with a human resource consulting firm, where he rose to be President for the Americas, a position he held until 2006.
Connor is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries. He holds an Honours Business Administration from the Ivey School of Business at Western University. Connor currently serves as a Trustee for the University Health Network in Toronto and as a member of the Ivey Advisory Board. He was named Canada's Outstanding CEO of the Year for 2017, Ivey's Business Leader of the Year for 2018 and one of the Top CEOs in the World for 2019 by the Harvard Business Review.
Barry Perry has more than three decades of experience in the utilities, paper manufacturing and oil refining sectors.
Between 2015 and 2020, Perry held senior roles with Fortis Inc., most recently serving as President & CEO, as well as Vice President of Finance and Chief Financial Officer from 2004 to 2014. Prior to joining Fortis Inc., he served as Vice President and Treasurer with a global forest products company and Corporate Controller with a large crude oil refinery.
Perry holds a Bachelor of Commerce (Honours) from Memorial University of Newfoundland and is a member of the Association of Chartered Professional Accountants of Newfoundland and Labrador. Perry currently serves on the Board of Capital Power. In 2019, he was named Atlantic Business Magazine CEO of the Year.
Canada Pension Plan Investment Board Names New Private Equity Head
Baystreet.ca
August 3, 2021·1 min read
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, the pension fund’s top executive in Asia, to run its $100 billion private equity division.
Kim will lead a department that’s an active player in buyouts globally, both in direct investments and through funds run by Apollo Global Management, KKR and other private equity firms. The CPPIB’s private equity assets have grown more than fivefold in the past decade.
The appointment marks a key step in the reshaping of the team around Chief Executive Officer (CEO) John Graham, who was given the top job in February of this year when former CEO Mark Machin resigned after flying to United Arab Emirates to receive a COVID-19 vaccine in defiance of government guidelines to avoid international travel.
Kim is already one of the most powerful women at the $497.2-billion Canadian pension fund, alongside Deborah Orida, its global head of real assets.
Kim joined CPPIB in 2007 after working for the Ontario Teachers’ Pension Plan and Carlyle Group and opened the pension fund’s Hong Kong office in 2008. She was head of CPPIB’s private-equity operations in Asia for more than eight years.
CPPIB has been increasingly investing in private assets amid stretched valuations for stocks and bonds. It’s part of the consortium led by Fortress Investment Group that’s making an $8.8 billion bid for Wm Morrison Supermarkets.
The Canadian pension fund’s private-equity investments returned 36.6% in the fiscal year ended March 31, generating a net income of $34 billion, according to its annual report.
Kim, who starts in the role on September 15, replaces Shane Feeney, who accepted an executive role at Toronto-based Northleaf Capital Partners.
For further information: Frank Switzer, Managing Director, Investor Relations, T: +1 (416) 523-8039, fswitzer@cppib.com
Related Links
https://www.cppinvestments.com/
CPPIB welcomes former presidents, CEOs as new board directors
by Duffie Osental 11 Aug 2021
The Canada Pension Plan Investment Board (CPPIB) has announced two new appointments to its board of directors.
Former Sun Life president and chief executive officer Dean Connor will join Barry Perry, the former president and CEO of utilities giant Fortis, on CPPB’s board.
Read more: Allianz, CPPIB invest in gas distribution service
CPPIB is a professional investment management organization that serves the “best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan.”
In the insurance sector, the organization is known for its ownership of global specialty insurance and reinsurance firm Ascot Group and its investment in UK insurance provider BGL Group.
“We are pleased to welcome Dean Connor and Barry Perry to the board of directors,” said Heather Munroe-Blum, chairperson of CPPIB. “We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose. Their respective unique credentials will be a valuable complement to our experienced board.”
Connor has more than four decades of global experience in financial services and served as president and CEO of Sun Life Financial between 2011 to 2021. Prior to this, he held senior roles with Sun Life, including head of Canadian operations and chief operating officer.
Meanwhile, Perry has more than three decades of experience in the utilities, paper manufacturing, and oil refining sectors. Between 2015 and 2020, Perry held senior roles with Fortis, most recently serving as president and CEO, as well as vice president of finance and chief financial officer from 2004 to 2014.
CPP Investments adds former Mercer partner Dean Connor to board
10 August 2021 Consulting.ca
The Canada Pension Plan Investment Board has appointed Dean Connor, formerly a partner at HR and wealth management consultancy Mercer, as a member of its board of directors. CPP Investments also announced the addition of Barry Perry, an energy sector veteran, as a board member.
Connor brings more than 40 years of experience in financial services and consulting. He spent the last 15 years at Sun Life, where he served as CEO from 2011 to 2021. Before that, he served as COO and head of Canadian operations at the insurance and wealth management giant.
Before joining Sun Life in 2006, Connor spent 28 years at Mercer, where latterly served as president for the Americas.
Connor is a trustee for the University Health Network in Toronto and a member of the Ivey School of Business advisory board. He was named one of the Top CEOs in the World for 2019 by Harvard Business Review.
Aug 06, 2021, 09:37 ET
TORONTO, Aug. 6, 2021 /CNW/ - Today, the Chairperson of Canada Pension Plan Investment Board ("CPP Investments") welcomed the appointments of two new directors to the organization's board of directors.
"We are pleased to welcome Dean Connor and Barry Perry to the Board of Directors," said Heather Munroe-Blum, Chairperson of CPP Investments. "We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose. Their respective unique credentials will be a valuable complement to our experienced Board."
Dean Connor has more than four decades of global experience in financial services and executive consulting.
Between 2011 and 2021, Connor served as President & CEO of Sun Life Financial Inc., a leading financial services company. Prior to this, he held senior roles with Sun Life, including Head of Canadian Operations and Chief Operating Officer. Connor previously had a 28-year tenure with a human resource consulting firm, where he rose to be President for the Americas, a position he held until 2006.
Connor is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries. He holds an Honours Business Administration from the Ivey School of Business at Western University. Connor currently serves as a Trustee for the University Health Network in Toronto and as a member of the Ivey Advisory Board. He was named Canada's Outstanding CEO of the Year for 2017, Ivey's Business Leader of the Year for 2018 and one of the Top CEOs in the World for 2019 by the Harvard Business Review.
Barry Perry has more than three decades of experience in the utilities, paper manufacturing and oil refining sectors.
Between 2015 and 2020, Perry held senior roles with Fortis Inc., most recently serving as President & CEO, as well as Vice President of Finance and Chief Financial Officer from 2004 to 2014. Prior to joining Fortis Inc., he served as Vice President and Treasurer with a global forest products company and Corporate Controller with a large crude oil refinery.
Perry holds a Bachelor of Commerce (Honours) from Memorial University of Newfoundland and is a member of the Association of Chartered Professional Accountants of Newfoundland and Labrador. Perry currently serves on the Board of Capital Power. In 2019, he was named Atlantic Business Magazine CEO of the Year.
Canada Pension Plan Investment Board Names New Private Equity Head
Baystreet.ca
August 3, 2021·1 min read
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, the pension fund’s top executive in Asia, to run its $100 billion private equity division.
Kim will lead a department that’s an active player in buyouts globally, both in direct investments and through funds run by Apollo Global Management, KKR and other private equity firms. The CPPIB’s private equity assets have grown more than fivefold in the past decade.
The appointment marks a key step in the reshaping of the team around Chief Executive Officer (CEO) John Graham, who was given the top job in February of this year when former CEO Mark Machin resigned after flying to United Arab Emirates to receive a COVID-19 vaccine in defiance of government guidelines to avoid international travel.
Kim is already one of the most powerful women at the $497.2-billion Canadian pension fund, alongside Deborah Orida, its global head of real assets.
Kim joined CPPIB in 2007 after working for the Ontario Teachers’ Pension Plan and Carlyle Group and opened the pension fund’s Hong Kong office in 2008. She was head of CPPIB’s private-equity operations in Asia for more than eight years.
CPPIB has been increasingly investing in private assets amid stretched valuations for stocks and bonds. It’s part of the consortium led by Fortress Investment Group that’s making an $8.8 billion bid for Wm Morrison Supermarkets.
The Canadian pension fund’s private-equity investments returned 36.6% in the fiscal year ended March 31, generating a net income of $34 billion, according to its annual report.
Kim, who starts in the role on September 15, replaces Shane Feeney, who accepted an executive role at Toronto-based Northleaf Capital Partners.
For further information: Frank Switzer, Managing Director, Investor Relations, T: +1 (416) 523-8039, fswitzer@cppib.com
Related Links
https://www.cppinvestments.com/
CPPIB welcomes former presidents, CEOs as new board directors
by Duffie Osental 11 Aug 2021
The Canada Pension Plan Investment Board (CPPIB) has announced two new appointments to its board of directors.
Former Sun Life president and chief executive officer Dean Connor will join Barry Perry, the former president and CEO of utilities giant Fortis, on CPPB’s board.
Read more: Allianz, CPPIB invest in gas distribution service
CPPIB is a professional investment management organization that serves the “best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan.”
In the insurance sector, the organization is known for its ownership of global specialty insurance and reinsurance firm Ascot Group and its investment in UK insurance provider BGL Group.
“We are pleased to welcome Dean Connor and Barry Perry to the board of directors,” said Heather Munroe-Blum, chairperson of CPPIB. “We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose. Their respective unique credentials will be a valuable complement to our experienced board.”
Connor has more than four decades of global experience in financial services and served as president and CEO of Sun Life Financial between 2011 to 2021. Prior to this, he held senior roles with Sun Life, including head of Canadian operations and chief operating officer.
Meanwhile, Perry has more than three decades of experience in the utilities, paper manufacturing, and oil refining sectors. Between 2015 and 2020, Perry held senior roles with Fortis, most recently serving as president and CEO, as well as vice president of finance and chief financial officer from 2004 to 2014.
CPP Investments adds former Mercer partner Dean Connor to board
10 August 2021 Consulting.ca
The Canada Pension Plan Investment Board has appointed Dean Connor, formerly a partner at HR and wealth management consultancy Mercer, as a member of its board of directors. CPP Investments also announced the addition of Barry Perry, an energy sector veteran, as a board member.
Connor brings more than 40 years of experience in financial services and consulting. He spent the last 15 years at Sun Life, where he served as CEO from 2011 to 2021. Before that, he served as COO and head of Canadian operations at the insurance and wealth management giant.
Before joining Sun Life in 2006, Connor spent 28 years at Mercer, where latterly served as president for the Americas.
Connor is a trustee for the University Health Network in Toronto and a member of the Ivey School of Business advisory board. He was named one of the Top CEOs in the World for 2019 by Harvard Business Review.
Connor holds a bachelor’s degree in business administration from Western University and is a fellow of the Society of Actuaries and the Canadian Institute of Actuaries.
"We are pleased to welcome Dean Connor and Barry Perry to the Board of Directors," said Heather Munroe-Blum, chairperson of CPP Investments. "We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose.”
CPP Investments manages the $497.2 billion in the CPP fund. The Toronto-based organization is governed and managed independently of the CPP and at arm’s length of the Canadian government. The CPP Investments board is composed of 12 directors.
About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. CPP Investments' 12-member Board of Directors was the first non-American firm to receive, in 2020, the US National Association of Corporate Directors NXT ® Award, which recognizes boards that use diversity and innovation to build long-term value. At March 31, 2021, the Fund totalled $497.2 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter.
"We are pleased to welcome Dean Connor and Barry Perry to the Board of Directors," said Heather Munroe-Blum, chairperson of CPP Investments. "We know they share our commitment to global best-in-class standards of organizational investment capabilities, corporate governance, and diversity, commensurate with our public purpose.”
CPP Investments manages the $497.2 billion in the CPP fund. The Toronto-based organization is governed and managed independently of the CPP and at arm’s length of the Canadian government. The CPP Investments board is composed of 12 directors.
About CPP Investments
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. CPP Investments' 12-member Board of Directors was the first non-American firm to receive, in 2020, the US National Association of Corporate Directors NXT ® Award, which recognizes boards that use diversity and innovation to build long-term value. At March 31, 2021, the Fund totalled $497.2 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedIn, Facebook or Twitter.
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