The CPP Investment Board (CPPIB) Tuesday announced the promotion of Mark Wiseman to oversee its three investment departments.

Wiseman’s appointment, along with three others, will be effective at the start of the next fiscal year on April 1.

“I believe these changes reflect our ongoing evolution as an organization and also are a confirmation of the depth of talent, experience and expertise we have within CPPIB,” says David Denison, president and CEO.

Mark Wiseman becomes executive vice president, investments. Each of CPPIB’s three investment departments — public market investments, private investments, and real estate investments — will report to Wiseman in this new position, which will report to Denison, president & CEO. Wiseman has led the private investments department since joining CPPIB in 2005.

Don Raymond becomes senior vice president and chief investment strategist. In addition to heading CPPIB’s portfolio design and investment research department, Raymond will have responsibility for overall CPP Fund level investment strategy and will report to Denison. Raymond joined CPPIB in 2001 and until his new role is effective, has led CPPIB’s public market investments department.

Andre Bourbonnais is promoted to senior vice president, private investments. Bourbonnais will assume responsibility for CPPIB’s private investments department and will also join the senior management team. He has been an integral part of the private investments department since he joined CPPIB as vice president and head of principal investing in 2006.

Jim Fasano becomes vice president and head of principal investing. Fasano will assume leadership of CPPIB’s principal investing team within the private investments department. He has been with CPPIB since 2004 and was one of the original members of the principal onvesting team when it was formed in 2006.

As previously announced, John Ilkiw, who is currently senior vice president, portfolio design and investment research will be retiring effective March 31.

IE