A view of Toronto’s financial district.Brent Lewin/Bloomberg
The Canada Pension Plan Investment Board's new chief executive officer Mark Machin is restocking the fund's leadership team overseas.
Mr. Machin said Wednesday that he will look to internal candidates to fills the holes left by his promotion, touting the country's largest pension fund's "deep bench strength and great international experience."
Alain Carrier will join CPPIB's senior management team as head of international, replacing Mr. Machin. Mr. Carrier, who has an investment banking background and has long been based in London, will also keep his former title as head of Europe.
Suyi Kim will take over as head of Asia, overseeing investments in the region and reporting to Mr. Carrier. She was most recently head of private equity Asia, and was instrumental in getting CPPIB's first international office in Hong Kong off the ground. Mr. Machin first joined CPPIB as head of Asia in 2012, and also maintained that role until being promoted to CEO. Ms. Kim has worked at several other large international financial firms, including for the private-equity group at Ontario Teachers' Pension Plan.
Ms. Kim's appointment makes room for Deborah Orida to move into the role of head of private equity in Asia. She will lead both direct private-equity investments and fund commitments. She was most recently focused on Asia and Europe as international head of relationship investments, a group in CPPIB that makes minority investments in public companies. She has experience in banking and has worked in several international markets, including being a securities lawyer at Blake Cassels & Graydon LLP, in Toronto.