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.
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.