David Scudellari was named senior vice president, head of principal debt and credit investments at PSP Investments, and will lead the Canadian pension fund manager's new office in New York.
The position is new, said Mark Boutet, spokesman. Mr. Scudellari will oversee PSP Investments Holding USA, a new affiliate focusing on private debt and credit investments. It's a new asset class for the firm, said Mr. Boutet.
Mr. Scudellari was a managing director and head of finance and risk for Canada at Barclays Capital. Spokesmen for Barclays could not be immediately reached for information on his replacement.
PSP Investments manages C$112 billion ($85.6 billion) in assets for the Canadian Public Service, Canadian Forces, Royal Canadian Mounted Police and Reserve Force pension plans.
PSP Investments is the fifth Canadian pension fund manager to open a New York office. It joins the C$225.9 billion Caisse de Depot et Placement du Quebec, Montreal, and the Toronto-based C$268.8 billion Canada Pension Plan Investment Board, C$154.4 billion Ontario Teachers' Pension Plan and C$72 billion Ontario Municipal Employees' Retirement System.
