David Witkin was named senior director, principal debt and credit investments, Europe, at PSP Investments.
The position is new, a spokeswoman said. Mr. Witkin is the first hire by Oliver Duff, managing director, principal debt and credit investments (Europe), who joined PSP in September to open a private debt office in London. Mr. Witkin will report to Mr. Duff.
PSP Investments manages the combined C$116.8 billion ($88.2 billion) in assets of the Canadian public service, Canadian forces, reserve forces and the Royal Canadian Mounted Police pension funds.
PSP Investments began its private debt asset class, at 0.5% of total assets, in November 2015; since then, C$3.5 billion has been committed.
Mr. Witkin was a banker at Goldman Sachs Group. A spokesman at Goldman Sachs couldn’t be immediately reached for details on Mr. Witkin’s replacement or his previous title.
