Maximilian Biagosch has been named senior managing director and global head of real assets at Canada Pension Plan Investment Board, Toronto.
Mr. Biagosch will also continue as head of Europe, according to a Tuesday release. As head of real assets, Mr. Biagosch succeeds Deborah K. Orida who left last year to become president and CEO of the Public Sector Pension Investment Board (PSP Investments), a CPPIB spokesman said by email.
Mr. Biagosch will report to John Graham, president and CEO of CPPIB, which manages the assets of the Canada Pension Plan.
In addition, Hafiz Lalani, currently head of direct private equity, Europe and based in London, will succeed Mr. Biagosch as head of direct private equity, the spokesman said.
CPPIB has not indicated who will take on the head of direct private equity, Europe role at present.
CPPIB had C$536 billion ($395.7 billion) in net assets as of Dec. 31.
PSP Investments is based in Montreal and had C$230.5 billion of net assets under management as of Mar. 31.