Judy Wade joined the Canada Pension Plan Investment Board, Toronto, as managing director and head of San Francisco to support the C$420.4 billion ($295.8 billion) pension fund's growth in the U.S. market.
In the new position, Ms. Wade will oversee CPPIB's growth strategy in the Bay Area "with a focus on opportunities in disruptive technology and innovation, building the organization's reputation and reach in Silicon Valley, as well as knowledge-sharing activities for the West Coast," a news release said.
"Having a team of highly experienced investment professionals in the Bay Area has been our focus since we expanded our U.S. operations opening an office in San Francisco last September," a CPPIB spokesman said in an email.
Ms. Wade was a venture leader for consulting firm McKinsey & Co., where she led their global practice servicing startups and their investors. A spokesman at McKinsey & Co. could not be immediately reached for comment.
Also on Monday, CPPIB announced that Adam Grosser joined the San Francisco team as a senior adviser. Mr. Grosser was managing director and group head at private equity firm Silver Lake, overseeing investments in energy, manufacturing automation, data communication and mobility, according to the CPPIB news release. A spokeswoman for Silver Lake declined to comment.
Mr. Grosser and Ms. Wade will both enhance the pension fund's position in the U.S. market, which currently amounts to C$142.1 billion, or 33.8% of CPPIB's total investments as of Dec. 31, the spokesman said.
