Deborah K. Orida will take up her new role at the pension investment manager in September
PSP Investments will have a new president and chief executive officer in September.
The board of directors at the Public Sector Pension Investment Board have announced that Deborah K. Orida will take up the leadership role on September 1, 2022.
An experienced investment and finance professional with more than 25 years in the industry, Orida was most recently head of real assets and chief sustainability officer at the Canada Pension Plan Investment Board.
"PSP Investments is a global organization with a proven performance track-record and a strong talent base,” she said. “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.”
PSP Investments returned 10.9% in fiscal year 2022 and assets under management grew by 12.7% to $230.5 billion.
Succeeding Cunningham
Orida was appointed following a global search and will join PSP Investments as the successor to Neil Cunningham, who retires in March 2023 but until then will be vice chair and special advisor to the president and CEO.
“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,” said Martin J. Glynn, chair of the board at PSP Investments. “On behalf of my colleagues on the Board of Directors and all PSP Investments employees, I would like to thank Neil Cunningham for his immense contribution and for ensuring a smooth and nimble transition process.”
