Canada Pension Names Warmbold as CFO Amid Management Shuffle

Canada Pension Plan Investment Board named Benita Warmbold chief financial officer as part of a management shuffle at the country’s largest retirement-fund manager.

Warmbold, the chief operations officer, is swapping roles with CFO Nick Zelenczuk as part of a realignment, Toronto-based Canada Pension said today in a statement. Zelenczuk becomes responsible for operations, technology and planning as COO. The changes are effective Dec. 1, Linda Sims, a spokeswoman, said in a telephone interview.

Canada Pension also named Mark Machin, a former Goldman Sachs Group Inc. (GS) banker who joined the pension-fund manager last year to oversee its Asia unit, as head of international investment. Alain Carrier, managing director of Europe and global head of infrastructure, private investments, will be in charge of Europe, reporting to Machin.

Canada Pension, which manages retirement savings for 18 million people in every province except Quebec, has investments in equities, real estate, infrastructure and fixed-income. The firm oversaw C$192.8 billion ($182.6 billion) of assets as of Sept. 30.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; Christian Baumgaertel at cbaumgaertel@bloomberg.net

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