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Canada's CPP Investments taps insider Kristina Fanjoy as CFO

Reuters
·1-min read

(Reuters) - Canadian Pension Plan Investment Board said on Wednesday it appointed insider Kristina Fanjoy as its chief financial officer.

Fanjoy will succeed Neil Beaumont nearly five months after the company said he was leaving the investment management firm. She joined CPP in 2010 and previously served as head of finance.

The company in August reported a drop in net assets for the first quarter, hit by a decline in equity markets globally that led to losses in the fund's private equity and credit portfolio.

Fanjoy will be responsible for financial policy and reporting strategy, accounting and tax governance, a company statement said.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Sriraj Kalluvila)