Canada Pension Plan Investment Board Opens Investment Office in India
(firmenpresse) - TORONTO, ONTARIO and MUMBAI, INDIA -- (Marketwired) -- 10/27/15 -- Canada Pension Plan Investment Board (CPPIB) announced today the opening of a new office in India's financial capital, Mumbai, to focus on investment opportunities across the Indian subcontinent.
"CPPIB has been investing in India since 2010 and we view it as a key growth market that aligns with our strategy of seeking investments in markets that we believe will deliver attractive long-term, risk-adjusted returns," said Mark Wiseman, President & Chief Executive Officer, CPPIB. "CPPIB's long investment horizon aligns to the financing needs of India's economy, business conglomerates and entrepreneurs. We look forward to continuing to expand our footprint in this important market."
The new office, which will be located in the financial hub of the Bandra Kurla Complex (BKC), will expand CPPIB's global reach, enhancing diversification to help support retirement security for generations of Canadians. The on-the-ground presence with strong local talent will enable CPPIB to effectively source and manage complex, sizeable investment opportunities. Proximity to a growing portfolio of global investments helps CPPIB meet its ongoing asset and risk management objectives.
"CPPIB already has significant investments in the country across infrastructure, real estate and financial services," continued Mr. Wiseman. "The opening of an office in Mumbai allows CPPIB to develop local expertise, build important partnerships and access investment opportunities that may not otherwise have been available."
From the Mumbai office, CPPIB will focus primarily on growing its portfolio in India. CPPIB has committed more than US$2 billion to investments in India, including:
CPPIB now operates a network of seven offices across the globe comprising Toronto, Hong Kong, London, Luxembourg, Mumbai, New York and Sao Paulo.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 18 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City and Sao Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At June 30, 2015, the CPP Fund totalled $268.6 billion. For more information about CPPIB, please visit .
Contacts:
Mei Mavin
Director, Corporate Communications
+44 20 3205 3515
Dan Madge
Senior Manager, Media Relations
+1 647 500 4590
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Datum: 27.10.2015 - 07:33 Uhr
Sprache: Deutsch
News-ID 429521
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TORONTO, ONTARIO and MUMBAI, INDIA
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