Minister of Finance Announces Appointment to Canada Pension Plan Investment Board 22 July

From: Department of Finance Canada

The Government of Canada is committed to appointing highly qualified candidates able to best serve the interests of Canadians, through open, transparent and merit-based selection processes for all Governor-in-Council appointments.

In keeping with this commitment, Finance Minister Bill Morneau today announced the appointment of Boon Sim as a Director to the Board of the Canada Pension Plan Investment Board (CPPIB) effective July 15, 2020. Biographical information can be found below.

Biographical Notes

Boon Sim is the founder and managing partner of Artius Capital Partners; a private capital firm focused on growth equity. With close to three decades of experience in investment management and investment banking at both Credit Suisse (New York) and Temasek, Mr. Sim has sophisticated institutional asset management experience and significant exposure to investment and market risk. Both his current and prior management roles have included a focus on technology and vast U.S. business experience (executive and governance), with important global aspects. Mr. Sim previously served on the Boards for FTS International Inc., Fanatics, Inc. and Worldplay Inc. He holds a Master’s of Public and Private Management from Yale University, a Master’s of Science in Engineering from the Massachusetts Institute of Technology as well as a Bachelor’s of Engineering from the University of Singapore.

Quotes

“I would like to extend my thanks to Mr. Sim for taking on this commitment to Canadians. Through the CPPIB, all Canadians have access to a safe, secure and dignified retirement. The experience and expertise he brings to the table will assist the Board as it continues the important work of building a diversified portfolio of assets that helps ensure the long-term sustainability of the Canada Pension Plan.”

– Bill Morneau, Minister of Finance

Quick facts

  • CPPIB is a professional investment management organization that invests the assets of the Canada Pension Plan (CPP) not currently needed to pay pension, disability and survivor benefits.

  • Operating at arm’s length from government, CPPIB is responsible for prudently investing CPP investment funds in a diversified portfolio of assets to serve the best interests of CPP contributors and beneficiaries.

  • Directors of CPPIB are selected by the federal government in consultation with participating provincial governments. Federal legislative changes in 2014 allow up to three non-resident directors on the board.

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