Canada Pension Plan Investment Board (CPP Investments) has appointed Maximilian Biagosch to lead its real assets business, a role held by Deborah Orida until August last year.

Biagosch, who has been named senior managing director and global head of real assets, will also continue to be head of Europe and remains a member of the firm’s senior management team.

He joined CPP Investments in 2015 and was most recently senior managing director, head of Europe and direct private equity.

Before joining the Canadian firm, Biagosch held senior roles at Permira Advisers, and was an investment banker at Deutsche Bank and BNP Paribas in London.

John Graham, president and CEO of CPP Investments, said Biagosch’s experience, strong leadership and demonstrated performance positioned him well to lead the global real assets programme.

Orida left CPP Investments last year, after 13 years with the firm, to become CEO of fellow Canadian institutional investor PSP Investments.

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