The Public Sector Pension Investment Board Appoints Neil Cunningham as President and Chief Executive Officer

Montréal (ots/PRNewswire) -

The Board of Directors of the Public Sector Pension Investment
Board (PSP Investments) today announced that effective immediately,
Neil Cunningham has been appointed President and Chief Executive
Officer of PSP Investments. Prior to this appointment, Mr.
Cunningham was Senior Vice President, Global Head of Real Estate and
Natural Resources at PSP Investments. The outgoing President and CEO,
André Bourbonnais, advised the Board of his decision to depart PSP
Investments. André will be joining BlackRock later this year to lead
a new initiative within BlackRock Alternative Investors.

"Neil Cunningham has been a key player in PSP Investments'
evolution, both as an investor and as a senior executive. He has
played a key role in developing and implementing the organization's
current strategic plan, and possesses a deep understanding of the
business, mandate and stakeholders of PSP Investments. This
extensive experience, along with Neil's consistent demonstration of
the core values of the enterprise, makes him the natural and ideal
next leader of PSP Investments," said Martin Glynn, Chair Designate
of the Board.

Mr. Cunningham joined PSP Investments in June 2004 as Vice
President, Real Estate Investments, and was named Senior Vice
President, Global Head of Real Estate in 2015. Under his leadership,
PSP Investments' Real Estate team has become one of the most
respected and successful institutional real estate groups in the
world. In December 2016, Mr. Cunningham also took on oversight of PSP
Investments' Natural Resources team.

Prior to joining PSP Investments, Mr. Cunningham held various real
estate investment positions at Merrill Lynch, Brazos Advisors Canada,
National Bank of Canada and Coopers & Lybrand.

"I am delighted and honoured to have been selected by the Board to
lead PSP Investments," said Mr. Cunningham. "Our organization is a
leader in pension investment management and its position and
importance will continue to grow. I am looking forward to this
exciting challenge of taking PSP Investments to the next level.
Together with the senior management team and the many skilled,
dedicated professionals across the organization, I am confident that
we will continue to achieve our ambitious goals and satisfy our
mandate."

The appointment of Mr. Cunningham comes with the departure of Mr.
Bourbonnais after three years of service as President and CEO. Under
his guidance, PSP Investments underwent an accelerated evolution
which included the restructuring of the Private Equity group, the
creation of a Private Debt asset class, the opening of offices in New
York and London and a net return of 12.8% for the fiscal year closing
at March 31, 2017. During Mr. Bourbonnais' tenure, PSP Investments
also developed a five-year strategic plan titled Vision 2021.

"André had a very positive impact on PSP Investments during his
time as President and CEO. His leadership and focused commitment
made it a unique pleasure to work alongside him for the last three
years. We wish him every success as he pursues his next challenges
and look forward to Neil continuing the important initiatives
underway at PSP Investments," said Martin Glynn, Chair Designate of
the Board.

"Making the decision to leave the leadership role of PSP
Investments was a difficult one. I am very proud of what we
accomplished here together, thanks to the great professionals with
whom I have had the pleasure of working with and the continued
support of the Board of Directors. PSP Investments is an
extraordinary organization, a leading global institutional investor
best positioned to take advantage of the opportunities ahead as it
creates value for its contributors and beneficiaries," said André
Bourbonnais, outgoing President and CEO of PSP Investments.

About PSP Investments

The Public Sector Pension Investment Board (PSP Investments) is
one of Canada's largest pension investment managers with $139.2
billion of net assets under management as of September 30, 2017. It
manages a diversified global portfolio composed of investments in
public financial markets, private equity, real estate,
infrastructure, natural resources and private debt. Established in
1999, PSP Investments manages net contributions to the pension funds
of the federal Public Service, the Canadian Forces, the Royal
Canadian Mounted Police and the Reserve Force. Headquartered in
Ottawa, PSP Investments has its principal business office in Montréal
and offices in New York and London. For more information, visit
investpsp.com (http://www.investpsp.com/) or follow us on Twitter
@InvestPSP (https://twitter.com/InvestPSP).

Maria Constantinescu, Media Relations, PSP Investments, Tel.: +1
(514) 218-3795, media@investpsp.ca

ots Originaltext: PSP Investments
Im Internet recherchierbar: http://www.presseportal.de

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