The Canada Pension Plan Investment Board CPPIB is bulking up its Asia Pacific principal credit investments team as a long-term play on the fast developing debt markets across the region, people familiar with the moves said.
The Toronto-headquartered investor has added two investment professionals to the Hong Kong-based team in the last year, bringing the total to five members. Globally the division comprises about 45 professionals, the people said.
Manjot Rana also relocated from CPPIB’s London office to Hong Kong as head of the team over a year ago. Previously, Rana has worked in leveraged finance at Barclays Capital and Citigroup in New York.