Canadian pension investment manager to expand London operations
The Public Sector Pension Investment Board, one of Canada’s largest pension investment managers, said on Wednesday it planned to expand its London operations, hiring staff and boosting investments. PSP, which manages C$125.8 billion ($92 billion) across a range of markets, said it would increase staffing in London to 40 from 28 over the next 12 months. It opened the office in 2015.
The team will focus on private equity, private debt, infrastructure and real estate, PSP said, and help it to boost investments across Europe by 20-30 percent over the next five years.
The move comes despite uncertainty in the City since Britain’s vote last year to leave the European Union, and which prompted some banks, insurers and funds to look at opening or bulking up operations elsewhere in the region.
Full Content: Nasdaq
Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access
