The Canada Pension Plan Investment Board is appointing Manroop Jhooty as senior managing director and head of total fund management, effective immediately.

In the new role, he’ll be responsible for the total fund management department where he’ll lead the balancing and financing portfolio, which is invested in global public securities, as well as balance sheet management, tactical positioning, trading and portfolio design.

“Manroop brings strong leadership skills and a deep understanding of the design of our investment portfolios, which position him well to add significant value as part of our senior management team,” said John Graham, president and chief executive officer at the CPPIB, in a press release.

Read: CPPIB appointing Maximilian Biagosch as senior managing director, global head of real assets

“He will work closely with our chief investment officer to ensure that the fund’s investing activities continue to collectively produce a total portfolio that will deliver maximized long-term returns without undue risk.”

Since Jhooty joined the CPPIB in 2019, he has taken on progressively senior roles, most recently as managing director and head of exposure, leverage and liquidity management. Prior to joining the organization, he held various fixed income and credit trading roles with Bank of America Merrill Lynch.

Read: CPPIB appointing Kristen Walters as senior managing director, chief risk officer