Neil Cunningham is stepping down from his role as president and chief executive officer at the Public Sector Pension Investment Board on March 31, 2023.
Since he was appointed to the role in 2018, following the departure of André Bourbonnais, the organization’s assets under management grew from $135.6 billion to $204.5 billion.
Cunningham first joined the organization in June 2004 as vice-president of real estate investments. He became senior vice-president and global head of real estate in 2015 and took on oversight of the natural resources team in 2016.
Prior to joining PSP Investments, Cunningham held various real estate investment positions at Merrill Lynch, Brazos Advisors Canada, National Bank of Canada and Coopers and Lybrand, which is now PricewaterhouseCoopers.
In a press release, Martin Glynn, chair of the organization’s board, thanked Cunningham for his leadership. He also noted the organization would have more than 12 months in which to find Cunningham’s successor. “I am also very grateful to Neil for giving us ample time to conduct a fulsome search process for a new CEO and ensure a smooth transition.”
Cunningham said he’s confident that the transition period will be a smooth one. “The timing of this transition will happen at a time when PSP Investments will be well-positioned financially with a very capable executive team in place to continue execution of PSP Investments’ strategy and business plan, permitting a smooth transition to a new leader.”