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Exclusive: CPPIB’s head of EMEA infra moves to GIC

Andreas Koettering has joined the Singapore sovereign fund as a senior vice president after six years at the Canadian pension.

Andreas Koettering, formerly head of infrastructure for Europe, Middle East and Africa at the Canada Pension Plan Investment Board (CPPIB), has joined Singaporean sovereign wealth fund GIC.

Koettering, who served as a London-based managing director at CPPIB, is now a senior vice president at the $315 billion institution, according to people with knowledge of the matter. A spokesperson for CPPIB confirmed his departure, while GIC did not respond to requests for comments.

Prior to starting at CPPIB in October 2008, Koettering worked for 12 years for US investment bank Citigroup and UK-headquartered asset manager Schroders, providing infrastructure and utilities clients with M&A and capital markets advice. He also held positions as principal investor at developer Siemens in Hong Kong and Germany, and as project finance banker at German government-owned development lender KfW in Frankfurt.

The news comes a month after CPPIB announced that André Bourbonnais, currently senior managing director and global head of private investments at the C$271 billion (€194 billion; $217 billion) pension, would step down to become the chief executive of the Montreal-based Public Sector Pension Investment Board on March 30. He was replaced in the role by Mark Jenkins, who until then was managing director and head of principal investments at CPPIB.

The institution’s infrastructure team is headed by Cressida Hogg, who joined from London-listed fund manager 3i in April last year. The role had been vacant since the end of 2013, when former infrastructure chief Alain Carrier was promoted to become head of Europe.