By Muskan Arora

The $472.8bn Canada Pension Fund has named
Caitlin Gubbels as the senior managing director and global head of private
equity.

Gubbels will be taking over the role of Suyi
Kim, who has moved on to take new global investment leadership opportunities
outside of the organization after 17 years.

Kim will remain will the organization until
November to “ensure smooth transition”.

Gubbels will be starting her new role from
October 15.

In this role, she will lead the pension plan’s
private equity program globally, including the teams dedicated to investments
in Direct Private Equity, Private Equity Asia, and Private Equity Funds and
Secondaries.

Gubbels joined the Canadian pension plan in
2010, as a senior principal, currently serves as managing director – head of
funds, where she leads the private equity funds business.

Prior to joining CPP, she worked as an
investment banker at CIBC World Markets for over three years.

“Caitlin’s proven ability to build
relationships and generate returns across private equity opportunities makes
her ideally suited to take on this expanded leadership role and contribute
meaningfully to the senior management team,” said John Graham, president
and chief executive of the pension plan.