TORONTO, March 10, 2021 /CNW/ – CAAT Pension Plan is pleased to announce the appointment of Asif Haque as Chief Investment Officer effective May 1, 2021.
Asif joined CAAT in 2010 and holds the position of Managing Director of Public Markets, a role where he has led the team responsible for the Plan’s $11 billion public markets portfolio. Through a combination of effective external manager selection and strategic internal structuring decisions, Asif’s team has outperformed market benchmarks over the long-term.
Outside of work, Asif is proud to serve on the board of the Pension Investment Association of Canada (PIAC) and on the investment committees of the United Church of Canada Pension Plan and Nunavut Tunngavik, an organization supporting programs for Inuit in Nunavut.
Previous to CAAT, Asif held leadership roles at the Public Sector Pension Investment Board (PSP) and State Street Canada.
“We’re excited to have Asif take over leading our investment team at this critical juncture,” said Derek Dobson, CAAT Chief Executive Officer and Plan Manager. “Asif has the strategic vision, skills and experience we need to support the continued growth of the Plan, which is targeted to exceed $30 billion in assets by 2027.”
Asif will report directly to Derek Dobson and lead a growing team of investment professionals. Asif succeeds Julie Cays, Chief Investment Officer, who previously announced her plans to retire at the end of April 2021 and was named CIO of the year for 2020 by the Canadian Investment Review.
“I want to thank Julie for her countless contributions to CAAT and congratulate Asif on his new role,” continued Derek. “Julie has been an exemplary leader for CAAT, with influence far beyond Investments. We have full confidence Asif will be the same, helping advance our mission to expand defined benefit coverage to more workers across Canada.”
About CAAT Pension Plan
Established in 1967, the CAAT Pension Plan is an independent, jointly governed plan that offers two defined benefit pension designs, DBplus and DBprime. CAAT’s award-winning DBplus offering is leading to an extraordinary pace of growth for the Plan. Originally established for the 24 Ontario colleges, the CAAT Plan now proudly serves more than 100 participating employers from the for-profit, nonprofit and broader public sectors from across Canada, and is open for continued growth in membership where it’s mutually beneficial. The CAAT Plan is respected for its pension and investment management expertise and focus on benefit security. To learn more visit www.caatpension.ca.
SOURCE CAAT Pension Plan
For further information: John Cappelletti, [email protected], Mobile: 416-720-7853
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
