Canada’s Largest Pension Names Veteran David Colla as Credit Chief

Canada Pension Plan Investment Board, the country’s largest such money pool, named insider David Colla as global head of credit investments, elevating a private-debt specialist after the strategy posted returns in the teens last fiscal year.

Colla, who joined CPPIB in 2010 and most recently led its capital solutions group, will assume the role April 1 and join the senior management team, the pension manager said Tuesday. He succeeds Andrew Edgell, who led the credit platform for five years and nearly doubled its size. Edgell will move to a senior adviser position.