Canada Pension Plan Investment Board and Singapore-based early-stage VC and accelerator Antler have appointed new board members.
CPP Investments ropes in former Temasek senior exec
The Canada Pension Plan Investment Board (CPP Investments) has added former Temasek International executive Boon Sim to its board of directors, according to an announcement.
“Sim has close to three decades of global experience in the finance industry and expertise in a range of sectors including technology and healthcare,” the pension fund.
Sim held senior roles at Temasek International between 2012 and 2017 and was the president of the Singapore state investment firm’s American operations, as well as head of markets groups and head of life science and credit portfolios.
Before his tenure at Temasek, Sim was with Credit Suisse Group and its predecessor firm, The First Boston Corporation. He is also the founder and managing partner of Artius Capital Partners, a New York-based growth and private equity investment firm.
Sim, who holds a Master of Science in Engineering from Massachusetts Institute of Technology, is currently a member of the Yale University School of Management Board of Advisors.
CPP Investments had a net asset value of C$409.6 billion ($305 billion) as of March 31, 2020, according to the announcement.
The pension fund has built a significant presence in Asia through its investments in fund managers and regional businesses. It has committed capital to general partners such as Sequoia Capital, Baring Asia, Hillhouse Capital, MBK Partners and CVC Capital’s Asia buyout fund.
Meanwhile, its direct investments include large companies such as China’s Alibaba and Meituan Dianping, Delhivery in India, Indonesian toll road operator PT Lintas Marga Sedaya, and a joint venture with ESR to invest in Korea’s logistics real estate.
Antler appoints ex-WeWork Asia head as partner, board member
Singapore-based accelerator Antler has roped in former WeWork Asia head Ole Ruch as a partner and board member.
Antler said Ruch will focus on international expansion, strategic partnerships and investment management.
Ruch had a five-year stint at WeWork, wherein he launched and oversaw the co-working company’s expansion and operations in the region as managing director and head of Asia, before subsequently leading WeWork’s global strategy.
He is also the founder and managing partner of Nordstar, an advisory and investment firm.
Ruch is an angel investor himself, having pumped in capital in growth companies. He has held senior roles in companies such as Airbnb, Groupon and Fredensborg AS, the third-largest residential owner-operator in Europe.
“My relationship with Antler began as an early investor … I wanted to take things a step further,” Ruch said in a statement.