Cass has been with the pension fund since 2008, most recently as its global head of real assets. (The Logic)

Talking point: CPPIB created the position to deal with the anticipated size of its fund, which currently sits at $434.4 billion, but which it expects to reach $1 trillion by 2033. Cass’s responsibilities include allocating capital between investment programs and overseeing balance-sheet management. The creation of an additional C-suite position is CPPIB’s latest move to plan for a near-term future in which its assets more than double. In August, the pension cited e-commerce adoption among older people and the rise of telehealth as factors that were likely to affect its long-term investments. In May, CEO Mark Machin told my colleague Catherine his firm wasn’t ready to sell its real estate assets despite the rise in remote working or pull back from its investments in China.