LONDON, Feb 12 (Reuters) - Canada Pension Plan InvestmentBoard, one of the world's biggest pension fund investors, haspoached the managing partner of UK private equity firm 3i's infrastructure business, sources familiar with thematter told Reuters.
Cressida Hogg will take a senior role in CPPIB'sinfrastructure programme and will be based in London, thesources said on Wednesday.
Her recruitment comes after CPPIB Chief Executive MarkWiseman said the firm expects more infrastructure and privateequity investment opportunities in 2014.
Hogg spent almost two decades at 3i and founded itsinfrastructure business in 2005. She will leave the firm at theend of March, the company said in a statement earlier onWednesday.
Phil White, currently a partner in infrastructure at 3i, andBen Loomes, group strategy director, will become co-managingpartners of the infrastructure business.
The unit's investment origination and fundraising will behanded over to Neil King, who will move to senior partner.
White and King will also join Loomes on 3i's executivecommittee.
JPMorgan analyst Christopher Brown said the three were "verycapable individuals with complementary skills" and while Hogg'sdeparture may trigger a modest negative sentiment effect in thevery short term, he saw no reason to change his "overweight"rating on the stock.