The CIB has enacted an executive organizational change to its Investment Leadership following the retirement of Chief Investment Officer John Casola. These changes put in place April 1 ensure the CIB continues to deliver projects that supports impactful outcomes for Canadians following an expanded mandate and increased allocation to $45 billion.

  • Hillary Thatcher is the CIB’s Executive Vice President, Indigenous Infrastructure, charged with growing this function to reflect the CIB’s increased target of $3B towards Indigenous infrastructure.
  • Sashen Guneratna is Executive Vice President, Public Infrastructure, focused on making investments that have more stable revenue streams in partnership with private and public sector clients including Crown corporations and government-owned entities.  
  • To support strong deal execution, Charles Todd has been promoted to Executive Vice President, Investment Operations, leading a specialized team of experts responsible for ensuring investments meet the highest standards.
  • An executive search is underway for an Executive Vice President, Commercial Infrastructure, expected to lead the CIB’s expanded focus on higher-risk investments with partners in the private sector.

“The CIB has demonstrated progress and momentum in addressing the importance of transformative infrastructure to support industry, our economy and the needs of our communities. Our new structure means we’re ready to meet this critical moment, accelerate investment and deliver meaningful outcomes for Canadians.” – Ehren Cory, Chief Executive Officer

The CIB has invested more than $18 billion in 108 infrastructure projects, 11 of which are now complete and supporting economic growth and jobs nationwide.

Contact investments@cib-bic.ca

 

SPA letter  

Federal government expands Canada Infrastructure Bank mandate, adds capital

The federal government has released a new Statement of Priorities and Accountabilities (SPA) for the Canada Infrastructure Bank, setting out updated expectations for the Crown corporation following Budget 2025.

In the letter, the Minister of Housing, Infrastructure and Communities highlights the Bank’s role in mobilizing private and institutional capital to accelerate the delivery of major infrastructure projects. The government notes that the CIB has committed nearly $18 billion across more than 100 projects, representing more than $54 billion in total project value.

The SPA outlines proposed changes—subject to parliamentary approval—to increase the Bank’s capital envelope to $45 billion and broaden its investment mandates. It places priority on infrastructure that unlocks housing supply, supports trade diversification and northern development, and advances Indigenous participation in infrastructure projects, while calling for closer alignment with new federal infrastructure funds and partner departments.