Teachers’ plans office in Hong Kong

Ontario Teachers’ Pension Plan (Teachers’) is in the preliminary planning stages of opening an Asian regional office in Hong Kong.

“Given the global nature of our business and the increasing importance of the Asian region to our fund, it is logical that we have a location there,” said president and CEO Jim Leech.

The office will be staffed by local and Canadian equities employees from the fund’s private capital and public equities departments. All plans remain tentative for opening the office in 2013.

This office would be the fund’s second major regional office. Teachers’ European, Middle East and Africa regions’ private capital office opened in London in 2007.