The Healthcare of Ontario Pension Plan (HOOPP) has announced that Jim Keohane will become HOOPP’s new President & CEO at the beginning of 2012, following current CEO John Crocker’s planned retirement, which takes place at the end of December. Keohane, who is currently HOOPP’s CIO and Senior VP, Investments, was behind the fund’s transition to a liability-driven investment strategy. He has also headed up an in-house investment team that has averaged returns of 6.28% over the past decade, adding more than $17 billion to the HOOPP Fund.
Mr. Crocker has been HOOPP’s CEO for the last decade. He is credited with modernizing of HOOPP’s investment and administrative systems and the development of a client-focused culture. He has also been an outspoken advocate for the defined benefit pension plan model, which he sees as the most cost-efficient and effective way to deliver adequate retirement income.