Hugh O’Reilly stepping down from OPTrust

Hugh O’Reilly has resigned as president and chief executive officer of the OPSEU Pension Trust, effective immediately.

According to a release from the pension fund, O’Reilly is leaving to pursue other interests after leading the OPTrust for four years. During his tenure, he helped implement member-driven investing, as well as supervising the launch of OPTrust Select, a new defined benefit plan aimed at the broader public sector and non-profit organizations without DB plans of their own.

Read: OPTrust launching new defined benefit pension plan

During the board’s search for a new permanent president and chief executive officer, Doug Michael, the plan’s chief financial officer, will serve in the role. Michael has been with OPTrust for more than nine years and has been its CFO since 2015.