Jim Keohane has been appointed president and CEO of the Healthcare of Ontario Pension Plan (HOOPP). Keohane will assume the duties at the beginning of 2012, following current CEO John Crocker’s planned December retirement.

Keohane, currently HOOPP’s CIO and senior vice-president of investments, has led the pension plan’s transition to the adoption of a liability driven investment strategy, designed to enable HOOPP to maintain its fully funded status. Through the efforts of Keohane and HOOPP’s in-house investment team, the fund has averaged returns of 6.28% over the 10-year period ending Dec. 31, 2010, adding more than $17 billion to the fund.

As HOOPP’s CEO for the past decade, Crocker’s accomplishments include the modernization of the plan’s investment and administrative systems and the development of a client-focused culture that saw HOOPP recognized in 2010 with the Canada’s 10 Most Admired Corporate Cultures award. He has also advocated for the DB plan model as the most cost-efficient and effective way to deliver adequate retirement income.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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