The Ontario Municipal Employees Retirement System has appointed Paul Brundage as deputy chair of investments, effective Oct. 1.

Previously, he was executive vice-president of Europe and Asia at the pension fund’s real estate arm Oxford Properties Group. As part of the transition, Joanne McNamara and David Matheson are being promoted to executive vice-presidents of Europe and Asia Pacific, assuming overall responsibility for Oxford’s European and Asia Pacific businesses.

Brundage joined the OMERS’ real estate business in 1998 and became a part of Oxford following its acquisition by the OMERS in 2001. He led asset management and operations for Oxford’s Canadian business before being tasked with launching the organization’s European business in 2008 and relocating to London.

Read: OMERS real estate arm investing $1B in British real estate

“Over the past year, we’ve worked to transition our global leadership team and our ability to promote from within demonstrates the depth of talent we have within our ranks,” said Michael Turner, president of Oxford Properties, in a press release. “David and Joanne have already made substantial contributions to our Asia Pacific and European businesses and are positioned to deliver upon the next phase of Oxford’s growth story.

“Paul’s impact on the Oxford business cannot be overstated. He has played a significant part in building not only our portfolio, but also our culture and developing the next generation of talent as demonstrated by Joanne and David’s promotions. The legacy of his leadership will be long felt and the whole of Oxford wishes him well as he returns to OMERS.”

Read: OMERS posts 11.9% return for 2019 led by public equities

 

 

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

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