The Ontario Municipal Employees’ Retirement System venture capital arm is appointing Michael Yang as managing partner and head of ventures.

Yang joined OMERS Ventures in 2019 to launch its Silicon Valley office and more recently took on the role of leading ventures efforts across North America. In the new role, he’ll be responsible for leading OMERS Ventures’ investments and fund operations, while providing strategic oversight to the business.

He succeeds Damien Steel, who stepped down from the role to become chief executive officer of OMERS-backed green technology company Deep Sky Corp. Steel will remain a senior advisor to OMERS Ventures.

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