The Ontario Teachers’ Pension Plan is appointing Karen Frank as senior managing director of equities.
Based in the pension fund’s London office, she’ll take on the new role in fall of 2020.
“Equities is an integral part of Ontario Teachers’ asset mix, contributing significantly to our ability to deliver on the pension promise to our members,” said Ziad Hindo, chief investment officer, in a press release. “Karen brings to the role significant leadership skills, diverse thinking and in-depth knowledge of global markets that will help us continue to scale our business internationally and build on our track record of success.”
Frank joins the Ontario Teachers’ from Barclays, where she’s been chief executive officer at Barclays Private Bank since 2016. She was previously a managing director of investment banking at Goldman Sachs.
In the new role, Frank will succeed the pension fund’s current head of equities Jane Rowe, who will take on the new role of vice-chair of investments as of Oct. 1, 2020.