Tim Deacon is leaving his role as chief financial officer at the Ontario Teachers’ Pension Plan for a leadership role at another financial institution, effective April 5.

Effective April 8, Deacon will begin a new role as Sun Life Financial Inc.’s chief financial officer. He joined the Ontario Teachers’ in 2021, succeeding David McGraw after serving as group controller and global chief accounting officer at Manulife Financial Corp.

Read: Ontario Teachers’ making key appointments on investment team

“[Deacon] has made a very strong contribution in his time at Ontario Teachers’, overseeing impactful transformation initiatives within and beyond the finance division and serving as an experienced and accessible executive team member and leader to colleagues across our offices,” said Jo Taylor, the Ontario Teachers’ president and chief executive officer, in a press release. “We wish him well in the future.”

The Ontario Teachers’ said it will commence a process to appoint Deacon’s successor to ensure a smooth transition.

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