The Ontario Municipal Employees Retirement System is naming Annesley Wallace as its new chief pension officer. Wallace has been with the OMERS pension services team for about two years, before which she was a managing director at OMERS Infrastructure. She also currently sits on the boards of Infrastructure Ontario, Bruce Power and Alectra Utilities. Read: OMERS […]
Ron Mock, who recently retired as the president and chief executive officer of the Ontario Teachers’ Pension Plan, has been appointed a senior fellow of the C.D. Howe Institute. “Ron has had an extraordinary career, culminating in his leadership of one of Canada’s standout pension successes,” said William Robson, president and CEO of C.D. Howe, in […]
In the investment space, readers were focused on the moves of the big public pension funds and real estate investment in 2019, with the top three most-read stories tackling those topics. Benefits Canada rounds up the industry’s favourite investment stories of the year: 1. Canadian DB plans return median 1.7 per cent in Q3 2. Hugh O’Reilly stepping down from OPTrust 3. OPTrust partners […]
The Ontario Municipal Employees Retirement System is appointing Blake Hutcheson as its new chief executive officer, effective June 1, 2020. Hutcheson, who is currently OMERS’ president and chief pension officer, will succeed current CEO Michael Latimer, who is retiring after two decades at the pension fund and six years at its helm. Read: Michael Sabia to step down as […]
OMERS Ventures, the venture capital investing arm of the Ontario Municipal Employees Retirement System, has hired former Uber Technologies Inc. executive Jambu Palaniappan to join its London office as a managing partner. Palaniappan joined Uber in 2012 and led its expansion into the Europe, Middle East and Africa regions before being named the general manager […]
Morneau Shepell Ltd. is appointing Neil King as executive vice-president and president of LifeWorks, effective Jan. 1, 2020, as Rita Fridella retires at the end of 2019. In the role, King will also take direct responsibility for all of sales and marketing activities for LifeWorks, a group that currently reports to Jamie True. True will […]
The University Pension Plan is appointing Gale Rubenstein as the inaugural chair of its board of trustees. The UPP will be the province’s first jointly sponsored defined benefit plan for Ontario’s university sector on its official registration date of Jan. 1, 2020. The plan will involve sponsorship from the University of Toronto, University of Guelph […]
Digital mental-health platform Snapclarity is appointing Karen Adams as its chief commercial and health innovation officer. Previously, Adams was president of Cira Health Solutions and executive vice-president of marketing and business development at Morneau Shepell Ltd. “Karen brings deep expertise in mental health and wellness and an understanding of how to scale a rapidly growing company that’s […]
Michael Sabia, president and chief executive officer of the Caisse de dépôt et placement du Québec, is stepping down from the role in February 2020. During Sabia’s 11 years as head of the Caisse, its investments have yielded a 9.9 per cent average return, with a heavy focus on the diversification and globalization of its assets. “Leading CDPQ […]
The Public Sector Pension Investment Board and Aviva Investors are teaming up to invest £250 million in a commercial property in Cambridge, U.K. The agreement marks the second time the two organizations have teamed up on a real estate investment. In 2015, they invested in a portfolio of commercial properties in central London, currently valued at more than £400 million. […]