Michael Nobrega, president and CEO at OMERS since 2007, will retire from this position at the end of March 2014.
He will be succeeded by Michael Latimer, currently the chief investment officer of OMERS.
“Michael Nobrega has had a tremendous impact on OMERS while playing a highly influential role in shaping the pension landscape in Canada,” says George Cooke, chair of the board of the OMERS Administration Corporation.
Nobrega’s retirement is the final step in a succession planning process that began in 2010. The board has been working with OMERS management since that time in making preparations for his retirement through the development of internal talent.
Latimer has held the CIO role at OMERS since January 2010. Prior to becoming CIO, he was president and CEO of Oxford Properties Group, the real estate investment arm of OMERS. And before joining Oxford, Latimer was chief operating officer of Borealis Capital Corporation.