The OPSEU Pension Trust is appointing Peter Lindley as its president and chief executive officer, effective Sept. 16, 2019.
“Peter Lindley brings deep experience in investing to this role and the board is pleased to have someone of his expertise and calibre join OPTrust,” said Michael Grimaldi, chair of the OPTrust board of trustees, in a press release. “As a pension management organization, we exist to serve our members, and we are confident our members will continue to be in excellent hands under Peter’s leadership.”
With more than 30 years of experience in the financial services industry, Lindley was most recently the president and head of investments at State Street Global Advisors Ltd., where he was responsible for the Canadian business strategy and $50 billion in assets under management. Prior to that role, he held senior roles at Deutsche Bank and CIBC World Markets.
“I’m delighted to join an organization that creates retirement security for so many people and I look forward to building on OPTrust’s legacy of delivering excellent results for the plan’s members,” said Lindley.
The appointment follows Hugh O’Reilly’s resignation from the role in March 2019.
In other news, the Ontario Teachers’ Pension Plan’s chief operating officer of enterprise operations is moving to a new role at the United Nations Joint Staff Pension Fund.
Rosemarie McClean will become chief executive officer of the pension fund, effective Jan. 1, 2020.
Since joining the Ontario Teachers’ in 1986, McClean has gradually taken on more responsibility, including shaping the plan’s member services strategies, introducing programs and efficiencies that have netted awards and contributing to the pension plan’s technology foundation.
“I have been very fortunate to spend the majority of my career at such a great organization as Ontario Teachers’. The people here are truly exceptional,” said McClean, in a press release. “It has been an honour working with such dedicated teams, who come to work each day with the clear mission of providing excellent service and retirement security to teachers in the province of Ontario.”
Ron Mock, the Ontario Teachers’ retiring president and CEO, said McClean’s influence has been felt throughout the plan. “In addition to being enormously smart and capable, Rosemarie is a genuinely caring person who has always put our members first. We are thrilled for her as she embarks on this very exciting and impactful next phase of her career.”
The UN Joint Staff Pension Fund has more than 71,000 retirees and more than 126,000 active participants across 190 countries and territories. It has US$50 billion in accumulated resources.
This article originally appeared in two parts on CIR’s companion site, Benefitscanada.com. Read the full story here and here.