Neil Petroff has been appointed to succeed Robert Bertram as executive vice-president, investments and chief investment officer at the Ontario Teachers’ Pension Plan.
Petroff, currently the pension fund’s group senior vice-president, investments, will take over Bertram’s job at the beginning of 2009. Bertram plans to retire at the end of the year. The official announcement was made Thursday.
“Bob brought a vision to Teachers’ that investment results could be delivered as well, or better, in-house,” says Teachers’ president and CEO Jim Leech. “His success has changed the way pension plans the world over now invest their funds.”
Prior to joining Teachers’ in 1990, Bertram spent 18 years at Telus, formerly Alberta Government Telephone. He was also the recipient of Benefits Canada’s Top 40 Money Managers Lifetime Achievement Award in 2006.
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Leech notes that Petroff’s appointment reflects Teachers’ tradition of cultivating its talent internally.
“We have always taken a comprehensive approach to succession,” Leech adds. “Over his career at Teachers’, Neil has served in progressively senior positions with broad exposure and management experience in a wide range of asset classes and investment products.”
Petroff has 25 years of experience in the financial industry, beginning his career in investing at Bank of Nova Scotia and continuing at Guaranty Trust and Royal Trustco. He joined Teachers’ in 1993 and has been a member of the executive management team for 13 years.
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