Employees at a seniors’ residence in Hamilton, Ont., are asking the facility’s owner, the Ontario Teachers’ Pension Plan, to provide them with better pay and a pension. The staff at Amica Dundas, which include registered practical nurses, personal support workers, as well as dietary and custodial staff, currently have no pension plan and lower wages compared […]
The Ontario Teachers’ Pension Plan is taking part in a US$1 billion investment round, led by global technology investor Silver Lake, into Verily, a business owned by Alphabet Inc. Verily’s business involves research and engineering pertaining to improving health-care outcomes. The investment will add to Verily’s capacity to develop strategic partnerships, global business development opportunities and […]
The Ontario Teachers’ Pension Plan is appointing Steve McGirr as its new chair beginning January 2019. McGirr will replace Jean Turmel, the current chair, whose term expires at the end of the year. Serving as a board member since 2015, McGirr is currently chair of the governance committee, vice-chair of the investment committee and a […]
The Ontario Teachers’ Pension Plan is entering into a partnership with Fleet Complete, a Toronto-based software company in the vehicle space. The company provides GPS tracking solutions for enterprises using multiple vehicles for shipping, delivery and transportation in order to optimize efficiency. The Ontario Teachers’ is purchasing private equity in the company from current shareholder Madison Dearborn […]
The Ontario Teachers’ Pension Plan is making three changes to its team through internal promotions. Steve Saldanha will be managing director of portfolio management and asset allocation. He joined the pension fund in 2006 and was previously director of global tactical asset allocation for the capital markets team. Jacky Lee will be managing director of portfolio analytics and […]
Three new senior appointments at the Ontario Teachers’ Pension Plan include new roles for Gillian Brown, Danilo Simonelli and Saurabh Rastogi. Brown will lead the pension fund’s capital markets group as senior managing director. The team manages total fund exposure to a number of asset classes, including equity, fixed income, credit and inflation sensitive. Since joining the Ontario Teachers’ in 1995, Brown has […]
Following a recapitalization led by the Ontario Teachers’ Pension Plan and BC Partners, GFL Environmental Inc. is merging with Waste Industries. The two companies will form an entity valued at approximately $3.65 billion, with the transaction set to close in the last quarter of 2018. When combined the companies will operate environmental services and waste […]
The Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan are among the investors teaming up to invest in a 309-kilometre toll road in Mexico. Details of the deal include IDEAL retaining a 51 per cent ownership of the highway’s concessionaire, the Guadalajara-Tepic, S.A. de C.V. with the CPPIB and the Ontario Teachers’ taking a 29 and […]
The Ontario Teachers’ Pension Plan has named Steve Buck as its new managing director of technology infrastructure. In the role, Buck will be responsible for developing and implementing the strategy, operation and ongoing improvement of the pension fund’s technology infrastructure. With more than 25 years of experience, Buck was most recently vice-president of infrastructure operations at […]
The Ontario Teachers’ Pension Plan has made two new appointments to its executive team. Gillian Brown, who joined the pension fund in 1995, is senior managing director of capital markets. Her previous roles at Ontario Teachers’ include equity trader, portfolio manager and managing director of insurance linked, credit and equity products. Read: OTPP posts 3.2% return for first […]