Ontario Teachers’ Expands Presence in Asia Pacific With New Singapore Office
20 Septiembre 2020 - 8:00PM
Business Wire
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) opens a
new office in Singapore today to enhance its existing capabilities
in the Asia Pacific (APAC) region.
Ontario Teachers’ already has more than 30 employees and
approximately $15 billion invested in APAC across public equity,
private equity and infrastructure (as of December 31, 2019) and the
new office is set to accelerate ambitions for the region.
“Expanding our presence in Asia is critical to our future
growth,” said Ben Chan, Regional Managing Director, Asia, who will
oversee operations for the Singapore office.
“Asia Pacific offers numerous emerging and developed markets
across two continents. Expanding our local capabilities will allow
us to further generate returns to deliver on our pension
promise.”
Infrastructure investing in Asia Pacific
The Singapore office will target investments across India,
Australia-New Zealand (ANZ), and the Association of Southeast Asian
Nations (ASEAN). Ontario Teachers’ Hong Kong office, established in
2013, will continue to focus on the north APAC geographies
including Greater China, South Korea and Japan.
Ontario Teachers’ Infrastructure and Natural Resources (INR)
team covering Asia Pacific, led by the recently hired Bruce Crane,
Managing Director, INR, APAC, will be based in the Singapore
office, given the proximity to the growth opportunities in India,
ASEAN and ANZ.
Ontario Teachers’ Equities team will also be expanding its
capability by having a team in the Singapore office to further
optimize its coverage of the India, ANZ and ASEAN markets. This
will include Private Capital Direct Investing and High Conviction
Equities, covering a spectrum of equity possibilities.
Innovative technology investing in Asia
The Hong Kong office has also recently expanded to include the
Teachers’ Innovation Platform (TIP) Asia team. TIP focuses on
late-stage venture and growth equity investments in companies that
use disruptive technology.
In addition to broadening its asset class and geographic reach
in APAC, Ontario Teachers’ is also adding a local senior member of
the Fund’s Global Strategic Relationships (GSR) department. This
individual will develop and cultivate key partnerships in the
region and assure that teams work across asset classes to enhance
deal flow and strategic positioning.
“I’m excited to add new asset classes and broaden our pool of
expertise across Asia Pacific,” said Mr. Chan. “In particular, I’m
delighted to welcome Bruce to the team – he brings an exceptional
depth of expertise in direct investments along with an acute
understanding of the region.
“We look forward to growing our team in the coming months and
see this as a great opportunity to attract new regional talent as
well as bring in existing global talent.”
The Singapore office is in the city’s Central Business District
at Asia Square Tower 2.
About Ontario Teachers’
The Ontario Teachers' Pension Plan Board (Ontario Teachers') is
the administrator of Canada's largest single-profession pension
plan, with $204.7 billion in net assets (all figures at June 30,
2020 unless noted). It holds a diverse global portfolio of assets,
approximately 80% of which is managed in-house, and has earned an
annual total-fund net return of 9.5% since the plan's founding in
1990. Ontario Teachers' is an independent organization
headquartered in Toronto. Its Asia-Pacific regional offices are in
Hong Kong and Singapore, and its Europe, Middle East & Africa
region office is in London. The defined-benefit plan, which is
fully funded as at January 1, 2020, invests and administers the
pensions of the province of Ontario's 329,000 active and retired
teachers. For more information, visit otpp.com and follow us on
Twitter @OtppInfo.
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version on businesswire.com: https://www.businesswire.com/news/home/20200920005063/en/
For Ontario Teachers’: Hugh Christopher
hugh_christopher@otpp.com +1 416-844-7463
Daniel Del Re otpp_asia@kekstcnc.com + 852 9212 3105