"Ontario Teachers’ net assets at $191.1 billion at year-end 2018." Bill also started the Mercer Investment Consulting practice. A liability-driven investment or investing is primarily slated toward gaining enough assets to cover all present and future liabilities. He is a Fellow of the Institute of Chartered Accountants (FCA), a CFA charter-holder and is certified by the Institute of Corporate Directors. In 2009 she received the World of Difference Award from the International Alliance for Women. The Ontario Teachers' Pension Plan Board (Ontario Teachers') is the administrator of Canada's largest single-profession pension plan, with $204.7 billion in … He served as General Secretary of the Elementary Teachers' Federation of Ontario from 1998 until his retirement in 2013. "Career Opportunities." Prior to that, he was President of CIBC World Markets, and held a number of key leadership positions over a 24-year career at CIBC World Markets and Wood Gundy. Prior to BlackRock, Bill spent six years as Senior Vice-President, Quantitative Products at YMG Capital Management Inc. Transitional return for BR013207 - person authorised to represent, Melissa Jane Kennedy Ontario Teachers Pension Plan Board, 5650 Yonge Street Ontario M2M 4HS Canada This document is not available online but it may be possible to order a copy from the … OTPPB has also achieved success by maintaining a board that has avoided political concerns that have often struck other public pension institutions. Finally, OTPPB’s version of the Canadian Model includes executive pay that is out of scale with its counterparts in the United States. In 2014, 2015 and 2016 she was selected as one of Canada's Top 100 Most Powerful Women by WXN, and was inducted into their Hall of Fame in 2017. Detailed information on the Board's responsibilities, plan governance and controls, enterprise risk management, executive compensation, transparent reporting and audit integrity is available in the Plan Governance section of our annual report . "Measuring Impact of Canadian Pension Funds," Page 4. Steve McGirr was Senior Executive Vice-President and Chief Risk Officer of CIBC until 2007. Bill Chinery was CEO of BlackRock Asset Management Canada until early 2013. Healthcare of Ontario Pension Plan. Ontario Teachers' also invests the plan's pension fund, and it is one of the world’s largest institutional investors. The independent organization was founded in 1990 to manage and administer the Ontario Teachers' Pension Plan (Teachers' for short), which serves some 295,000 current and retired teachers and their families. Accessed Feb. 12, 2020. Accessed Feb. 12, 2020. Ontario Teachers Pension Plan Board 13F annual report Ontario Teachers Pension Plan Board is an investment fund managing more than $4.67 billion ran by Rossana Lieto. A pension plan is a retirement plan that requires an employer to make contributions into a pool of funds set aside for a worker's future benefit. During his career, he was an active participant on the Ontario Teachers' Federation Executive and on its Board of Governors. "Investment Strategy." Top 10 Stocks Held By Ontario Teachers Pension Plan Board By Holdings Channel Staff, updated Thursday, December 24, 8:11 AM from the University of Toronto. Release Summary. ONTARIO TEACHERS' PENSION PLAN BOARD - Free company information from Companies House including registered office address, filing history, accounts, annual … These include white papers, government data, original reporting, and interviews with industry experts. Patti is Vice Chair of the Ontario Pension Board. Accessed Feb. 11, 2020. In 2004 Steve received the Distinguished Service Award from the Province of Saskatchewan in recognition of his outstanding contributions to numerous public projects. Bill holds a BMath from the University of Waterloo, is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries, and holds the Institute of Corporate Directors designation (ICD.D). A significant part of OTPPB's mandate at its inception was to create a more sophisticated and diversified investment regime. At the same time, the plan’s obligations to current and future retirees require it to maintain a conservative approach to risk. Airports currently under active management by the London-based team include Birmingham, Bristol, Brussels, Copenhagen and the recently acquired London City. It is an independent organisation that invests the pension fund’s assets and administers the pensions of 303,000 active and retired teachers in Ontario. Lise sits on the board of Desjardins Financial Security and is a member of the Technology Committee on the board of l'Université de Montréal. Gene Lewis started his career as an elementary school teacher in Ontario and was later appointed principal. We also reference original research from other reputable publishers where appropriate. George Lewis enjoyed a thirty-year career as a professional and executive leader with RBC, one of Canada's largest financial institutions, before retiring in 2016 to focus on serving as a corporate director. Ontario Teachers' Pension Plan. Patti Croft has extensive expertise in global macroeconomics and the financial sector. Accessed Feb. 12, 2020. Ontario Teachers' Pension Plan. John holds a B.Comm. "Population and Dwelling Count Highlight Tables, 2016 Census." Ontario Teachers' Pension Plan is Canada's profession pension plan set up by its two sponsors, the Ontario government and Ontario Teachers' Federation. Cathy’s prior business experience includes executive roles as Head of Investor Relations, CFO of the Bank's Wealth Management business, VP of Integrated Risk Management, as well as senior roles in capital markets and corporate banking. Accessed Feb. 12, 2020. OTPPB executive pay is competitive with Bay Street, the investment community in Toronto, and is structured to reward long-term returns. Pension managers in the United States, for comparison, tend to receive compensation far below the norms of Wall Street.. "The Value of A Good Pension," Pages 4, 55. The Ontario Teachers’ Pension Plan Board oversees the retirement plan that was established for the benefit of public school teachers in Ontario., The Ontario Teachers’ Pension Plan Board (OTPPB) administers the defined benefit plan shared by teachers at public schools in Ontario, the most populous province in Canada. The board was established in 1990 and has since become one of the largest investment funds in Canada. , As of the beginning of 2020, the pension plan held approximately CA$191 billion in investments. Kathleen is past chair of both St Joseph's Health Centre Foundation and St. Joseph's Health Centre in Toronto and served on the board of Cadillac Fairview until early 2017. ABOUT ONTARIO TEACHERS’ The Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is the administrator of Canada’s largest single-profession pension plan, with $207.4 billion in net assets (all figures at December 31, 2019). They are drawn from the fields of business management, finance, investment management, actuarial science, economics, education and … A 403(b) plan is similar to a 401(k) but is designed for certain employees of public schools and tax-exempt organizations among other differences. This often means that the board will enter into deals directly rather than use a private equity firm as an intermediary. Ontario Teachers' Pension Plan. George serves on the board of Legal & General Group plc, the AOG Group, a private Europe-based company, and two not-for-profit organizations, the Canadian Film Centre and the Anglican Diocese of Toronto Foundation. With $204.7 billion in net assets as of June 30, 2020, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. Statistics Canada. The Ontario Teachers' Pension Plan Board (French: Régime de retraite des enseignantes et des enseignants de l'Ontario) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. 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. She is a technology expert with a global perspective in marketing and revenue management and e-commerce. The Ontario Teachers’ Pension Plan Board (OTPPB) administers the defined benefit plan shared by teachers at public schools in Ontario, the most … in Mathematics from l'Université de Montréal and completed graduate studies in Business Administration at Hautes Études Commerciales (HEC) in Montreal. SINGAPORE--(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. When it comes to investing, the Ontario Teachers' Pension Plan Board gets top marks. Lise Fournel was Senior Vice-President and Chief Information Officer at Air Canada until early 2017. "Compensation and Benefits Managers." He is a graduate of the Institute of Corporate Directors and holds a Master of Education from Western University. Ontario Teachers' Pension Plan Board provides pension services for teachers. "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). An independent organization, it invests the pension fund's assets and administers the pensions of 329,000 active and retired teachers in Ontario. Accessed Feb. 12, 2020. "About Private Capital." Accessed Feb. 12, 2020. Steve is currently a member of the Queen's University Cabinet and Senior Advisor to Lazard Canada Inc. Ontario Teachers' Pension Plan. "Plan Governance." Accessed Feb. 11, 2020. Gene also previously served as President of the Ontario Public School Teachers' Federation. He has an MPA and BA (Hons) from Queen's University. The Ontario Teachers' Pension Plan Board (Ontario Teachers') is the administrator of Canada's largest single-profession pension plan, with C$204.7 … Kathleen O'Neill is an experienced corporate director, and is currently on the boards of Finning International Inc. and ARC Resources Ltd. She was Executive Vice President, Personal & Commercial Development and Head of Small Business Banking at BMO Bank of Montreal until January 2005, and a partner at PricewaterhouseCoopers prior to that. Board members have tended to come from finance backgrounds rather than political or public service. Large funds in the United States, by contrast, tend to have boards drawn from a wider range of backgrounds, often leading to conflicts in oversight. (Honours) from the University of Manitoba and holds the Institute of Corporate Directors designation (ICD.D). Board Members Experience, expertise and professionalism Board members have extensive experience in a wide range of disciplines required to oversee a complex pension plan. Ontario Airports Investments (OAIL) is a wholly-controlled subsidiary of Ontario Teachers’ Pension Plan that manages and oversees its airport investments across Europe. You can learn more about the standards we follow in producing accurate, unbiased content in our. With C$171 billion ($131 billion) in assets, OTPP is the largest single-profession pension plan in Canada. *By clicking this link you will be leaving the Ontario Teachers' Pension Plan site and going to a third party site. Kathleen is on the Ontario Advisory Council for the Institute of Corporate Directors (ICD) and is a frequent instructor and examiner for the ICD. Steve has served as a director of two public companies: TrustMark Auto Group Inc. and First Caribbean International Bank, as well as private companies including CIBC Offshore Banking Services Corporation (Barbados), CIBC Offshore Services Inc. and CIBC World Markets Plc (UK). Patti holds a Bachelor's degree in Economics from the University of Toronto and the Institute of Corporate Directors designation (ICD.D). She is also a member of the Accounting Advisory Committee for the ICD and sits on CPA Canada's Corporate Oversight and Governance Advisory Board. The offers that appear in this table are from partnerships from which Investopedia receives compensation. They are drawn from the fields of business management, finance, investment management, actuarial science, economics, education and accounting. Patti has been the Chief Economist with RBC Global Asset Management; Phillips, Hager and North; Sceptre Investment Counsel and TD Canada Trust. The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation. She is a past director and founding member of Women in Capital Markets and past director of the International Foundation for Employee Benefit Plans, Canadian Medical Association Holdings Inc. and the Boilermakers' National Pension Plan Canada. Her prior Board experience includes Bank of Montreal (Barbados) Limited, Bank of Montreal Mortgage Corporation, BMO Trust Company, BMO InvestorLine, BMO Harris Investment Management Inc., and BMO Nesbitt Burns Financial Services Inc. Cathy obtained an MBA and B.Comm. from Queen's University, and an MA and PhD in Economics from Princeton University. OTPPB now manages a variety of assets, including international equities, commodities, natural resources, and real estate., OTPPB was an early pioneer in the development of a pension management style known as the Canadian Model. Other pension funds such as the Ontario Municipal Employees Retirement System (OMERS) have followed suit, and Canadian plans have achieved a global reputation as leaders in effective and responsible management. The OTPPB describes the pillars of this system as independence, strong internal governance starting with board members, direct investment and a focus on retaining talent., In practice, the first step in this innovation was to bring investment management almost entirely in-house. Ms. Forbes was previously the Global Chief Analytics Officer for Manulife. Managing investments directly allows OTPPB to keep costs low and to keep to a long-term approach that can conflict with the investment strategies of non-pension funds.. John also sits on the investment committee of the Canadian Medical Protective Association. He is an adjunct professor at Queen's University, as well as a visiting scholar and adviser at the International Monetary Fund. Ontario Teachers' Pension Plan. There are currently 350 companies in Mrs. Lieto’s portfolio. That site may have legal and privacy policies that are different from those of the Ontario Teachers' Pension Plan. She has also served on a number of not-for-profit boards, including Tourisme Montréal, CIREM and Musée Pointe-à-Callière, and is involved with the Canadian Muscular Dystrophy Association. ONTARIO TEACHERS PENSION PLAN BOARD 1700480 ONTARIO INC OTPP Environmental … Lise earned a B.Sc. She holds an Honours Bachelor of Mathematics degree from the University of Waterloo. He also lectured at Princeton University. John joined the Bank of Canada in 1980 and held progressively senior roles in his 34-year career. As Chief Analytics Officer, she built the team that uses predictive modelling and machine learning to drive value for the company. Kathleen is a chartered accountant (CPA), a Fellow of the Institute of Chartered Accountants of Ontario (FCPA), and holds the Institute of Corporate Directors designation (ICD.D). The pension board oversees investment assets of nearly $200 billion, serving the needs of more than 300,000 retirees and employees. Ontario Teachers' Pension Plan. Cathy is a former Treasurer of BMO Financial Group (BMO), where she was a senior executive with 32 years of experience. ONTARIO TEACHERS' PENSION PLAN BOARD - Free company information from Companies House including registered office address, filing history, accounts, annual … She earned a B.Comm. He started his career at Mercer where he had account responsibility for some of the largest pension plans in Canada. The Ontario Teachers’ Pension Plan Board oversees the retirement plan established for the benefit of public school teachers in Ontario. His previous board experience includes Enbridge Income Fund Holdings, Ontario Power Generation, Operation Springboard, the Centre for Addiction and Mental Health (CAMH), The Toronto Symphony Orchestra, and the Holland Bloorview Foundation. PDG has entered into definitive agreement for a new US$360M equity investment led by Ontario Teachers’ Pension Plan Board and Warburg Pincus Ontario Teachers Pension Plan Board Info: Size ($ in 1000's) At 09/30/2020: $6,515,689 At 06/30/2020: $4,996,704 Combined Holding Report Includes: ONTARIO TEACHERS PENSION PLAN BOARD 1700480 ONTARIO INC OTPP Environmental Services Trust 2605267 Ontario Ltd and M.Sc. Member, Audit & Actuarial and Governance Committees, Chair, Human Resources & Compensation Committee, Member, Audit & Actuarial and Operational Risk Committees, Member, Audit & Actuarial and Human Resources & Compensation Committees, Member, Audit & Actuarial, Human Resources & Compensation and Operational Risk Committees, Member, Governance and Human Resources & Compensation Committees, Vice-Chair, Benefit Adjudication Committee, Member, Human Resources & Compensation and Operational Risk Committees. The Ontario Teachers' Pension Plan is Canada's largest single-profession pension plan. She was previously also a board member at Invesco Canada Funds. Board oversight responsibilities are defined in the Mandate of the Ontario Teachers' Pension Plan Board. Understanding the Ontario Teachers' Pension Plan Board (OTPPB), How Withdrawal Credits for Pension Plans Work, Employee Benefits Security Administration (EBSA), Population and Dwelling Count Highlight Tables, 2016 Census, Measuring Impact of Canadian Pension Funds, Ontario Teachers’ net assets at $191.1 billion at year-end 2018. He is currently Chair of the Independent Review Committee for the Sun Life Investment Management Institutional Pooled Funds and is on the Advisory Committee of GreenSky Capital Inc. Cathy Cranston is an independent public company board Director for Toromont Industries Ltd. and sits on Toromont's Audit, and Nominating and Governance Committees. What Is the Ontario Teachers' Pension Plan Board? The largest investments include GFL Environmental and Azek Co Inc, together worth $1.6 billion. During his 13 years with BlackRock and its predecessor Barclays Global Investors, Bill was a Managing Director in both the Toronto and San Francisco offices with various responsibilities including heading the Latin America and the Americas Institutional Business. In a stock savings plan, certain Canadian provinces provide tax credits to residents who buy in on initial public offerings (IPOs) of local companies. He formerly served as Director and Investment Committee Chair of Wellspring, a cancer support network. In 2002, Gene was awarded the Queen's Golden Jubilee medal in recognition for his service to education. She was also President of Destina.ca. Ontario Teachers' Pension Plan. ONTARIO TEACHERS' PENSION PLAN BOARD - Free company information from Companies House including registered office address, filing history, accounts, annual … Its purpose is to secure the future for Ontario's teachers. The OTPPB manages a variety of assets, including international equities, bonds, commodities, and real estate. The Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is the administrator of Canada’s largest single-profession pension plan, with C$204.7 billion in net assets (all figures at June 30, 2020 unless noted). As a member of the Bank's Governing Council, he shared responsibility for decisions on monetary policy, financial system stability, and strategic direction. She is a Fellow of the Society of Actuaries and a Fellow of the Canadian Institute of Actuaries, and is the current Chairperson of the Board of Governors at University of Waterloo.
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