Canadian pension fund Ontario Teachers’ opens Singapore office

Ontario, Canada. Photo by LinedPhoto on Unsplash

Canadian pension fund Ontario Teachers’ Pension Plan Board (OTPP) has officially opened its Singapore office to accelerate investments in India, Australia, New Zealand, and Southeast Asia.

The new office is located at Asia Square Tower 2 and will be overseen by Ben Chan, OTPP’s regional managing director for Asia, the fund said in a statement on Monday. “Expanding our presence in Asia is critical for our future growth,” Chan said in the statement.

The Singapore office marks OTPP’s second physical presence in the Asia Pacific (APAC) after it opened its regional headquarters in Hong Kong in 2013.

The new office will target investments across India, Australia-New Zealand (ANZ), and ASEAN, while the Hong Kong office will continue to focus on North Asia markets including Greater China, South Korea, and Japan.

Last month, the Canadian pension fund announced the appointment of Bruce Crane as its managing director to lead the APAC infrastructure and natural resources practice. Crane is the pension fund’s first Singapore-based staffer and joined OTPP from the Ontario Municipal Employees Retirement System (OMERS).

OTPP said it will expand the Singapore team to cover private capital direct investing and high-conviction equities.

In addition, the C$205 billion ($156 billion) fund has expanded its Hong Kong-based innovation platform team, which focuses on late-stage venture investments and growth equity investments in technology companies.

OTPP revealed that it is also adding a senior member of the fund’s global strategic relationships department in APAC. “The 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,” the Toronto-based fund said.

The OTPP fund had over 30 employees and around C$15 billion invested in APAC as of December 31, 2019. “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,” Chan said.

“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,” he added.

Since last year, OTPP has expressed its interest in having more offices across APAC.

Other Canadian pension plans, including OMERS and Canada Pension Plan Investment Board (CPPIB) are also ramping up their activities in the region.

OMERS has appointed new hires at its Singapore office which was opened in 2018. Meanwhile, CPPIB has deployed both fund commitments and direct investments in the region, and recently added former Temasek International executive Boon Sim to its board of directors.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.