Ontario Teachers’ ropes in OMERS Infra executive as first Singapore hire

Ontario Teachers’ Pension Plan Board (OTPP) has appointed former OMERS Infrastructure managing director Bruce Crane as its first Singapore-based employee to oversee infrastructure and natural resources investments in the Asia-Pacific.

The C$204.7 billion ($156 billion) fund, the administrator of Canada’s largest single-profession pension plan, announced the appointment on August 25 and said Crane will join the firm in the coming months.

Until recently, Crane was leading OMERS’s infrastructure-related efforts in Asia. He moved to Singapore for the role after the pension fund opened an office in the city-state in 2018.

During his stint at OMERS, the pension fund made its first infrastructure investment in India last year, acquiring a 22.4 per cent stake in IndInfravit Trust for $121 million.

Prior to OMERS Infrastructure, Crane spent 10 years with UBS and Morgan Stanley, providing investment banking advisory services.

Meanwhile, OMERS has appointed Prateek Maheshwari as its head of Asia for the infrastructure business, who will relocate to Singapore next year from London.

OTPP, whose APAC headquarters are located in Hong Kong, has previously evinced interest in opening more offices in the region. The pension fund was reportedly scouting for assets in locations including Australia, India and Singapore.

OTPP’s effective net investments in infrastructure as of June 30, 2020, were $16 billion, or 8 per cent of its total asset mix, compared to almost $17 billion by the end of last year, according to its August 25 announcement.

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.