Industry veteran Stephen Griggs to become organization's first CEO
TORONTO, April 27 /CNW/ - The OPSEU Pension Trust (OPTrust) Board today
announced the appointment of Stephen J. Griggs to the newly-created
role of President and CEO, effective June 1, 2011. In this role, Mr.
Griggs will assume responsibility for leading OPTrust's integrated
administrative and investment operations.
Most recently, Mr. Griggs has been serving as Executive Director of the
Canadian Coalition for Good Governance, representing the interests of
leading Canadian pension plans and other institutional shareholders.
He has also been Chairman at Investeco Capital Corp.
Mr. Griggs brings a wealth of leadership experience in the financial
services industry to OPTrust. He served as President and CEO of Legg
Mason Canada and has been the Chief Operating Officer for two leading
Canadian mutual fund companies. Mr Griggs was a director of the
Investment Funds Institute of Canada for a number of years.
"We are delighted to have someone of Stephen Griggs's experience and
calibre join OPTrust as CEO," said Maurice Gabay, Chair of the OPTrust
Board of Trustees. "Stephen's demonstrated leadership and his
commitment to excellence in governance make him an ideal person to lead
In addition to his professional activities, Mr. Griggs is a dedicated
community leader. He serves on the boards of Healthy Minds Canada, the
Ontario Board of the Nature Conservancy of Canada, The Ojibway
Historical Preservation Society and the St. Patrick's Benevolent
Society of Toronto.
With assets of $13 billion, the OPSEU Pension Trust (OPTrust) invests
and manages one of Canada's largest pension funds and administers the
OPSEU Pension Plan, a defined benefit plan with approximately 82,000
members and retirees. OPTrust was established to give plan members and
the Government of Ontario an equal voice in the administration of the
Plan and the investment of its assets, through joint trusteeship.
OPTrust is governed by a 10-member Board of Trustees, five of whom are
appointed by OPSEU and five by the Government of Ontario.
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SOURCE OPSEU Pension Trust (OPTRUST)
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