TORONTO, July 16 /CNW/ - The Ontario Teachers' Pension Plan (Teachers')
has announced the promotions of seven executives in the Investment division.
The appointments include: Stephen Dowd, Senior Vice-President, Infrastructure;
Ron Mock, Senior Vice-President, Alternative Investments; Jason Chang,
Vice-President, Fixed Income Capital Management; Kevin Kerr, Vice-President,
Infrastructure; and Andrew Claerhout, Shael Dolman and Glen Silvestri to
Vice-President, Teachers' Private Capital.
"These appointments reflect Teachers' tradition of cultivating its talent
internally and promoting from within," said Neil Petroff, Group Senior
Vice-President, Investments. "As a long-term investor, we are focused on
fostering the strength of the fund into the future. The breadth of experience
they each bring to their roles will enable us to continue to build on
Teachers' innovative approach to investment management."
He added that Teachers' produced $2.3 billion in value added above the
fund's benchmark in 2007 and more than $5 billion over the benchmark in the
last two years.
Mr. Dowd oversees Teachers' global infrastructure and timber portfolio,
which includes utilities, power generation facilities, airports, toll roads,
marine container terminals and timberlands. Mr. Dowd joined Teachers' in
January 2006 with almost 20 years' international experience in banking and the
energy and utilities sectors in Europe, North America and Latin America. He
holds a BA from Princeton University and an MBA from The Amos Tuck School of
Business at Dartmouth College and is a graduate of the Institute of Corporate
Mr. Mock is responsible for Teachers' global hedge fund portfolio. Mr.
Mock joined Teachers' in 2001 as Director, Alternative Investments and was
most recently Vice-President, Alternative Investments. He has 22 years of
international experience in investments and finance. Mr. Mock holds a B.A.Sc.
in Electrical Engineering from the University of Toronto and an MBA from York
Mr. Chang's responsibilities include the fund's fixed income nominal bond
index, money market, real return debt and global liquid yield curve arbitrage
portfolios. Since joining Teachers' in 1995, he has held progressively more
senior positions, most recently as Director, Fixed Income. Mr. Chang holds an
HBA from the Richard Ivey School of Business at the University of Western
Ontario and is a CFA charterholder.
Mr. Kerr is responsible for infrastructure and timberland transactions
internationally. He joined Teachers' in 1998 and has held positions of
increasing responsibility in inflation-sensitive portfolios. He began his
career at Deloitte and Touche LLP. A Chartered Accountant, he holds a B.Comm.
from Carleton University and is a CFA charterholder.
Mr. Claerhout is responsible for the pension fund's private equity
investments in Europe, the Middle East and Africa and is also head of
Teachers' Private Capital's London office. He joined Teachers' in 2005 from
EdgeStone Capital Partners. He received an HBA from the Richard Ivey School of
Business at the University of Western Ontario.
Mr. Dolman oversees Teachers' private equity investments in the business
services and diversified industrial sectors. He joined Teachers' in 1997 with
a background in corporate banking. He received a BA from the University of
Western Ontario and an MBA from McGill University, and is a graduate of the
Institute of Corporate Directors.
Mr. Silvestri leads the fund's private equity transaction activities in
the telecom, media and technology sectors. He joined Teachers' in 2001 with a
background in mergers and acquisitions and finance. A Chartered Accountant, he
earned a BA from the University of Western Ontario.
With $108.5 billion in net assets as of December 31, 2007, the Ontario
Teachers' Pension Plan is the largest single-profession pension plan in
Canada. An independent organization, it invests the pension fund's assets and
administers the pensions of 278,000 active and retired teachers in Ontario.
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