Teachers' plans Asian regional office in Hong Kong

Nov 29, 2012, 10:30 ET from Ontario Teachers' Pension Plan

TORONTO, Nov. 29, 2012 /PRNewswire/ - Ontario Teachers' Pension Plan (Teachers') President and CEO Jim Leech today announced  that the organization is in the preliminary planning stages of opening an Asian regional office in Hong Kong.

"Given, the global nature of our business and the increasing importance of the Asian region to our fund, it is logical that we have a location there," explained Mr. Leech. The office would be staffed by local and Canadian equities staff from the fund's private capital and public equities departments. All plans remain tentative for opening the office in 2013.

This office would be the fund's second major regional office.  Teachers' European, Middle East and Africa regions private capital office opened in London in 2007.

With $117.1 billion in assets as of December 31, 2011, 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 300,000 active and retired teachers in Ontario. For more information visit www.otpp.com

SOURCE Ontario Teachers' Pension Plan