Teachers' plans Asian regional office in Hong Kong
The Ontario Teachers' Pension Plan 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," says president and chief executive Jim Leech.
The office would open in 2013 and be staffed by local and Canadian equities staff from the fund's private capital and public equities departments.
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 CAD117.1bn in assets as of 31 December 2011, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organisation, it invests the pension fund's assets and administers the pensions of 300,000 active and retired teachers in Ontario.
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