SEARCHES AND HIRES

Ontario’s electrical operator seeks consultant for pension plan

Independent Electricity System Operator, Toronto, is searching for an investment consultant for its C$520 million ($393 million) pension plan.

The selected consultant will assist in asset allocation decisions and in the selection of money managers by the IESO, a non-profit corporation that coordinates electrical service throughout Ontario.

The RFP is on IESO's website.

Proposals are due at 3 p.m. EST Feb. 22, according to the RFP. No selection date was set.

A spokeswoman for IESO would not identify the current consultant but said the firm can rebid.