Pension Funds

Ontario Municipal taps CPPIB exec as managing director for platform investments team

Mark Shulgan was named managing director at Ontario Municipal Employees' Retirement System, Toronto, confirmed Neil Hrab, spokesman for the C$95 billion ($72.8 billion) retirement system.

The position is new. Mr. Shulgan will be part of OMERS' platform investments team, where he will be responsible for building relationships with private high-growth companies. He will report to John Ruffolo, CEO of OMERS Ventures, the venture capital investment arm of the retirement system.

Mr. Shulgan was co-founder and head of the thematic Investing team at the C$366.6 billion Canada Pension Plan Investment Board, Toronto, which was responsible for investing in high-growth companies. It could not be learned if he was replaced; CPPIB spokesman Darryl Konynenbelt could not be immediately reached for comment.