Luca Lupo will join OMERS Infrastructure as a managing director to lead its investment efforts in transportation and community infrastructure assets in Europe, a spokeswoman confirmed.
The position is new, and Mr. Lupo will start Nov. 21 in London.
OMERS Infrastructure — the infrastructure unit of Ontario Municipal Employees' Retirement System, Toronto — has five of its 12 assets in the transportation and community infrastructure sectors, the spokeswoman said. Mr. Lupo's appointment will help to drive further investment in these areas to help the firm reach its growth ambitions. The C$32 billion ($24.1 billion) firm aims to double its global assets under management in five years and to increase OMERS' allocation to infrastructure to 25% over the same period, a news release said. OMERS had C$119.5 billion in net assets as of June 30, with a 20% allocation to infrastructure, according to its interim report.
Mr. Lupo will report to Alastair Hall, senior managing director and head of Europe.
Mr. Lupo was a managing director on the transportation and infrastructure team at investment bank Morgan Stanley.