The C$34 billion (US $22.7 billion) Ontario Municipal Employees Retirement System, Toronto, is searching for a president and chief executive officer.
Dale Richmond announced this week he will retire from those posts by the end of the year.
Spencer Stuart, Toronto, was hired to conduct the search; there is no timetable.
The job includes responsibility for both investments and administration. The CEO and president reports to the OMERS board, which is appointed by the government of Ontario.
Mr. Richmond was CEO and president for 10 years. During his tenure, the fund's assets more than doubled and the fund ventured into such new asset classes as private equity, real return bonds and infrastructure investments.
According to an ad for the job in today's Toronto Globe & Mail, the successful candidate will have experience with complex issues in an executive position or in a government capacity with an organization having multiple stakeholders. A background with sound financial acumen is important, as is experience working with a board.
Candidates preferably will have had first-hand exposure to both the operations and policy side of the public sector and ideally will have worked in the private sector.
Anyone interested in the job should contact Jerry Bliley or Andrew MacDougall from Spencer Stuart at (416) 361-0311.