Jane Rowe was named head of Teachers' Private Capital, the private equity unit at Ontario Teachers' Pension Plan, Toronto.
Ms. Rowe, Scotiabank's executive vice president of special accounts management and retail credit risk, will join the C$96.4 billion (U.S. $98.4 billion) pension fund manager on Oct. 18, Ontario Teachers said in an internal memo. Teachers' Private Capital had $10 billion as of Dec. 31.
She replaces Erol Uzumeri, who left the pension plan in May and started his own money management firm.
Reporter Timothy Inklebarger contributed to this story.