Neil Petroff, executive vice president and chief investment officer of the C$141 billion ($112 billion) Ontario Teachers' Pension Plan, Toronto, will retire on June 1, the pension plan announced Monday.
A search for a successor will include both internal and external candidates, the plan said in a news release.
Mr. Petroff has been at OTPP since 1993 and was responsible for managing international equity indexes, fixed income, foreign exchange, commodities, tactical asset allocation and alternative investment portfolios before taking on his current CIO role, according to OTPP's website.
He was named senior vice president in 2008 and became executive vice president and CIO in 2009.
Mr. Petroff said in the news release that he and Ron Mock, pension plan president and CEO, had been working for several months on a new investment strategy. “This is the ideal time for my retirement, and for the next generation of investment professionals to move our new strategy forward," he said.
