British Columbia Investment Management Corp. plans to open an office in London.
BCIMC, which manages C$110 billion (US$99.7 billion) in pension and other provincial assets, will open the office to support its combined C$12.4 billion investments in U.K and European infrastructure, real estate, and public and private equity.
Decisions on who will run the new office or when it will open have not been finalized, said spokeswoman Gwen-Ann Chittenden.
BCIMC joins other Canadian pension funds and public fund managers with offices in London. The C$70 billion Alberta Investment Management Corp., Edmonton, announced in January it would open an office there. Others, including the C$201.5 billion Canada Pension Plan Investment Board, C$129.5 billion Ontario Teachers’ Pension Plan and C$65.1 billion Ontario Municipal Employees Retirement System, all of Toronto, previously established offices in London.