Timothy Hodgson, who had stepped down as a board member for the Ontario Teachers’ Pension Plan, Toronto, to run for public office, has won a parliamentary seat in the electoral district of Markham-Thornhill, a suburb of Toronto.
Hodgson’s victory in the April 28 election coincided with the election of Prime Minister Mark Carney under the banner of the Liberal Party of Canada.
Carney defeated Canadian Conservative Party leader Pierre Poilievre.
On his X account, on April 29, Hodgson thanked his constituents: “You chose unity, progress, and a Canada that works for everyone. To the donors, volunteers, campaign team, and my family, this win is yours too. The fight starts now. Let’s get to work.”
Hodgson succeeds incumbent Mary Ng, who was also a Liberal Party member.
According to data from Elections Canada. Hodgson won 54.3% of the votes cast in Markham-Thornhill, with his main challenger, Lionel Loganathan of the Conservative Party of Canada, coming in second with 41.9% of the votes. Smaller candidates accounted for the remaining votes.
Hodgson also served as the CEO of Goldman Sachs Canada from March 2005 through August 2010. From September 2010 through March 2012, he served as a special adviser to Carney, when the latter served as the governor of Bank of Canada.
Separately, OTPP said in a news release April 29 that the pension fund appointed Patti Croft to the board in an interim capacity from May 1 through Dec. 31. This reappointment follows the recent resignation of Hodgson.
“Ms. Croft’s return in an interim capacity will help ensure a seamless transition and continued expertise while the OTF (Ontario Teachers' Federation), one of the plan’s two sponsors, conducts a search for a permanent appointment,” OTPP said in the news release.
According to Croft’s LinkedIn page, she previously served as an OTPP board member from January 2016 to December 2024.
OTPP had $266.3 billion ($185.1 billion) in assets as of Dec. 31.
Officials at OTPP could not be immediately reached for further details.
