Ontario Municipal Employees Retirement System, Toronto, promoted Ashish Goyal to executive vice-president and head of Asia-Pacific, according to a statement on Thursday.
Mr. Goyal will take up the position on April 1 and continue to be based in Singapore, the statement said. He is currently senior managing director for capital markets in Asia-Pacific. A spokesman said there was no further information on any replacement for Mr. Goyal's current role.
In his new position, he will be responsible for OMERS' strategic growth in APAC across various asset classes and establishing new relationships and partnerships.
He will report to incoming CIO Ralph Berg, who will also join on Apr. 1 following Satish Rai's transition to an advisory role before he retires next year.
Mr. Goyal has been with the pension fund since July 2019, and was previously head of emerging market equities at NN Investment Partners.
OMERS had C$124.2 billion ($91.7 billion) in net assets as of Dec. 31 and is one of Canada's largest defined benefit pension plans.
The fund aims to triple its investments in the APAC region by 2030 from the C$13 billion already deployed, Bloomberg reported in September.
