Ziad Hindo will step down as chief investment officer of Ontario Teachers' Pension Plan, Toronto, effective Dec. 31, after 23 years at the firm.
Hindo has served as CIO for the past five years, OTPP said in a Sept. 19 release.
Stephen McLennan, currently executive managing director of OTPP's total fund management department, has been appointed acting head of investments, effective immediately.
In this role, McLennan, who joined OTPP in 2003, "will provide leadership across Ontario Teachers' investments activities," the release noted.
McLennan and Hindo will "work closely together to manage a smooth transition" of investment division leadership responsibilities over the coming weeks. Thereafter, Hindo will serve as an adviser to Jo Taylor, CEO of OTPP.
OTPP had net assets of C$249.8 billion ($188.4 billion) as of June 30.
OTPP could not be immediately reached for further details.
