Pierre Cherki was appointed executive managing director-real estate at Ontario Teachers' Pension Plan, Toronto.
In this newly created position, Cherki will oversee OTPP's in-house global real estate asset group which will be formally established on Jan. 1, said a Dec. 5 release.
OTPP's global real estate investing team will comprise nearly 40 investment professionals located in Toronto, London, Singapore, Dallas and São Paulo. The Toronto-based Cherki, who will start Jan. 22, and his team will manage assets valued at C$29.3 billion ($22.1 billion) as of June 30.
On June 12, OTPP said it was bringing the investment team of subsidiary Cadillac Fairview in-house to align the group with OTPP's other investment departments.
Cherki most recently served as co-head of the investment group and global head of alternatives at German asset manager DWS Group. DWS could not be immediately reached for further details.
OTPP had total net assets of C$249.8 billion as of June 30.
