Stephen McLennan has been appointed chief investment officer-asset allocation at Ontario Teachers' Pension Plan Board, Toronto, while Gillian Brown was named chief investment officer-public and private investments, effective immediately.
Both are newly established roles that will report to Jo Taylor, president and CEO of OTPP, said a Jan. 12 news release.
McLennan had been serving as acting head of investments since September 2023 following the departure of Ziad Hindo, the former chief investment officer.
In his new role, McLennan will oversee OTPP's overall asset mix to "drive total fund performance, management of portfolio risks, and approach to strong governance and investment practices," the release noted.
In her new role, Brown will be "accountable for the execution and management of investments across public and private markets through Ontario Teachers' equities, infrastructure and natural resources, teachers' venture growth, capital markets and real estate investment departments," the release stated.
Brown most recently served as head of the capital markets department since 2018.
A spokesperson for OTPP said that Brown will continue to lead capital markets for the time being.
OTPP had net assets of C$249.8 billion ($188.4 billion) as of June 30.