Ontario Teachers' Pension Plan Board, Toronto, has opened an office in Singapore to further enhance its Asia-Pacific capabilities.
The new office will be overseen by Ben Chan, regional managing director, Asia, a news release said.
OTPP, which had C$204.7 billion ($149.8 billion) in assets as of June 30, has more than 30 employees and about C$15 billion invested in the Asia-Pacific region across equities, private equity and infrastructure.
Ontario Teachers' infrastructure and natural resources team that covers the region and is led by Bruce Crane, managing director for infrastructure and natural resources, APAC, will be based in the Singapore office. An equities team — that includes oversight for private capital direct investing and high-conviction equities — will be based in the new office to further optimize the fund's coverage of India, Australia, New Zealand and ASEAN markets.
Investments across India, Australia, New Zealand and countries in the Association of Southeast Asian Nations will be targeted from the Singapore office. OTPP's Hong Kong office will continue to focus on north APAC countries, including Greater China, South Korea and Japan.
The expansion of OTPP's presence in Asia "is critical to our future growth," Mr. Chan said in the release. "Asia Pacific offers numerous emerging and developed markets across two continents. Expanding our local capabilities will allow us to further generate returns to deliver on our pension promise."
A spokesman could not immediately be reached for comment.