Ontario Teachers’ Pension Plan announced that its chief financial officer David McGraw will be retiring in the summer of 2021. McGraw has been with the pension fund for 16 years. Ontario Teachers’ is beginning a search for his successor.
August 17, 2020
TORONTO – Jo Taylor, President and CEO of the Ontario Teachers’ Pension Plan (Ontario Teachers’), today announced that David McGraw, Chief Financial Officer, will be retiring from Ontario Teachers’ in summer 2021 after 16 years with the organization.
“David has had a substantial impact across the fund and played a key role in helping us become a world-class pension plan,” said Mr. Taylor. “He has also enabled the business by creating strong oversight and governance processes and using analytics and insights to enhance our financial decision-making tools and capabilities.”
Since joining Ontario Teachers’ in 2004, Mr. McGraw has helped grow the plan’s net assets by more than $120 billion and transformed the plan’s approach to financial reporting and valuations. Outside his role as CFO, Mr. McGraw has represented Ontario Teachers’ as a board member and Audit Committee Chair for several of our portfolio companies in Canada and internationally.
“It’s been a true honour to have seen our plan continue to evolve and grow over the years,” said Mr. McGraw. “What’s continued to inspire me is our employees’ commitment to our mission of providing excellent service and retirement security to our members. It’s the driving force behind all we do and part of what makes Ontario Teachers’ such a unique place to work.”
Mr. McGraw has been planning his retirement for some time and will remain in his current role until summer 2021 to ensure a seamless transition. Ontario Teachers’ is beginning a search for a successor, which will be announced next year.
About Ontario Teachers’
The Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is the administrator of Canada’s largest single-profession pension plan, with C$207.4 billion in net assets (all figures at December 31, 2019). It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.7% since the plan’s founding in 1990. Ontario Teachers’ is an independent organization headquartered in Toronto. Its Asia-Pacific region office is located in Hong Kong and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded, invests and administers the pensions of the province of Ontario’s 329,000 active and retired teachers. For more information, visit otpp.com and follow us on Twitter @OtppInfo.