Ontario Teachers’ Pension Plan has appointed Jane Rowe, executive managing director and head of equities, to the new role of vice-chair, investments. Her appointment begins October 1. Rowe joined Ontario Teachers’ as head of private equity in 2010.
TORONTO – Ziad Hindo, Chief Investment Officer of the Ontario Teachers’ Pension Plan Board (Ontario Teachers’) today announced that Jane Rowe, currently Executive Managing Director and head of the Equities department, will take on the new role of Vice-Chair, Investments, effective October 1, 2020.
Continuing to report to Mr. Hindo, Ms. Rowe will hold an advisory role with respect to Ontario Teachers’ investments. She will provide advice and counsel on the US portfolio including Cadillac Fairview investment activities, mentor senior employees, liaise with alumni and support the build of our alumni network, represent Ontario Teachers’ at external speaking engagements and on portfolio company boards, and continue to sponsor Pride and diversity and inclusion initiatives.
“Over the past decade, Jane has brought a distinctive and exceptional perspective to the table. She is an accomplished investor and team builder with the ability to inspire and develop our future leaders,” said Mr. Hindo. “The role she is taking on next will allow us to benefit in new ways from the special set of skills she has developed over her career.”
Ms. Rowe joined Ontario Teachers’ as head of private equity in 2010. Her mandate was subsequently expanded to include high-conviction equities, public or near-public company investments intended to generate superior financial returns.
Under her leadership, net assets managed by the Equities team have grown from $11 billion to $47 billion, with an annualized rate of return before administrative costs of 18.5% as at December 31, 2019. The team’s portfolio includes more than 60 private companies, significant investments in public companies, and relationships with more than 30 private equity funds.
“I am proud of our team, the portfolio that we have built, and what we’ve accomplished together over the past decade for the plan and its members,” said Ms. Rowe. “I look forward to working with the investment leadership team, taking a broad perspective to help position our private asset portfolio and the investment teams for the future.”
Ms. Rowe will continue to sit on boards associated with Cadillac Fairview, Ontario Teachers’ wholly-owned real-estate subsidiary, and Camelot Group PLC, the operator of the UK National Lottery. A search is underway for a new head of Equities and an announcement will be made when this is finalized.
About Ontario Teachers’
The Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is the administrator of Canada’s largest single-profession pension plan, with $207.4 billion in net assets (all figures as 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.