Blake Hutcheson, who will take over on June 1, said the pension plan will not “ignore Canada,” however. He also said it has added government relations staff at its offices in North America, the U.K., Singapore and Australia as it tries to manage geopolitical risks such as international disputes. (BNN Bloomberg, Bloomberg)
Talking point: Hutcheson, a longtime OMERS executive, said, “Canadian pension plans are the envy of the world,” because they’ve proved the value of setting up “platforms”—essentially themed investment departments managed by subject-area experts. For example, the Ontario Teachers’ Pension Plan and the Canada Pension Plan Investment Board have both launched innovation-focused platforms that compete with OMERS Ventures and its growth equity fund. Looking abroad is another increasingly important part of the “Canada model,” and OMERS has bought up toll roads and reportedly bid on telecommunications infrastructure in India.