The Ontario Municipal Employees Retirement System is shuffling its executive leadership following former CIO Ralph Berg’s departure for a role at Singaporean sovereign fund Temasek.
President and CEO Blake Hutcheson has taken on the additional role of CIO, with divisional and market segment leaders reporting to him.
The firm also announced that Michael Hill, who was appointed as global head of infrastructure in 2023, will take on the additional role as global head of private equity, taking over from Alexander Fraser, who will continue to lead OMERS’ private equity operation, according to a statement from the fund.
Additionally, Michael Block, head of private capital, will take on an expanded role leading the fund’s private capital investments, including private fund investments and investment opportunities outside of OMERS’ existing private market platforms, according to the statement.
OMERS’ global head of multi-asset strategies, Scott McIntosh, will also take on a role as global head of equities, taking over for Kennan Venkataramani, who will continue to lead OMERS’ equities business and who will report to McIntosh.
Kentan Bradbury will continue to lead OMERS’ total portfolio management, with Kal Patel and Eric Plesman continuing to lead their respective global credit and Oxford Properties units. In their roles, Hill, McIntosh, Bradbury, Patel and Plesman will report directly to Hutcheson.
“These changes will simplify decisionmaking and reporting lines, create new opportunities for growth for several executives, and position OMERS very well for the future,” Hutcheson said in a statement.
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OMERS CIO Ralph Berg to Depart for Temasek |
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OMERS’ Ralph Berg Shines a Spotlight on Infrastructure |
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OMERS Names Alexander Fraser as Private Equity Head |
Tags: OMERS, Ontario Municipal Employees’ Retirement System, Ralph Berg