Ontario Teachers’ Pension Plan Chief Operating Officer Rosemarie McClean announced this week that she will be leaving the pension after a 33-year tenure to serve as the chief executive officer of the United Nations Joint Staff Pension Fund. McLean will succeed Janice Dunn Lee, the acting CEO for the UN pension.
In her position at OTPP, McClean leads all operational activities, including management of financial operations for the pension’s investments and portfolio management activities, information technology, process improvement, and project management.
She joined the pension in 1986, and has since simultaneously served as a board member for Alberta Pensions Services Corp., the Toronto Financial Services Alliance, and Heartland Dental, an Illinois-based dental service organization supporting over 800 dentists.
“I have been very fortunate to spend the majority of my career at such a great organization as Ontario Teachers’. The people here are truly exceptional. It has been an honour working with such dedicated teams, who come to work each day with the clear mission of providing excellent service and retirement security to teachers in the province of Ontario,” said McClean.
Her departure comes as the pension’s CEO, Ron Mock, is set to retire at the end of the year. In July, the plan named Jo Taylor as its new CEO and president effective Jan. 1, 2020.
At the same time, the OTPP recognized a new asset increase by $10.3 billion from December 31, 2018, to a total asset valuation of $201.4 billion. The total-fund net return was 6.3% for the first six months of the year.
“Our focus is on achieving stable results that help deliver financial security to our members through a variety of market conditions,” said Mock. “Our balanced portfolio approach is delivering strong returns that are in line with our long-term objectives.”