Ontario Teachers’ Promotes McLennan, Brown to CIO

The Canadian pension fund fills its CIO vacancy with two internal promotions and adds a new strategy role.  



The Ontario Teachers’ Pension Plan announced the appointment of several senior leaders, both filling prior vacancies and creating new roles.
 

The fund announced the appointment of Stephen McLennan as CIO responsible for asset allocation, following the departure of his predecessor Ziad Hindo in September. He had served as acting head of investments following Hindo’s departure. McLennan has been at Ontario Teachers’ since 2003. 

Gillian Brown, who has been at Ontario Teachers’ since 1998, was appointed CIO responsible for public and private investments. Brown will be responsible for the execution and management of equities, infrastructure, natural resources, venture capital markets and real estate investments within the public and private markets. Brown had been head of capital markets since 2018. 

The fund also announced the creation of a chief strategy officer role, to which Jonathan Hausman was appointed, overseeing the fund’s sustainable investing activities. He will continue to lead the global investment strategy department.  

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“I am pleased to appoint Stephen [and] Gillian to their new leadership roles in investments, and Jonathan to a new role to support me in managing our key stakeholders and refreshing and advancing our enterprise strategy on a regular basis,” said Jo Taylor, OTPP’s president and CEO, in a statement. “These appointments confirm the benefits of our focus in developing team members and shaping strong leaders from within the Plan.” 

Ontario Teachers’ manages C$249.8 billion ($185.58 billion) in assets as of June 30, 2023. The fund manages pension and retirement benefits for its 336,000 members.  

Related Stories: 

Ontario Teachers’ Taps Pierre Cherki to Oversee New Real Estate Team 

Ontario Teachers’ Pension Plan CIO Ziad Hindo to Step Down at Year’s End 

Ontario Teachers’ Pension Reports 1.9% Return for 1H 2023 

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