Ontario Teachers' Pension Plan has named Ben Chan as its regional managing director for Asia Pacific.
The move is effective from June 1, the firm said on Wednesday.
Based in the Hong Kong office, Chan will lead investment activities in the region for Ontario Teachers' as it looks to grow its investments in Asia-Pacific, and support its portfolio of international companies looking to expand their footprint and capabilities in that region.
Chan joins from Malaysia's wealth fund Khazanah Nasional Berhad, where he was co-head of investments and led investment activities in China.
Ontario Teachers' opened its Asia-Pacific regional office in Hong Kong in 2013. It also has an office in London which invests in Europe, the Middle East & Africa, which was opened in 2007.
Chan holds a bachelor of commerce degree from the University of New South Wales and has over 28 years of international investing experience in public and private equities, investment banking and accounting.
Ontario Teachers', which had C$180.5 billion ($ in net assets as of June 30 last year, has a diverse global portfolio of assets, 80% of which is managed in-house, and has earned an annualized rate of return of 10.1% since the plan's founding in 1990.
The Toronto-headquartered has been increasingly active in direct investment and co-investment deals across the Asia Pacific. One of its recent transactions was in Hong Kong-based yoga group Pure.
