Canadian pension fund opens office in India

Mumbai: Canada-based Ontario Teachers' Pension Plan Board, a leading global investor with over Canadian dollar 242.5 billion, or Rs 14.85 lakh crore, of assets under management as on June 30, 2022, has established on-the-ground presence in India by opening a new office in Mumbai to build on its existing Indian portfolio.

Ontario Teachers' holds a portfolio of public and private assets totaling more than C$3 billion or Rs 18,374 crore in India.

Ontario Teachers invest in more than 50 countries in a broad array of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture growth to deliver retirement income for 333,000 working members and pensioners.

"India is an attractive investment destination and will be one of our growth markets over the next 5-10 years. It has a large, growing, and dynamic economy, with openness to foreign capital which makes it a strategically important market for us," said Jo Taylor, president and chief executive officer, Ontario Teachers'.

The Mumbai office, he said, will target investments in India across all asset classes.

Keki Mistry, vice chairman & CEO of HDFC will be a senior advisor to Ontario Teachers.

( Source : financial chronicle )
Next Story