
OTPP appoints Asia head
Ontario Teachers’ Pension Plan (OTPP) has appointed Datuk Ben Chan, formerly of Malaysia’s Khazanah Nasional, as regional managing director for Asia Pacific.
Chan (pictured) will be based in Hong Kong and lead the regional investment team effective June 1. He will replace Jo Taylor who has filled the position in an interim capacity since his promotion in late 2016 to senior international managing director.
“I am sure that [Chan] will make an immediate contribution to our activities, given his long track record as an impactful investor and supportive collaborator with the investment partners that we work with in the Asia Pacific region," Taylor said in a statement. "Ben's in-depth knowledge of the region will serve us well as we look to grow our investments in Asia Pacific."
Chan has 28 years of international investing experience in public and private equities, investment banking, and accounting. He most recently served as co-head of investments for Khazanah, leading the sovereign wealth fund's activities in China.
OTPP claims to be Canada’s largest single-professional pension plan with C$175.6 million ($134 million) billion in net assets as of the end of 2016. Private equity investments declined about 6% during 2016 to C$26.4 billion, about C$13 billion of which was deployed in Asia Pacific.
The firm has invested in the region since 1991 but did not open its Hong Kong office until 2013.
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