OMERS appoints Asia Pacific head
Ontario Municipal Employees Retirement System (OMERS) has appointed Ashish Goyal, who leads its capital markets activities in Asia, to the newly created role of executive vice president and head of Asia Pacific.
Based in Singapore, Goyal (pictured) will lead strategic growth initiatives across various asset classes, including the establishment of new relationships and partnerships. He will report to Ralph Berg, incoming CIO at OMERS. Both assume their new roles on April 1.
Goyal joined the pension system in 2019 after a four-year stint as head of emerging markets equities at NM Investment Partners, formerly ING Investment Management. Before that, he spent more than 16 years at Eastspring Investments.
OMERS has CAD 124.2bn (USD 91.5bn) in assets, of which 11% is deployed in Asia Pacific across public and private markets. The private markets portfolio skews towards Australia and infrastructure and real estate assets, featuring the likes of Port of Melbourne, electricity network operator Transgrid, digital infrastructure player Waveconn, and renewable energy platform FRV Australia.
On the private equity side, OMERS has participated as a co-investor in China’s Rokin Logistics and pan-regional corporate service provider Tricor Group. Those deals were led by FountainVest Partners and BPEA EQT, respectively.
The pension plan opened its Australia office in Sydney in 2014 and established a Singapore presence in 2018. Recent appointments include Jeffrey French as head of Asian private equity and Prateek Maheshwari as regional head of infrastructure.
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