OTPP promotes Bruce Crane to Asia head
Ontario Teachers' Pension Plan (OTPP) has appointed Bruce Crane as executive managing director and head of Asia Pacific following the retirement of Ben Chan earlier this month.
Crane (pictured), who begins his new role immediately, was previously the pension plan’s regional head of infrastructure. He joined in 2020 ending a 12-year tenure at Ontario Municipal Employees Retirement System (OMERS) that involved relocating to Asia to lead infrastructure investments. As OTPP’s first employee in Singapore, Crane was mandated to open and staff an office during the lockdown.
“As head of APAC, Bruce will play a leading role as we continue to progress our global growth strategy and deepen our investment activities across the region,” said Ziad Hindo, OTPP’s CIO, in a statement.
The pension plan had CAD 247.2bn (USD 187bn) in net assets as of year-end 2022 of which approximately CAD 16bn was deployed in Asia Pacific. Private equity is the largest asset class in the region, accounting for 39% of assets. Infrastructure is second on 22%. OTPP has more than 85 employees in Asia Pacific and operates out of offices in Hong Kong, Mumbai, and Singapore.
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