OTPP appoints Frank as senior managing director

In her new role at OTPP, Karen will lead the private capital and "high-conviction equities" teams. Based in the London office, she will take on the role in Q4 2020.

Frank joins from Barclays, where she had been CEO of Barclays Private Bank since 2016, and previously co-head of the European sponsors group. Her experience prior to that includes senior roles at Goldman Sachs, including in the company's principal investment area in New York and London, and building out its financial sponsors business in Europe; and at AEA Investors and Compass Partners International.

Frank will succeed current head of equities Jane Rowe, who will take on the new role of vice-chair for investments at Ontario Teachers' effective on 1 October 2020.

Earlier this year, OTPP led a €140m funding round for Swedish healthcare software developer Kry.

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