Ontario Teachers' selects new president and CEO

Taylor, currently executive managing director of global development, will succeed Ron Mock, who is going to retire on 31 December 2019 after nearly two decades at Ontario Teachers'.

The US pension fund has not made any decision about who is going to replace Taylor at his current role as executive managing director of global development, a source told Unquote.

Taylor is known for building high-performing, multicultural teams globally, said board chairman Steven R McGirr, according to a press release.

Taylor was selected from a group of internal and external candidates. He joined Ontario Teachers' in 2012, leading the operations in Europe, the Middle East, Africa and Asia-Pacific. 

Taylor currently oversees Ontario Teachers' international offices, setting strategy, reviewing investment proposals, managing key relationships and optimising the allocation of resources.

Mock will continue to lead as CEO until he retires at the end of this year to ensure a smooth transition, according to the press release.

Mock joined Ontario Teachers' in 2001 and has been serving as CEO for the last six years. He also oversaw the development of the London and Hong Kong offices.

Ontario Teachers' net assets totaled CAD 187.6bn as of 31 December 2018.

The pension fund's private equity net investments have risen to CAD 33.4bn in 2018, up from CAD 31.9bn the year before.

The private equity portfolio has generated 19.5% returns in 2018, beating its 3.5% benchmark.

Sectors that dominate the private equity portfolio include consumer and retail (27%), industrials (24%), financial services (15%), and healthcare (10%).

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