The Ontario Teachers' Pension Plan, the largest single-profession pension scheme in Canada, has hired Olivia Ouyang to manage and develop private equity investments in Asia.
As a director in the scheme's private equity arm, Teachers' Private Capital, Ouyang will be based in the pension scheme's Hong Kong office, which oversees the fund's Asian assets. These were worth 11.6 billion Canadian dollars ($9.7 billion) at the end of 2013.
She joins from China Investment Corporation, where she worked in the private equity department, which had $30 billion under management. Ouyang has also worked for International Finance Corporation and Jupiter Partners. She will report to Nicole Musicco, vice-president for Teachers' Private Capital in Toronto.
The Ontario Teachers' Pension Plan, which looks after the pensions of Ontario's more than 307,000 active and retired teachers, had 141 billion Canadian dollars ($118 billion) under management at the end of 2013.
The scheme made its first investments in the Asia-Pacific region in 1991 and now lists eight staff for its Hong Kong office, including Ouyang.
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