Ontario Teachers' Pension Plan has roped in Malaysian sovereign wealth fund’s executive as its Asia-Pacific head, said the Canadian fund in a release.
Ben Chan will begin his assignment as managing director of the Asia-Pacific region with effect from 1 June, added the release. In his previous job, Chan was co-head and executive director of investments at Malaysian state investor Khazanah Nasional Berhad, for which he led investment activities in China.
He will be based out of the Asia-Pacific regional office in Hong Kong, which opened in 2013, said the statement.
"Ben's in-depth knowledge of the region will serve us well as we look to grow our investments in the Asia-Pacific, and support our portfolio of international companies looking to expand their footprint and capabilities in that region," Jo Taylor, senior managing director, international, Ontario Teachers' Pension Plan, said in the release.
Chan had joined Khazanah in June 2005 as director of investments and was appointed executive director of investments in April 2008.
Chan holds a bachelor of commerce degree from the University of New South Wales in Australia.
He has over 28 years of international investing experience in public and private equities, investment banking and accounting, according to the release.
As on 30 June 2017, Ontario Teachers' Pension Plan had net assets of C$180.5 billion under management.
It holds a diverse global portfolio of assets, 80% of which are managed in-house, and has clocked 10.1% annualised rate of return since it started in 1990.
The pension fund’s India portfolio includes investments in microfinance institution Spandana Sphoorty Financial Ltd and e-commerce company Snapdeal.
It is also an investor in the funds of private equity firm Kedaara Capital.