Ron Mock, President and CEO, Ontario Teachers' Pension Plan, announced last week the appointment of Ken Manget to the role of Vice-President, Infrastructure. Mr. Manget will report to Andrew Claerhout, Senior Vice-President, Infrastructure.
Mr. Manget joins Teachers' from Desjardins Capital Markets, where he was Managing Director and Head of Investment Banking.
Prior to that, he was Managing Director of Equity Capital Markets and Head of Income Funds for BMO Capital Markets. Mr. Manget holds an MBA from Harvard University and a B.Sc. (Mechanical Engineering) from the University of Toronto.
With $140.8 billion in net assets as at December 31, 2013, Ontario Teachers' is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 307,000 active and retired Ontario teachers.
Ontario Teachers' began investing directly in airports, electrical power systems and terminals in 2001. Those holdings returned 17 percent in 2013, according to the firm's annual report.
In April 2014, Ontario Teachers' announced that it had entered into a definitive agreement to sell all of its 50% ownership interest in Northern Star Generation LLC (NSG) to GulfSun Power Holdings, LLC, an affiliate of Harbert Management Corporation.