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Teachers' Plans Asian Regional Office in Hong Kong

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Teachers' Plans Asian Regional Office in Hong Kong PR Newswire TORONTO, November 29, 2012 TORONTO, November 29, 2012 /PRNewswire/

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Teachers' Plans Asian Regional Office in Hong Kong
PR Newswire TORONTO, November 29, 2012
TORONTO,November 29, 2012/PRNewswire/ --
Ontario Teachers' Pension Plan (Teachers') President and CEO Jim Leech today announced that the organization is in the preliminary planning stages of opening an Asian regional office in Hong Kong.
"Given, the global nature of our business and the increasing importance of the Asian region to our fund, it is logical that we have a location there," explained Mr. Leech. The office would be staffed by local and Canadian equities staff from the fund's private capital and public equities departments. All plans remain tentative for opening the office in 2013.
This office would be the fund's second major regional office. Teachers' European, Middle East and Africa regions private capital office opened in London in 2007.
With CND$117.1 billion in assets as ofDecember 31, 2011, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 300,000 active and retired teachers in Ontario. For more information visithttp://www.otpp.com
For further information: Deborah Allan Director, Communications +1-(416)-730-5347 deborah_allan@otpp.com