KUALA LUMPUR, Dec 13 -- Blake Hutcheson is the new OMERS’ chief executive officer (CEO), effective June 1, 2020, succeeding Michael Latimer, who will retire on May 31, next year.
In a statement, OMERS, one of Canada’s largest defined benefit pension plans, said the transition would commence in early January, consistent with OMERS succession plan, and remain seamless over the period.
Hutcheson is currently the president and chief pension officer of the company since April 2018.
He has helped transform the Pension Services area within the organisation, while carrying out responsibility for Strategy, Operations, Communications, Government Relations, Legal and Data & Technology.
Early this year, under his team’s leadership, OMERS approved a 2025 and 2030 Strategy, which will provide clear direction for the next five and 10-year period.
Hutcheson has been a highly successful CEO for over 20 years and has served on more than 25 Boards and Committees of both public and private entities.
Under Latimer’s leadership as CEO, OMERS assets have grown from US$65 billion to well over US$100 billion, growing over 50 per cent. (US$1 = RM4.14)
Over the same period, the organisation successfully deployed US$33 billion of capital as a result of its asset mix shift into private investment asset classes while expanding its global footprint and opening offices in Singapore, Sydney, Paris, Berlin, Boston and San Francisco.
-- BERNAMA
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