Millennials prefer working from home but so do senior partners at law firms and accounting firms who don't want to be exposed to COVID-19. OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. “Canadian defined benefit pension plans, such as OMERS, have over time become globally-significant investors, active across various asset classes. However, having a framework and a process is yet not having a capability. TORONTO, June 01, 2020 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. OMERS members include union and non-union employees of municipalities, school boards, local boards, transit systems, electrical utilities, emergency services and children’s aid societies across Ontario. He also completed a Graduate Diploma in International and Comparative Politics at the London School of Economics (with Distinction) and a Master’s Degree in Real Estate Development at Columbia University (from which he received the Distinctive Alumni Award in 2017). Since they are unlisted, these assets are not subject to the whims of the news cycle or the sometimes erratic behaviour of the retail market. "Recent economic data have been stronger than expected, supporting the Bank's view that growth in Canada is becoming more broad-based and self-sustaining," the bank said in the accompanying statement . But in the context of a broader multi-asset portfolio, private equity also functions to smooth out returns. “On behalf of the OMERS Administration Corporation’s (AC) Board of Directors, I want to express our support for Blake as CEO. Blake Hutcheson (President and incoming CEO) shared some good news stories about how OMERS is contributing to the fight against COVID-19 and provided an update on key strategic initiatives. Blake Hutcheson is now officially President and CEO of OMERS. The majority of economists surveyed by Bloomberg forecast that the central bank would hold at this meeting . Blake Hutcheson is President and CEO of OMERS. Jonathan Simmons (CFO) provided an overview of 2019 financial results, which was one of OMERS best years ever. At its  previous  meeting in July, the BoC raised its key rate for the first, Fred Imbert reports the S&P 500 closes at another record Friday, gains 2% on week: Stocks rose on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news. Mr. Hutcheson is currently President and Chief Pension Officer, and will succeed Michael Latimer, who is … Here's how the major averages performed: "The Pain Trade Is Clearly Up": How One Bear Is Hedging The Continued Market Meltup | Zero Hedge, Canadian-based senior analyst specializing in pension funds and investments across public/private markets. Prior to OMERS, Blake was the Head of Global Real Estate with Mount Kellett Capital Management, a New York-based private equity firm with offices in key locations around the globe. “It is a privilege to lead this purpose-driven organization. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. “We’re keeping an eye on this because central banks have adjusted frameworks,” Mark Machin, chief executive officer of Canada Pension Plan Investment Board, said in an interview Tuesday. As reported in December 2019, Blake Hutcheson has succeeded Michael Latimer as the new chief executive officer of the Ontario Municipal Employees Retirement System, effective June 1. “Those that fail to meet our minimum standards may be removed from our portfolio. Blake Hutcheson (CEO) George Cooke (Board chair, Administration Corporation) Michael Rolland (CEO, Sponsors Corporation) Frank Ramagnano and Barry Brown (Board co-chairs, Sponsors Corporation) Total assets : C$109 billion (2019) Divisions: OMERS Infrastructure OMERS Capital Markets OMERS Private Equity Oxford Properties: Website: omers.com: The Ontario Municipal Employees Retirement System … Mr. Sabia will replace Paul Rochon, who announced last week he was leaving the department.Mr. A former recipient of Canada’s Top 40 Under 40, Mr. Hutcheson is a graduate of the University of Western Ontario. “Since its founding in 1962, OMERS has lived its purpose as a defined benefit pension plan to meet the retirement income needs of its members which consists of employees of municipal governments and local agencies and boards in the Province of Ontario,” said Mr. Hutcheson. Prior to that Blake was the Chief Investment Officer of Real Estate and Platform Investments at OMERS. https://www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529, Ontario Municipal Employees Retirement System. Blake Hutcheson was appointed OMERS President in 2018. The Nasdaq Composite advanced 0.9% to 12,205.85 and also closed at an all-time high. The Dow and S&P 500 rose 2.2% and 2.3%, respectively, for the week. Blake previously served as President and CEO of Oxford Properties Group since 2010, and in 2014 he also became Chief Investment Officer, Real Estate and Strategic Investments and added the OMERS Platform Investments portfolio, an integral part of the OMERS innovative agenda. I am deeply honoured and humbled to have the opportunity to work every day for them and all of our more than 500,000 members, and 1,000 employers.”. TORONTO, June 01, 2020 — OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. This speaks to the strong foundation patiently constructed by Blake’s predecessors and given his more than 10-year track record with OMERS, we know Blake will skillfully build on that foundation, delivering on plans for further expansion,” he added. Through it all, I’ve been impressed by the resilience and agility displayed by my colleagues at OMERS and by our portfolio management teams as we’ve navigated this crisis together. The transition will commence in early January, consistent with … Prior to that, he was OMERS President and Chief Pension Officer. OMERS teams work in Toronto, London, New York, Amsterdam, Luxembourg, Singapore, Sydney and other major cities across North America and Europe – serving members and employers and originating and managing a diversified portfolio of high-quality investments in public markets, private equity, infrastructure and real estate. Canada's Top Eight Pensions Unite on ESG Disclosure, Working from home isn't everyone's preference. He was appointed OMERS President and Chief Pension Officer in 2018. The job involves providing non-partisan policy advice to the minister, overseeing the management of the department and working on government-wide policy issues with other deputy ministers. Mr. Hutcheson, currently OMERS President, Jonathan Simmons (CFO) provided an overview of 2019 financial results, which was one of OMERS best years ever. His appointment supports OMERS long-term plans for continued global expansion and completes the leadership transition announced in December 2019. OMERS. TORONTO, May 20, 2020 /CNW/ - Blake Hutcheson will soon take over as the new CEO of OMERS, the pension plan that owns LifeLabs, and OPSEU President Warren (Smokey) Thomas is … Rochon's announcement came a day after Finance Minister Chrystia Freeland released a fall fiscal and economic update that said Ottawa will be working on a post-pandemic recovery plan that could cost as much as $100-billion over three years. He is responsible for the overall leadership and performance of the OMERS enterprise. TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the appointment of Blake Hutcheson as its new CEO effective June 1, 2020. I ended my text by wishing you not to have to weather a violent storm. The leaders backing this i, Elena Holodny of Business Insider reports, The Bank of Canada surprises with a rate hike : The Bank of Canada unexpectedly hiked its key interest rate by 25 basis points to 1.00% on Wednesday, citing stronger than expected economic data. The photo is also available via AP PhotoExpress. He is responsible for the overall leadership and performance of the OMERS enterprise. Blake Hutcheson was named the new CEO of the C$97 billion ($71.1 billion) Ontario Municipal Employees’ Retirement System, Toronto, effective June 1. In this context, investors often look for businesses that are not beholden to the economic cycle, but produce stable profits in any environment. “Michael has done an outstanding job as OMERS CEO,” said … The transition will commence in early January, consistent with OMERS succession plan, and will remain seamless over the period. He is responsible for the overall leadership and performance of the OMERS enterprise. Blake has recently been named the President and Chief Pension Officer of OMERS responsible for the Strategy, Government Relations, Communications, Pension Services, Technology and Operations of the $100 Billion Pension Plan. Mr. Hutcheson is currently President and Chief Pension Officer, and will … A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529. Contributions to the Plan are funded equally by members and employers. ET. Reflecting on the year, I’m particularly proud of the way our portfolio companies rose to the occasion with solutions to support our communities. ‎Blake Hutcheson will share observations and reflections gained during his first hundred days at the helm as President and CEO of OMERS, one of Canada’s largest defined benefit pension plans. TORONTO, June 01, 2020 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. Blake Hutcheson succeeds Michael Latimer as OMERS’ CEO BY Benefits Canada Staff | June 1, 2020 As reported in December 2019, Blake Hutcheson has succeeded Michael Latimer as the new chief executive officer of the Ontario Municipal Employees Retirement System, effective June 1. “Right now, many OMERS members are working directly on the frontlines of Ontario’s response to the pandemic. He previously served as President and CEO of Oxford Properties Group from 2010 to June of 2018. And we’re very familiar with the infrastructure bottlenecks that exists and some economies’, especial, CDPQ's CEO, Charles Emond, gave an exclusive interview to La Presse's Jean-Philippe Décarie on why he's a helmsman in the storm (translated from French): The teams of the Caisse de dépôt et placement du Québec have not stood idle since the start of the pandemic as they have been busy thoroughly reviewing the institution's entire investment portfolio and contacting all companies with whom they partnered up with to understand their immediate needs and challenges. Canada's Largest Pension Sees Risks of Inflation? Blake Hutcheson is President and CEO of OMERS. Blake Hutcheson and Michael Latimer OMERS names Blake Hutcheson (L) CEO effective June 1, 2020, succeeding Michael Latimer (R), who will be retiring May 31, 2020. Giant tech companies hunting for talent are setting the new trend by allowing their employees to work from home indefinitely, and others will follow their lead or risk being left behind in the talent war. Bruce Power, one of the largest nuclear power plants in the world, produced isotopes to sterilize medical equipment and provided, verge of filing for bankruptcy protection, Mark Wiseman Named Chair of AIMCo's Board, AustralianSuper Eyes Private Equity and Credit. We speak with OPTrust’s Sandra Bosela about the fund’s experience pre and during the pandemic. As it pledged on Wednesday to transition its portfolio of holdings to one with net-zero greenhouse gas emissions by 2040, the pension fund—the third-largest in the U.S. after CalPERS and CalSTRS of California—said that it would complete by 2025 a review of all its holdings in energy companies to assess “their future ability to provide investment returns in light of the global consensus on climate change,” New York State Comptroller Thomas DiNapoli said. He is responsible for the overall leadership and performance of the OMERS enterprise. Wednesday marks the bank's second consecutive rate hike. He is responsible for the overall leadership and performance of the OMERS enterprise. For … Prior to OMERS, Mr. Hutcheson headed Global Real Estate with Mount Kellett Capital Management, an international private equity firm, and prior to that he was Chairman and President of the Canadian, Latin American, and Mexican operations for CB Richard Ellis, the world’s largest real estate services company. “The environment for risk assets has been getti, Michael Ryder, Senior Managing Director at OMERS Infrastructure recently wrote a comment on LinkedIn going over their year in review: When the year began, no one could have foreseen that our lives would be disrupted by a global pandemic that would wreak havoc on our communities and force businesses to adapt and respond to a series of extraordinary challenges. OMERS said Blake Hutcheson will become the Canadian pension fund’s new CEO, effective June 1, 2020. He previously served as President and CEO of Oxford Properties Group from 2010 to June of 2018. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. Additional biographical details are available via: https://www.omers.com/About-OMERS/Leadership/Blake-Hutcheson, Neil Hrab Manager, Media Relations nhrab@omers.com 416-369-2418. Mr. Hutcheson is currently President and Chief Pension Officer, and will succeed Michael Latimer, who is retiring after two decades with OMERS, the last six years as CEO, on May 31, 2020. This week, we conclude our journey into the practical implementation of TFM following the 11 case studies from Episode 5 over the last three weeks. U.S. stocks rose on Monday to start off the new month amid increasing hope of a successful reopening of the economy. Blake Hutcheson, who will take over on June 1, said the pension plan will not “ignore Canada,” however. Over 10 years at the pension fund, Hutcheson was previously its president and chief pension officer and spent about eight years as CEO of Oxford Properties, the OMERS’ real estate arm. Companies are looking to cut costs and improve productivity and renting large office space is questionable in a post-COVID-19 world. The Ontario Municipal Employees Retirement System is appointing Blake Hutcheson as its new chief executive officer, effective June 1, 2020. He is responsible for the overall leadership and performance of the OMERS enterprise. Friday’s session ended at 1 p.m. The Ontario Municipal Employees’ Retirement System has named a former managing director for its infrastructure group, Annesley Wallace, to serve as its next chief pension officer.. Wallace, a managing director of infrastructure at OMERS from 2016 to 2018, is being promoted into a position that will be vacated by Blake Hutcheson, who is set to lead the C$97 billion ($74.4 billion; €66.7 billion) … There is a fundamental shift going on in terms of the nature of work, working from home will make it easier to hire more women, visible minorities and people with disabilities but it will also make it easier for big companies to offshore high-paying service sector jobs to India, China and elsewhere. To streamline decision-making, Canadian pension fund chief executive officers have worked for the past six months to mutually agree on the best frameworks for companies to use -- those from the Sustainability and Accounting Standards Board and the Task Force on Climate-related Financial Disclosures. Mr. Sabia will start his new position on Dec. 14. Recession or not, most people still value clean teeth, devoid of any, Bill Curry of The Globe and Mail reports that Prime Minister Trudeau just named Michael Sabia as the next deputy minister of Finance Canada: Prime Minister Justin Trudeau announced Monday that Michael Sabia, the former Quebec pension fund CEO and current chair of the Canada Infrastructure Bank, will be the next deputy minister of Finance Canada. The bank also said that although the global economy is seeing stronger than expected growth indicators there are "significant geopolitical risks and uncertainties around international trade and fiscal policies remain, leading to a weaker US dollar against many major currencies." The Dow Jones Industrial Average closed higher by 37.90 points, or 0.1%, at 29,910.37. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. The Nasdaq, meanwhile, posted a weekly gain of nearly 3%. "The, Tsvetana Paraskova of Oilprice.com reports that a $226 billion US pension fund is considering dumping oil & gas investments: The $226-billion New York State Common Retirement Fund is undertaking a review of all energy companies it is invested in, to assess their readiness for the energy transition and dump those considered riskiest in climate-related investment. He also ... Talking point: Hutcheson, a longtime OMERS executive, said, “Canadian pension plans are the envy of the world,” because they’ve proved the value of setting up “platforms”—essentially themed investment departments managed by subject-area experts. OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. Divestment is a last resort, but it is an investment tool we can apply to com, Paula Sambo of Bloomberg News reports that Canada's largest pension says inflation could rise in a rebound: Canada’s largest pension fund says policy measures across the globe to address the Covid-19 pandemic could fuel inflation after years of under-inflation while also spurring a rebound in employment and business investment. TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the appointment of Blake Hutcheson as its new CEO effective June 1, 2020. My first official 100 days as the President and CEO of OMERS came and went last week in a blink. The deputy minister is a senior public servant in a department. He is responsible for the overall leadership and performance of the OMERS enterprise. Please visit www.omers.com for more information. 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