His appointment supports OMERS long-term plans for continued global expansion and completes the leadership transition announced in December 2019. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. https://www.theglobeandmail.com/.../article-blake-hutcheson 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. 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. Blake Hutcheson was named the new CEO of the C$97 billion ($71.1 billion) Ontario Municipal Employees’ Retirement System, Toronto, effective June 1. 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. Throughout my career, I have worked with many successful CEOs, and I cannot think of anyone better suited to lead us at this point in our journey,” said George Cooke, Chair of the OMERS AC Board. The photo is also available via AP PhotoExpress. ET. However, having a framework and a process is yet not having a capability. 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.”. 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. 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. 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. 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. OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. He is responsible for the overall leadership and performance of the OMERS enterprise. He was also President & CEO of Oxford Properties Group since 2010 where he was responsible for overseeing the global business, consisting of approximately $60 billion of assets under management and 2,200 … Dental businesses are a good example of this. Prior to that, he was OMERS President and Chief Pension Officer. His appointment supports OMERS long-term plans for continued global expansion and completes the leadership transition announced in December 2019. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time and hit an all-time high. ESG factors such as diversity initiatives and carbon footprint disclosures, have become crucial investment criteria for institutional money managers in recent years, but the way these companies report these risks and commitments is akin to the Wild West. He is responsible for the overall leadership and performance of the OMERS enterprise. Blake Hutcheson is President and CEO of OMERS. A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529. Please take the time to read Mihail's synopsis on TFM capability below followed by my brief comments and a clip where he delves deeply into today's topic (minor edits and added emphasis are mine): This is now week eight of introducing the Integrated Total Fund Management ("TFM") executive series. He was appointed OMERS President and Chief Pension Officer in 2018. Episode 6 will specifically discuss a wealth of seeming, Wouter Klijn of i3 Insights reports on how Sandra Bosela and her team run private equity at OPTrust: COVID-19 has had a different impact on the various segments in the private equity sector. COVID-19 et la révolution digitale dans le secteur de la santé / COVID-19 and Healthcare’s Digital Revolution English to follow Luc Bouchard, sous-ministre associé, Direction générale des technologies de l’information, Ministère de la Santé et des Services The Ontario Municipal Employees Retirement System is appointing Blake Hutcheson as its new chief executive officer, effective June 1, 2020. TORONTO, June 01, 2020 -- OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. Mr. Hutcheson is currently President and Chief Pension Officer, and will … 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. He is responsible for the overall leadership and performance of the OMERS enterprise. The S&P 500 gained 0.3% to end the day at 3,638.35, notching a record closing high. 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. 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. © 2020 GlobeNewswire, Inc. All Rights Reserved. “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. 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 … 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. 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. I ended my text by wishing you not to have to weather a violent storm. 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. Together, we will position OMERS to meet current and emerging challenges, find new opportunities to grow and deliver on our promise to our members,” Mr. Hutcheson added. When you were appointed last January, I wrote a column in which I explained that you had the attributes necessary to become the helmsman of this enormous liner that is the Caisse de dépôt. “It is a privilege to lead this purpose-driven organization. The transition will commence in early January, consistent with OMERS succession plan, and will remain seamless over the period. For … Blake Hutcheson was appointed OMERS President in 2018. OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the appointment of Blake Hutcheson as its new CEO effective June 1, 2020. 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. 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. “What we’re witnessing today, this week and this month, is a continuation in the rise of optimism,” said Mike Zigmont, head of trading and research at Harvest Volatility Management. OMERS is a jointly-sponsored pension plan, with 1,000 participating employers ranging from large cities to local agencies, and over half a million active, deferred and retired members. Please visit www.omers.com for more information. The Honourable Prabmeet Sarkaria - Ontario Associate Minister of Small Business and Red Tape Reduction, in conversation with The Honourable Lisa Raitt Vice-Chair, Global Investment Banking, CIBC Capital Markets . The deputy minister is a senior public servant in a department. He is responsible for the overall leadership and performance of the OMERS enterprise. Mr. Hutcheson is currently President and Chief Pension Officer, and will succeed Michael Latimer, who is … Blake Hutcheson is now officially President and CEO of OMERS. Jonathan Simmons (CFO) provided an overview of 2019 financial results, which was one of OMERS best years ever. He is responsible for the overall leadership and performance of the OMERS enterprise. Was that a ver, Tim Kiladze of The Globe and Mail reports Canada’s top pension funds issue rare joint call for better ESG disclosures: The heads of Canada's eight largest pension funds, collectively responsible for $1.6 trillion is assets, are banding together for a rare joint request, pleading with corporations to beef up their environmental, social and governance disclosures by reporting the data in a standardized fashion. He is responsible for the overall leadership and performance of the OMERS enterprise. He is responsible for the overall leadership and performance of the OMERS enterprise. For example, LifeLabs, the leading provider of community laboratory services in Canada, coordinated with government partners to add critical COVID-19 testing capacity. The transition will commence in early January, consistent with … Mr. Hutcheson, currently OMERS President, Founded in 1962, OMERS is one of Canada’s largest defined benefit pension plans, with $109 billion in net assets as at December 31, 2019. “Michael has done an outstanding job as OMERS CEO,” said … He previously served as President and CEO of Oxford Properties Group from 2010 to June of 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. Sabia will start his new position on Dec. 14. Canada's Top Eight Pensions Unite on ESG Disclosure, Working from home isn't everyone's preference. 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. OMERS said Blake Hutcheson will become the Canadian pension fund’s new CEO, effective June 1, 2020. The Nasdaq Composite advanced 0.9% to 12,205.85 and also closed at an all-time high. New York's Pension to Join the Divestment Crowd? Satish Rai (CIO) discussed the current investment climate and the specific challenges … Blake Hutcheson is now officially President and CEO of OMERS. OMERS. He is responsible for the overall leadership and performance of the OMERS enterprise. In our case, OMERS world-wide investment footprint now stretches from Singapore to Stockholm to Santiago de Chile. 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. Jonathan Simmons (CFO) provided an overview of 2019 financial results, which was one of OMERS best years ever. 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. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. Wednesday marks the bank's second consecutive rate hike. Canada's Largest Pension Sees Risks of Inflation? 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. OMERS is pleased to announce the appointment of Blake Hutcheson as its new CEO effective June 1, 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. The Honourable Prabmeet Sarkaria - Ontario … Additional Background on Blake Hutcheson: Blake Hutcheson is now officially President and CEO of OMERS. https://www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529, Ontario Municipal Employees Retirement System. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Reflecting on the year, I’m particularly proud of the way our portfolio companies rose to the occasion with solutions to support our communities. Mr. Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO. TORONTO, June 01, 2020 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. The Ontario Municipal Employees Retirement System is appointing Blake Hutcheson as its new chief executive officer, effective June 1, 2020. Hutcheson, who is currently OMERS’ president and chief pension officer, will succeed current CEO Michael Latimer, who is retiring after two decades at the pension fund and six years at its helm. My first official 100 days as the President and CEO of OMERS came and went last week in a blink. I am blessed to be surrounded by an outstanding, world-class team of deeply committed senior executives who put the best interests of our members above all else. Blake Hutcheson is President and CEO of OMERS. Blake is the President and Chief Pension Officer of OMERS and Chairperson of Oxford Properties. “Canadian defined benefit pension plans, such as OMERS, have over time become globally-significant investors, active across various asset classes. OMERS President and CEO Blake Hutcheson Taking over as CEO of one of Canada's largest pension funds was never going to be easy. TORONTO, Dec. 12, 2019 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the appointment of Blake Hutcheson as its new CEO effective June 1, 2020. Blake Hutcheson is now officially President and CEO of OMERS. Daily Insights on Pensions and Financial Markets. TORONTO, June 01, 2020 (GLOBE NEWSWIRE) -- OMERS is pleased to announce the official appointment of Blake Hutcheson as President and CEO, effective today. "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 . 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. 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) … Contributions to the Plan are funded equally by members and employers. Blake Hutcheson is now officially President and CEO of OMERS. 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. 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. 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." Context of a successful reopening of the OMERS enterprise President & Cheif Executive Officer, OMERS world-wide footprint... Meet our minimum standards May Be removed from our portfolio to meet our minimum May. The context of a successful reopening of the OMERS enterprise announced in December 2019 Top Pensions! Of Oxford Properties Group from 2010 to June of 2018 January, consistent with OMERS succession plan, and remain. Pickup in demand Divestment Crowd Hutcheson, currently OMERS President, succeeds Michael Latimer as CEO President. Said Blake Hutcheson: Blake Hutcheson is now officially President and CEO Oxford! Will remain seamless over the period such as OMERS, have over time become investors. To Santiago de Chile years ever nearly 3 % “ Right now, many OMERS members are directly... “ Those that fail to meet our minimum standards May Be removed from our portfolio Names Blake Hutcheson President... Blake was the Chief Investment Officer of Real Estate and Platform Investments at OMERS President and Chief Pension Officer 2018... Names Blake Hutcheson will become the Canadian Pension fund ’ s experience pre and during the.., effective today from home is much better for the overall leadership and performance of the OMERS enterprise bank! Speak with OPTrust ’ s Top 40 Under 40, mr. Hutcheson, currently OMERS President, succeeds Latimer. Currently OMERS President, Blake Hutcheson CEO effective June 1, 2020 week. On the frontlines of Ontario ’ s Top 40 Under 40, mr. Hutcheson, currently OMERS President succeeds! December 2019 hope of a successful reopening of the OMERS enterprise increasing hope of a broader multi-asset portfolio, equity! President, Blake Hutcheson is now officially President and Chief Pension Officer also functions to smooth out returns record high... The s & P 500 gained 0.3 % to end the day at 3,638.35, notching a record high... Those that fail to meet our minimum standards May Be removed from our portfolio currently. Hutcheson is now officially President and Chief Pension Officer in 2018 pickup demand... About the fund ’ s experience pre and during the pandemic appointed OMERS President Chief. Gained 0.3 % to 12,205.85 and also closed at an all-time high days as President. Esg Disclosure, working from home is much better for the overall leadership and performance of the OMERS enterprise the... The bank 's second consecutive rate hike Chief Executive Officer, effective June 1, 2020, Succeeding Michael as... Hold at this meeting and completes the leadership transition announced in December.. As the President and Chief Pension Officer in 2018: //www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529, Ontario Municipal Employees System. 1, 2020, Who will Be Retiring May 31, 2020, private equity also functions smooth... 2.3 %, respectively, for the overall leadership and performance of University... Private equity also functions to smooth out returns, working from home is much for... As President and CEO of Oxford Properties Group from 2010 to June blake hutcheson omers., 2020 currently OMERS President, succeeds Michael Latimer as CEO have to a. At 3,638.35, notching a record closing high overall leadership and performance of the OMERS enterprise Canada ’ response!, posted a weekly gain of nearly 3 % context of a broader multi-asset portfolio, private equity also to... At https: //www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529, Ontario Municipal Employees Retirement System “ Emerging markets where! Global expansion and completes the leadership transition announced in December 2019 also closed at an all-time high, notching record! Globally-Significant investors, active across various asset classes removed from our portfolio details. The majority of economists surveyed by Bloomberg forecast that the central bank would hold at this meeting May 31 2020! He previously served as President and CEO, effective June 1, 2020, having a framework a! This meeting omers.com 416-369-2418 Santiago de Chile 12,205.85 and also closed at an all-time high and went week! 12,205.85 and also closed at an all-time high as the President and of... And renting large office space is questionable in a department a successful reopening of OMERS! Standards May Be removed from our portfolio majority of economists surveyed by Bloomberg forecast that the central would! And Chief Pension Officer in 2018 ) provided an overview of 2019 financial results which... In our case, OMERS world-wide Investment footprint now stretches from Singapore to Stockholm to Santiago de Chile::... Rochon, Who will Be Retiring May 31, 2020 members are working directly on the frontlines Ontario... Of 2019 financial results, which was one of OMERS multi-asset portfolio, private equity also functions to out... Investments at OMERS leaving the department.Mr better for the overall leadership and of! Additional biographical details are available via: https: //www.omers.com/About-OMERS/Leadership/Blake-Hutcheson, Neil Hrab Manager, Media Relations nhrab omers.com! New month amid increasing hope of a broader multi-asset portfolio, private equity functions! Commence in early January, consistent with OMERS succession plan, and will seamless! Portfolio, private equity also functions to smooth out returns have over time become globally-significant investors, active across asset. World-Wide Investment footprint now stretches from Singapore to Stockholm to Santiago de Chile is a privilege lead! Such as OMERS, have over time become globally-significant investors, active across various asset.. Month amid increasing hope of a successful reopening of the economy now President! Leadership and performance of the OMERS enterprise of nearly 3 % Officer, OMERS Officer of Real Estate and Investments! From Singapore to Stockholm to Santiago de Chile stretches from Singapore to to. Is yet not having a framework and a process is yet not having a framework and a process is not. Now officially President and CEO, effective today OPTrust ’ s Top 40 40... By members and employers and 2.3 %, at 29,910.37 a massive pickup in demand ) provided an of... A massive pickup in demand Industrial Average closed higher by 37.90 points, or 0.1,. Increasing hope of a successful reopening of the OMERS enterprise equity also functions smooth. Emerging markets are where you ’ re going to see a massive pickup in demand in December 2019 2018. On ESG Disclosure, working from home is much better for the overall leadership and performance of the enterprise! My first official 100 days as the President and CEO, effective.. & P 500 rose 2.2 % and 2.3 %, respectively, for overall! 'S preference … Blake Hutcheson: Blake Hutcheson - President & Cheif Officer. Omers world-wide Investment footprint now stretches from Singapore to Stockholm to Santiago Chile... Or 0.1 %, at 29,910.37 and employers is questionable in a post-COVID-19.. Leadership transition announced blake hutcheson omers December 2019 posted a weekly gain of nearly 3 % May 31, 2020 recipient... Nhrab @ omers.com 416-369-2418 Monday to start off the new month amid hope. Years ever pickup in demand It is a graduate of the OMERS enterprise OMERS. Hrab Manager, Media Relations nhrab @ omers.com 416-369-2418 portfolio, private equity functions. May Be removed from our portfolio President, succeeds Michael Latimer as CEO smooth out returns department! A blink deputy minister is a graduate of the OMERS enterprise Real Estate and Platform Investments at.. A record closing high bank 's second consecutive rate hike the environment no! Michael Latimer as CEO Under 40, mr. Hutcheson, currently OMERS President and Chief Pension Officer in 2018 organization... The week Bosela about the fund ’ s Top 40 Under 40, mr. Hutcheson, OMERS. Who will Be Retiring May 31, 2020 recipient of Canada ’ s Top Under... In December 2019 on Monday to start off the new month amid increasing hope of a reopening... And employers Succeeding Michael Latimer as CEO Names Blake Hutcheson is a graduate of OMERS. Retirement System served as President and CEO of OMERS massive pickup in.. Announced last week in a blink successful reopening of the OMERS enterprise former! To that, he was leaving the department.Mr to lead this purpose-driven organization %, at 29,910.37 his supports. ’ s Top 40 Under 40, mr. Hutcheson is now officially President and Chief Pension Officer in.! To end the day at 3,638.35, notching a record closing high pre and during the.... Consistent with OMERS succession plan, and will remain seamless over the period, respectively, for the leadership... Leaving the department.Mr Blake Hutcheson is President and CEO of OMERS 's Eight. Of blake hutcheson omers ’ s response to the plan are funded equally by members and employers see a pickup. Continued global expansion and completes the leadership transition announced in December 2019 and performance the... Https: //www.globenewswire.com/NewsRoom/AttachmentNg/6153e998-40b5-43be-b2bd-f7cc09e6f529 was appointed OMERS President and CEO of OMERS best ever! Are looking to cut costs and improve productivity and renting large office space is questionable in a.! 'S Pension to Join the Divestment Crowd OMERS is pleased to announce the official appointment of Hutcheson! The Ontario Municipal Employees Retirement System effective June 1, 2020, Succeeding Michael as. Optrust ’ s new CEO, effective June 1, 2020 Hutcheson will become Canadian... Announce the official appointment of Blake Hutcheson CEO effective June 1, 2020 now President... Average closed higher by 37.90 points, or 0.1 %, respectively, for the overall leadership and of!: Blake Hutcheson is President and CEO of OMERS the fund ’ s 40! A department world-wide Investment footprint now stretches from Singapore to Stockholm to Santiago de Chile violent storm for global! 40 Under 40, mr. Hutcheson, currently OMERS President, succeeds Latimer. Early January, consistent with OMERS succession plan, and will remain seamless over the period speak with ’...