Ontario Teachers’ Pension Plan has appointed a new head of infrastructure and resources, according to an announcement Tuesday.
The retirement system promoted Dale Burgess to the role of senior managing director, and he will take leadership of the C$19 billion ($14.5 billion) portfolio immediately. He has been serving as the interim head of the division since mid-February.
“Dale’s more than 15 years of experience on the infrastructure team, combined with his proven ability to cultivate strong relationships across the fund, with current and prospective partners, make him ideally suited to take on this role,” said Ron Mock, chief executive officer and interim chief investment officer, in a statement.
The news comes roughly one month after Ontario Teachers’ announced that its CIO Bjarne Graven Larsen resigned on April 3. The $148 billion retirement fund is continuing to search for Larsen’s permanent replacement.
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Burgess joined Ontario Teachers’ in 1996, and was most recently managing director of Latin American infrastructure and resources.
In his new role, “Burgess will be responsible for overseeing our infrastructure acquisitions and asset management globally, along with our investments in agriculture, oil and gas, timberland, and minerals,” according to the fund’s press release.
On April 3, Ontario Teachers’ announced that it was fully funded for the fifth year in a row. As of January 1, the organization’s assets reached 105 percent of its liabilities.
A spokesperson for the pension fund did not respond to a phone call seeking comment.