(Reuters) - Canadian pension fund manager OMERS on Thursday named its Chief Pension Officer Blake Hutcheson as its next chief executive, succeeding Michael Latimer, who retires in May.
Hutcheson, a ten year veteran of the fund, takes over as OMERS looks to invest more in international markets and open offices in overseas cities, a strategy pursued by Latimer.
In March, OMERS launched a 300 million euro venture capital fund to target technology start-ups in Europe.
Latimer has spent the last six years as CEO of OMERS, or the Ontario Municipal Employees Retirement System. The fund’s assets have risen over 50% to more than $100 billion during his tenure, OMERS said.
Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber