December 12, 2019 / 8:31 PM / 6 months ago

Canada's OMERS names chief pension officer as next CEO

Dec 12 (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)

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