Ontario Teachers’ Pension expands India operations, ropes in HDFC’s Keki Mistry as senior advisor
- Ontario Teachers’ has a portfolio of public and private assets of more than ₹18,374 crore in India.
- Global fund sets up its 6th global office in Mumbai as it sees India as an attractive destination.
HDFC’s Keki Mistryas senior advisor for guidance.
AdvertisementOntario Teachers’ Pension Plan Board, a leading global investor with assets over ₹14.85 lakh crore (as on June 30, 2022), has roped in HDFC’s
The fund’s sixth global office in Mumbai will target investments across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity. Ontario Teachers’ holds a portfolio of public and private assets totaling more than ₹18,374 crore in India.
The Canadian fund is setting up its first on-ground presence in India, as it sees India as an attractive investment destination. The global fund is planning to set up its first office in Mumbai to further build its Indian portfolio. The office is in the financial hub of the Bandra Kurla Complex and is Ontario Teachers’ sixth global office and third in the Asia-Pacific region. Having a local team and office will support Ontario Teachers’ in sourcing investments, nurturing long-term partnerships, and attracting strong local talent.
“India is an attractive investment destination and will be one of our growth markets over the next 5-10 years. It has a large, growing, and dynamic economy, with openness to foreign capital which makes it a strategically important market for us,” said Jo Taylor, President and Chief Executive Officer of the fund.
Keki Mistry, Vice Chairman and Chief Executive Officer of Housing Development Finance Corporation Limited, one of India’s leading financial services conglomerates, has agreed to be a senior advisor to Ontario Teachers’.
Mistry has nearly four decades of senior leadership experience in the banking and financial services sectors.
In his global advisory role, Mistry will help enhance Ontario Teachers’ market reach, provide access to a high-quality network and opportunities, and give guidance on market dynamics. Mistry will not be involved in the day-to-day operations of Ontario Teachers’ business.
“I’m pleased to be partnering with Ontario Teachers’, one of the world’s preeminent institutional investors. I look forward to helping Ontario Teachers’ to continue to build its network and portfolio,” said Mistry.
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