Capital Markets team

Gillian Brown leads the Capital Markets group, which manages Total Fund exposure to the equity, fixed income, credit, inflation-sensitive and absolute return asset classes. The Capital Markets team supports all of Ontario Teachers' investment groups and is responsible for executing on a centralized trade strategy that allows the Fund to focus on the needs of today's more sophisticated trading environment and its increasing regulatory complexity.

Kevin Duggan is responsible for the execution capabilities for all Capital Markets asset classes.

Bernard Grzinic leads Ontario Teachers' Credit, Equity Products and Insurance Linked Securities teams. These groups are responsible for the overall Fund exposures to these asset classes and related active programs.

Adam MacKillop joined OTPP in 2019 and is responsible for the Developed Markets Rates & FX business within Capital Markets.

Stefano joined the Capital Markets team in 2019 as Managing Director, Quantitative Strategies and Research. His team is responsible for researching, developing and managing a portfolio of fully systematic trading models that aim to provide scalable alpha and diversifying sources of returns to Capital Markets.

Michael Merkoulovitch leads the Direct portion of the Credit team within Capital Markets. This group is primarily responsible for Public Credit investments across both Asset Mix and Absolute Return Strategies, employing fundamental, macro-thematic, and quantitative strategies. Michael joined Ontario Teachers' in 2008 and has held various positions of increasing responsibility. His most recent appointment was as Managing Director, Direct Credit in Capital Markets. He holds a Master’s in Mathematical Finance degree from the University of Toronto, and is a CFA charterholder.

Puneet Kohli has joined the Ontario Teachers' Pension Plan as the Head of the External Managers Group (XMG). In this role, he leads the growth and consolidation of the External Manager Platform to support both Capital Markets and Total Fund objectives. The XMG invests globally in strategic partners, carefully selecting those with differentiated capabilities across asset classes, geographies, and investment strategies. Building long-term, mutually beneficial relationships is a key focus.

Chris leads Ontario Teachers’ North American Private Credit team and has 24 years of experience in the finance industry on both the buyside and sellside. Chris joined Ontario Teachers' in 2014 as a senior member of Ontario Teacher’s Credit team, focusing on fundamental investments in both public and private credit. Chris started his career in investment banking at Morgan Stanley (Toronto, New York, London), with a focus on high yield and leveraged loan transactions. Transitioning to the buyside in 2004, Chris was responsible for investment decisions for a number of strategies including fundamental credit and equity investing, convertible arbitrage, and merger arbitrage. He holds a Bachelor of Commerce degree from University of Toronto and is a CFA Charterholder.