October 30, 2018

From L to R: Steve Saldanha, Stephen McLennan, Jacky Lee

Ron Mock, President and CEO, Ontario Teachers' Pension Plan (Ontario Teachers'), is pleased to announce the promotion of Stephen McLennan to Senior Managing Director of the Plan's newly created Total Fund Management department. The department will form the nucleus of the Chief Investment Officer's office as it integrates our portfolio construction approach with treasury and funding capabilities.

Mr. McLennan was most recently head of Natural Resources, and during his long tenure at Ontario Teachers' he has held positions of increasing responsibility in both capital market and private asset related groups. He holds a Masters of Mathematical Finance from the University of Toronto, an MBA from the University of British Columbia and a Bachelor of Commerce from McGill University.  He is also a CFA charterholder and has an ICD.D certification from the Institute of Corporate Directors. Mr. McLennan reports to Ziad Hindo, Chief Investment Officer.

In addition, Steve Saldanha is promoted to Managing Director, Portfolio Management & Asset Allocation and Jacky Lee is promoted to Managing Director, Portfolio Analytics & Modelling. Both Mr. Saldanha and Mr. Lee report to Mr. McLennan.

Mr. Saldanha is responsible for portfolio management and asset allocation. He joined Ontario Teachers' in 2006 and was most recently Director, Global Tactical Asset Allocation team in Capital Markets, specializing in active public market investments across various asset classes in both emerging and developed countries. Mr. Saldanha is a CFA charterholder and holds a MA in Economics from the University of Toronto.

Mr. Lee is responsible for expanding and developing the Portfolio Analytics and Modelling team focused on asset modelling, portfolio construction and risk analytics. He joined Ontario Teachers' in 2007 and has more than a decade of experience in quantitative research, portfolio construction techniques and investment risk modelling. Mr. Lee holds a Master of Mathematical Finance and a Master of Applied Science in Mechanical Engineering from the University of Toronto.

About Ontario Teachers'
Ontario Teachers' invests and administers Canada's largest single-profession pension plan for the 323,000 active and retired teachers of the province of Ontario. It has $193.9 billion in net assets at June 30, 2018 and holds a diverse global portfolio of assets, with regional offices in London and Hong Kong.

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Media Contact

Pav Jordan
Senior Manager, Investment Communications,
Ontario Teachers' Pension Plan
(416) 228-6862
pav_jordan@otpp.com

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