The C$247.2 billion ($186.9 billion) Ontario Teachers’ Pension Plan has promoted Bruce Crane to executive managing director and head of its Asia-Pacific region, effective immediately. He succeeds Ben Chan, who retired in June.
Crane was most recently a senior managing director, responsible for overseeing and managing infrastructure and natural resources investments for the pension fund in the Asia-Pacific region. Crane, who now reports to CIO Ziad Hindo, has been tasked with leading investment activities and portfolio management for the Asia-Pacific region at Ontario Teachers’ offices in Hong Kong, Singapore and Mumbai, India. According to the pension fund, it currently has more than 85 employees in the region.
“As head of APAC, Bruce will play a leading role as we continue to progress our global growth strategy and deepen our investment activities across the region,” Hindo said in a release. “He has done an outstanding job over the last three years building our [infrastructure and natural resources] portfolio and team in the region. His extensive global experience, exceptional knowledge of the APAC region and the strong relationships he has cultivated both inside and outside the plan make him a natural choice for this expanded role.”
Crane joined the pension fund in 2020 as the first employee in its Singapore office, with a mandate to open an office there and staff it during the COVID lockdown. At the same time, he was also managing the pension fund’s infrastructure and natural resources portfolio in the Asia-Pacific region.
Before joining OTPP, Crane worked for nearly 10 years at Toronto-based OMERS Infrastructure, the infrastructure investment adviser and manager of the Ontario Municipal Employees’ Retirement System, where he most recently led their investments in Asia. He was also based in New York, where he focused on North and South America transport and energy investments. Prior to OMERS, Crane worked in investment banking at UBS and Morgan Stanley. Before that, he was a field engineer for Swiss global engineering conglomerate Foster Wheeler.
He holds a B.S. in civil engineering from Lehigh University and an MBA from the Columbia Business School.
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Tags: APAC, Asia-Pacific, Ben Chan, Bruce Crane, Canada, India, Ontario Teachers' Pension Plan, OTPP, Pension Fund, Singapore, Ziad Hindo