{"id":631930,"date":"2026-06-10T22:03:09","date_gmt":"2026-06-10T22:03:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/631930\/"},"modified":"2026-06-10T22:03:09","modified_gmt":"2026-06-10T22:03:09","slug":"omers-chief-investment-officer-ralph-berg-to-leave-pension-plan-on-july-1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/631930\/","title":{"rendered":"OMERS chief investment officer Ralph Berg to leave pension plan on July 1"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

OMERS President and CEO Blake Hutcheson at the U.S.-Canada Summit in Toronto in October, 2025. Hutcheson will take on the CIO\u2019s duties in addition to his current role, ‘effective immediately,’ an OMERS spokesperson says.Sammy Kogan\/The Globe and Mail<\/p>\n

Ontario Municipal Employees Retirement System chief investment officer Ralph Berg is leaving the pension plan on July 1 to take a London-based job.<\/p>\n

Mr. Berg is expected to join Temasek Holdings Ltd., a Singaporean state-owned investment firm that manages more than US$520-billion of assets, in a leadership role overseeing private-market investments, two sources said. <\/p>\n

The Globe and Mail is not identifying the sources as they were not authorized to discuss the matter. <\/p>\n

OMERS, other Canadian backers sitting on massive Xanadu stock returns \u2013 but they can\u2019t sell yet<\/a><\/p>\n

OMERS chief executive officer Blake Hutcheson will take on the CIO\u2019s duties in addition to his current role, \u201ceffective immediately,\u201d OMERS spokesperson Don Peat said in a statement. <\/p>\n

Mr. Hutcheson told the pension plan\u2019s staff about Mr. Berg\u2019s coming departure in an internal memo circulated on Wednesday morning, which did not disclose details of his new role.<\/p>\n

Mr. Berg has been the CIO at OMERS for three years<\/a>, after previously leading its capital markets arm. He joined the Toronto-based pension fund in 2013. <\/p>\n

\u201cWe thank Ralph for his many contributions throughout his years at OMERS, and wish him success in the next chapter of his career,\u201d the OMERS statement said.<\/p>\n

OMERS aims to add $10-billion in new investment in Canada over five years<\/a><\/p>\n

Last year, OMERS reported a 6-per-cent return<\/a> on its investments that fell short of its internal benchmark thanks to a weak U.S. dollar and sluggish private equity performance. But the plan made investment profits across most of its portfolio.<\/p>\n

More recently, Mr. Hutcheson said OMERS plans to add at least $10-billion<\/a> in new investments in Canada to its portfolio over the next five years, as the country seeks to become a more attractive destination for investing global capital.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: OMERS President and CEO Blake Hutcheson at the U.S.-Canada Summit in Toronto in…\n","protected":false},"author":2,"featured_media":631931,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[1399,1387,1400,390,1377,1401,84,626,1376,1392,1393,1389,1378,1375,1294,1398,1397,1391,4176,1385,1412,1379,1380,80,1388,655,1382,1402,1383,1407,1408,1410,1405,1409,1403,1406,4174,4175,1381,1395,1396,229,1394,1404,1386,86,387,1390,56,54,55,1384,231,1411],"class_list":["post-631930","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-finance","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-personal-finance","tag-personalfinance","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/631930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=631930"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/631930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/631931"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=631930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=631930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=631930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}