Ontario Teachers’ Pension Plan appoints APAC MD

The Canadian pension fund has appointed Nicole Musicco to lead the firm’s investments in the region.  

The Ontario Teachers’ Pension Plan, the Canadian pension fund, has appointed Nicole Musicco as managing director for Asia-Pacific and head of the Hong Kong office.

In what is a newly-created role for the region, Musicco will be responsible for the full investment cycle from origination to execution across different asset classes including private equity and real estate.

Musicco will be moving to Hong Kong from Toronto, where she was serving as vice president for Teachers’ Private Capital. She has been with Ontario Teachers’ Pension Plan since 2002 and has held several senior roles. She has experience in both direct and fund investing.

“Nicole’s new role reflects our growing commitment to the Asia-Pacific market and its importance to the future of our fund,” said Ron Mock, chief executive officer and interim chief investment officer. “Her experience with our partners internationally and her knowledge of the Asia-Pacific region specifically made her the logical candidate for this important, newly-created position.”

The pension fund opened its first Asia-Pacific office in Hong Kong in 2013. As of December last year, Ontario Teachers’ Pension Plan had $12 billion worth of assets across different investment classes in its portfolio in Asia. No specific breakdown of the firm’s real estate investments was disclosed.

In Canada, The Ontario Teachers’ Pension Plan, which manages the pensions of 31,000 active and retired Ontario teachers, had $154.5 billion in net assets under management as of December 2014, making it the largest single profession pension plan in Canada.