Key Takeaways
- • Michael Hill assumes the role of global head of infrastructure and private equity at Ontario's OMERS pension fund, following the exit of the fund's chief investment officer, signaling a leadership restructuring across the investment team.
- • Scott McIntosh has been elevated to lead the equities division, representing a parallel promotion within OMERS' investment hierarchy as part of the broader management shuffle.
- • Hill, who joined OMERS in 2023 from Canada Pension Plan Investment Board (CPPIB), brings institutional asset management experience to the expanded private equity and infrastructure portfolio.
- • The leadership changes reflect OMERS' strategic repositioning of its investment operations, with the CIO departure triggering cascading promotions across multiple asset class divisions.
Summary
Ontario's OMERS (Ontario Municipal Employees Retirement System), the pension fund serving local government workers, has undertaken a significant restructuring of its senior investment team. Michael Hill has been promoted to global head of infrastructure and private equity, while Scott McIntosh ascends to lead the equities function. These moves follow the departure of the fund's chief investment officer, triggering a cascade of internal promotions and role realignments.
Hill brings relevant institutional experience to his expanded mandate. Since joining OMERS in 2023, he has worked within the organization's investment framework. Prior to his tenure at OMERS, Hill held positions at the Canada Pension Plan Investment Board (CPPIB), one of Canada's largest pension managers, establishing a track record in managing institutional capital across alternative and traditional asset classes. His appointment consolidates oversight of two strategically significant asset categories—infrastructure and private equity—under unified leadership based in OMERS' New York office.
The organizational restructuring reflects broader portfolio management considerations for OMERS, a major institutional investor managing retirement assets for municipal workers. By concentrating infrastructure and private equity leadership under Hill while elevating McIntosh to oversee equities, the fund appears to be clarifying reporting structures and decision-making authority across its investment divisions. These changes position both executives to operate with clearer mandates as OMERS navigates evolving capital market conditions and deployment opportunities in alternative and public market strategies.
Hill brings relevant institutional experience to his expanded mandate. Since joining OMERS in 2023, he has worked within the organization's investment framework. Prior to his tenure at OMERS, Hill held positions at the Canada Pension Plan Investment Board (CPPIB), one of Canada's largest pension managers, establishing a track record in managing institutional capital across alternative and traditional asset classes. His appointment consolidates oversight of two strategically significant asset categories—infrastructure and private equity—under unified leadership based in OMERS' New York office.
The organizational restructuring reflects broader portfolio management considerations for OMERS, a major institutional investor managing retirement assets for municipal workers. By concentrating infrastructure and private equity leadership under Hill while elevating McIntosh to oversee equities, the fund appears to be clarifying reporting structures and decision-making authority across its investment divisions. These changes position both executives to operate with clearer mandates as OMERS navigates evolving capital market conditions and deployment opportunities in alternative and public market strategies.
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