CANADA - The C$100bn Ontario Teachers' Pension Plan (OTPP) has appointed Paul Tellier as board chairman of its newly formed private investment company.
Global Container Terminals (GCT) was created to hold and direct OTPP’s infrastructure investments in marine container terminals, which were acquired under an agreement in January.
Tellier is one of the first appointments to the board, which is expected to be largely made up of independent members.
He is a member of GM Canada’s advisory board a strategic advisor to Société Générale, and a former CEO of Canadian National Railway and Bombardier. OTPP said it hoped his presence would attract “like-minded top executive talent” to serve on the board.
GCT investments is currently comprised of terminals at the Port of Bayonne, New Jersey, and Vancouver, British Columbia, while regulatory approval of the acquisition of a terminal on Staten Island in the Port of New York is still pending.
Container terminals are the interface between sea and land-based container transport.
Partner Insight: In recent years, pensions administrators have seen scheme member engagement increase significantly. The advent of pension freedoms in 2015 and the increased choices faced by members have led to a sea-change in the levels and types of...
The Pension Protection Fund (PPF) and The Pensions Regulator (TPR) are probing the sale of Johnston Press as concerns are raised over the impact on the publishing house's pension fund.
The Co-operative Group's pension scheme, Pace, will invest up to £50m into the social and affordable housing market over the next 12 months.