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OMERS Ventures makes another senior hire Add to ...

OMERS Ventures, the pension’s fund new venture capital arm, has hired Derek Smyth as a managing director.

Prior to joining OMERS, Mr. Smyth co-managed two venture capital funds at Edgestone Capital Partners, and was previously president and chief executive officer of Bridgewater Systems, which was bought by Amdocs in June.

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This is the second big senior hire for OMERS is as many weeks. Earlier this month the firm announced it is bringing on Howard Gwin as a managing director to focus on technology.

OMERS launched its $180-million venture capital fund in October, and is led by John Ruffolo.

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