Ontario Teachers' Pension Plan says investments in Asia, Australia and beyond are of growing importance as the plan creates a new role in the region.
Teachers has appointed Nicole Musicco to the newly created position of managing director for Asia-Pacific. She will also lead the Hong Kong office, which was started in 2013.
Ms. Musicco has been with Teachers since 2002 and was most recently vice-president of Teachers' Private Capital in Toronto. In that role, she oversaw externally managed private equity and venture capital fund positions, among other responsibilities.
The pension plan said her latest move represents the increased commitment that Teachers has to investments in the Asia-Pacific region, and how important it will be to the fund's future. The office covers a group of countries that includes Australia, which has been a hot spot for global infrastructure investment activity in recent months.
"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," said Ron Mock, chief executive of the plan, in a statement. He is also serving as interim chief investment officer.
Ms. Musicco will work with Teachers partners in the region and find new investment opportunities, as well as execute deals. Teachers had a $12-billion portfolio of assets in the region, as of the pension plan's disclosure at the end of last year.