OMERS to open Singapore office

Ontario Municipal Employees Retirement System has plans to open an office in Singapore in January 2018.

Bringing the OMERS presence to Singapore is part of a multi-year strategy being carried out by OMERS to identify promising investment opportunities in emerging markets. At the end of 2016, the geographic distribution of OMERS holdings saw 40 percent of its assets in Canada, 37 percent in the United States, 17 percent in Europe and 6 percent in other parts of the world.

“Our decision to locate in Singapore is consistent with our overall effort to further diversify OMERS’ global investment holdings,” said Michael Rolland, CIO, OMERS Private Markets, appointed by OMERS to lead the development of the company’s presence in Singapore. “Earlier this year, our OMERS infrastructure team made its first-ever direct investment in South America. Also in 2017, Oxford Properties, OMERS’ real estate arm, became a co-investor in Berlin’s Sony Center, marking its first investment in Germany. In 2016, OMERS Infrastructure made its first major investment in Australia, in the Port of Melbourne. This is in addition to ongoing global mergers and acquisitions completed by various companies in OMERS private equity portfolio.”

The OMERS office in Singapore will be located at One Raffles Quay.