Ontario Teachers’ Pension Plan Board has opened a new office in Mumbai to bolster its existing portfolio in India.
The office is located in the financial hub of the Bandra Kurla Complex, and is Ontario Teachers’ sixth global office and third in the Asia-Pacific region.
Ontario Teachers’ said having a local team and office will support the company in sourcing investments, nurturing long-term partnerships and attracting strong local talent. A founding team of 10 will be based in Ontario Teachers’ Mumbai office by the end of 2022, comprising a mix of local talent and transfers from its other offices.
“India is an attractive investment destination and will be one of our growth markets over the next five to 10 years,” said Jo Taylor, president and CEO of Ontario Teachers’. “It has a large, growing and dynamic economy, with openness to foreign capital which makes it a strategically important market for us.”
The Mumbai office will target invest