Ontario Teachers’ Pension Plan has appointed Pierre Cherki as executive managing director for real estate.
This is a newly created role at the global investor, and will see Cherki managing the in-house real estate asset group and a team of almost 40 investment professionals located in Toronto, London, Singapore, Dallas, and São Paulo.
The appointment follows the announcement in June that Ontario Teachers’ would bring Cadillac Fairview’s international investment professionals in-house, aligned with Ontario Teachers’ other investment asset groups. Cadillac Fairview will remain a core part of Ontario Teachers’ global real estate portfolio, with a focus on growth, diversification and densification of its real estate assets in Canada.
Cherki has been a member of the Cadillac Fairview board of directors since 2022. He will take up his new role on 22 January.
The group’s real estate portfolio, inclusive of assets under Cadillac Fairview, is valued at $29.3bn (£23bn) as at 30 June 2023.
Jo Taylor, president and chief executive of Ontario Teachers’, said. “For many years real estate has been an important component of our asset mix. Under Pierre’s leadership we plan to explore ways of effectively diversifying our portfolio by sector and stage internationally.”
Cherki brings more than 25 years of real estate experience to his new role, having spent most of his career at DWS Group, one of the world’s largest managers of alternative investments, with a sizeable global real estate portfolio. He was a member of the DWS executive board and served in numerous senior management positions.
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