Ontario Teachers' Seeks New Head of Private Equity as Erol Uzumeri Leaves

Ontario Teachers’ Pension Plan will search for a new head of private equity after Erol Uzumeri said he’s leaving the Toronto-based pension fund manager.

Uzumeri, who joined Teachers’ in 2003, plans to leave on May 14, said spokeswoman Deborah Allan. The Globe and Mail reported today he’s starting his own money-management firm. Chief Investment Officer Neil Petroff will assume Uzumeri’s job in the interim, Allan said. Ontario Teachers’ is Canada’s third- biggest retirement plan.

A message left with Uzumeri wasn’t immediately returned.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

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