Leech Says Ontario Teachers’ Opening Office in Hong Kong

Ontario Teachers’ Pension Plan received its full licensing in Hong Kong today and the fund will open an office there, according to Chief Executive Officer James Leech.

“Today we received notification that we have our full licensing in Hong Kong and we will be opening a Hong Kong office in the next couple of months with some feet on the street now,” Leech, 65, said at the Bloomberg Canada Summit in Toronto. “I think that signals what we are doing.”

Leech said 70 percent to 80 percent of world trade will be among Asian economies.

“That’s where wealth will be created and where we have to be to take advantage of that,” said Leech.

To contact the reporter on this story: Katia Dmitrieva in Toronto at edmitrieva1@bloomberg.net

To contact the editor responsible for this story: Chris Fournier at cfournier3@bloomberg.net

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