06 October 2021
TORONTO, ON – The Ontario Teachers’ Pension Plan Board of Directors announced that Kathryn Fric has been appointed Chief Risk Officer effective November 1, reporting to the President and Chief management Jo Taylor.
Ms. Fric joins Ontario Teachers’ after a long 18-year career with Sun Life Financial, where until recently she was Senior Vice President, Corporate and Operational Risk, responsible for overseeing strategic management. and operational asset-liability and market risks as well as its insurance risk management programs. Previous positions at Sun Life have included Senior Vice President and Chief Credit Risk Officer, Head of Public Fixed Income Credit Research and Portfolio Manager for Public Fixed Income. Kathryn began her career in finance at Ford Motor Co. Canada before moving to Deloitte and then Citibank in increasingly senior roles.
âI am pleased to welcome Kathryn to our management team. She brings significant leadership and in-depth investment and enterprise risk management experience that will reinforce our strong risk culture, âsaid Mr. Taylor. âRisk management is an important capability of Ontario Teachers’ and plays a key role in all of our activities. I have no doubts that Kathryn is well positioned to help the organization understand and manage the complex risks facing our business.
As CRO, Ms. Fric will be responsible for providing independent risk oversight of all risk-related activities, leading the establishment of a risk framework and ensuring that forward-looking strategic and investment opportunities are integrated into business operations and objectives.
Ms. Fric is a designated Chartered Financial Analyst, currently serves on the Board of Directors of the Corporation of Massey Hall and Roy Thomson Hall, and holds a Bachelor of Arts and Masters of Business Administration degree from Western University.
About Ontario Teachers’
The Ontario Teachers’ Pension Plan Board is the administrator of the largest single-profession pension plan in Canada, with net assets of C $ 227.7 billion (all figures are as of June 30, 2021, unless otherwise indicated). It has a diversified global portfolio of assets, approximately 80% of which are managed internally, and has achieved a total annual net fund return of 9.6% since the inception of the plan in 1990. Ontario Teachers’ is an organization independent headquartered in Toronto. . The Defined Benefit Plan, which is fully funded as of January 1, 2021, invests and administers the pensions of the 331,000 active and retired teachers in the province of Ontario. For more information visit otpp.com and follow us on Twitter @OtppInfo.
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