Pierre Cherki will take leadership of global real estate investment for Ontario Teachers’ Pension Plan when its new in-house asset management group launches early next year. In the newly created position of executive managing director, real estate, he will head Ontario Teachers’ investment activity and portfolio management outside Canada, including the oversight of nearly 40 investment professionals located across four continents.

“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,” says Jo Taylor, president and chief executive officer of Ontario Teachers’.

Ontario Teachers’ earlier announced reorganization of its real estate activities takes effect January 1, creating a new entity for foreign asset management and scoping Cadillac Fairview’s functions to within Canada. Cherki has been a member of Cadillac Fairview’s board of directors since 2022, and has extensive experience in investment management and global real estate portfolios while holding senior management positions with DWS Group.

“I’m delighted to be joining Ontario Teachers’ and look forward to leading a strong team of global professionals in supporting further growth in the real estate portfolio,” Cherki says.