OMERS has appointed Michael Hill as global head of infrastructure and private equity as part of an investment team reshuffle triggered by the departure of chief investment officer Ralph Berg, according to a report by Bloomberg.
Hill, who is based in New York, joined OMERS in 2023 from Canada Pension Plan Investment Board, where he focused on private equity investments in the energy sector. He was previously head of infrastructure at OMERS.
Berg is leaving the CAD145bn pension plan to join Singapore’s Temasek. Following his departure, OMERS chief executive Blake Hutcheson has assumed CIO responsibilities.
The changes follow a difficult year for OMERS’ private equity business, which recorded its first annual loss since 2020 after declining 2.5% in 2025. The pension plan attributed the performance to weakness in its earlier-stage growth and venture portfolios, as well as currency losses.
Under the new structure, Michael Block will take on a broader private capital mandate focused on deepening relationships with private fund managers.
