Ontario Teachers’ Pension Plan Board has appointed Jenny Hammarlund as executive managing director of its C$29bn (€18bn) real estate business.
Starting 5 January 2026, Hammarlund will oversee the global real estate strategy, portfolio and asset management. She will be based in London and become a member of the investments senior leadership team, reporting to Gillian Brown, chief investment officer, public and private investments.
Hammarlund has over 20 years of experience in private equity, primarily focused on real estate acquisitions. Prior to this appointment, Hammarlund led the real estate investment group in the UK and Europe.
She joined Cadillac Fairview (CF) in 2021 and moved to Ontario Teachers’ in 2024 when the international real estate team at CF was absorbed by Ontario Teachers’.
She previously held senior real estate-focused roles at HIG Capital, KKR, Värde Partners and Lehman Brothers.
Brown said: “I am pleased to see Jenny step into this leadership role at a critical time for our plan. Real estate is an important asset class for Ontario Teachers’ as it helps provide stable and predictable income to match our long-term liabilities, and its returns are typically uncorrelated to those of equities or bonds.
“Her leadership skills and experience investing globally make her the ideal person to drive our performance-focused diversification strategy in real estate over the coming years.”
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