Ontario Teachers' loses Asia head

Alison Nankivell was set to lead OTPP’s Asian private equity activities in Hong Kong before she joined Canada's BDC to head a venture capital initiative.

Alison Nankivell has resigned from the Ontario Teachers' Pension Plan and in August was named vice president of the Business Development Bank of Canada’s venture capital division, spokespersons from the pension system and the bank confirmed with Private Equity International.

Nankivell was unavailable to comment at press time. 

Nankivell

The former director of Asian funds at the Ontario Teachers’ Pension Plan, Nankivell has 22 years of Asia-related experience and was set to become the head of Asian private equity at Teachers’ before she resigned from the organisation. She had planned to move to the pension’s new Hong Kong office in late June or early July, but she  chose to leave OTPP and stay in Ottawa for personal reasons, the pension's spokesperson said. Prior to joining OTPP in November 2012 she worked at export credit agency Export Development Canada where she held Beijing-based positions. 

The spokesperson did not comment on potential replacements for the Hong Kong role.

At BDC, Nankivell will lead the bank’s efforts in support of the Canadian government’s Venture Capital Action Plan out of the bank’s Ottawa office. She works under Jérôme Nycz, BDC’s executive vice president of venture capital and subordinate fundraising, the spokesperson said. Nankivell’s position is new and was created so the bank could work with the venture capital programme that is managed by Finance Canada.

BDC will advise the government on issues such as domain expertise and provide assistance in due diligence. In January, Canadian Prime Minister Stephen Harper implemented the programme which aims to improve access to venture capital financing by high-growth companies. The government has set up several national funds of funds and at BDC the government’s fund is separate from the bank’s venture capital funds, according to the bank’s spokesperson.