Ontario Teachers' names private equity chief

Bank of Nova Scotia executive Jane Rowe will replace Erol Uzumeri, who left in May to launch an independent fund.

Ontario Teachers’ Pension Plan has hired Jane Rowe, an executive from the Bank of Nova Scotia, to head up its private equity group Teachers’ Private Capital.

Rowe will replace Erol Uzumeri, who left Teachers’ in May to start his own fund, a spokesperson told PEO.

Jane Rowe

Rowe, who most recently worked as executive vice president of special accounts management and retail credit risk, ran the bank’s mid-market merchant banking group called Roynat Capital from 2004 to 2006. Rowe also worked in the bank’s domestic personal lending and insurance area. She joined the bank in 1987 as an account manager in corporate banking.

Uzumeri had been with Teachers’ since 2003, when he joined as vice president responsible for international investments. In 2007, he was promoted to run the private equity unit.

Teachers’ Private Capital, with a private equity portfolio valued at about C$10 billion (€7.1 billion; $9.7 billion), was established in 1991 as the private investment arm of the C$96.4 billion teachers pension plan.