OTPP infra boss Dowd out

Stephen Dowd is no longer with Ontario Teachers’ Pension Plan. As senior VP in charge of infrastructure, he managed a C$8.7bn portfolio.

Stephen Dowd is no longer with Ontario Teachers’ Pension Plan (OTPP), confirmed Deborah Allan, a spokeswoman with the C$117 billion (€88 billion; $118 billion) pension plan.

Dowd headed infrastructure for OTPP, also known as Teachers’. Dowd, senior vice president, infrastructure, for the Plan, joined the Toronto-headquartered pension fund administrator in 2008.

Allan declined to detail what prompted Dowd and OTPP to part. She said Dowd stopped working for Teachers’ the week of March 11. 

Jane Rowe, senior vice president, private capital for OTPP, will assume the C$8.7 billion infrastructure portfolio Dowd managed, Allan said. She went on to explain the public pension has not determined if OTPP will hire a replacement for Dowd.

Teachers’ is a pioneering direct investor in infrastructure, taking ownership and operation of Birmingham Airport in the UK, for example.

Prior to joining OTPP, Dowd worked for Enron Corporation, remaining with the publicly traded company through its highly publicised bankruptcy.

In a ‘Keynote Interview’ for the February issue of Infrastructure Investor magazine, Dowd praised his job with OTPP. “You can balance public service,” he said.

To read the full interview with Dowd, please click here.