The Ontario Teachers’ Federation (OTF) today announced the appointment of Louis Martel to the board of directors of the Ontario Teachers’ Pension Plan (OTPP).

Educated at Laval University, Martel is also a Fellow of the Society of Actuaries and a Fellow of the Canadian Institute of Actuaries. Currently, he is vp of product development and client service for Greystone Managed Investments.

Martel has worked with Mercer, Watson, Wyatt and Aon Consulting. While at Aon Consulting, he was a senior pension and investment consultant. In this capacity, he worked with the Ontario Teachers’ Federation as an independent actuarial consultant on matters relating to the Ontario Teachers’ Pension Plan.

“The Executive of OTF came to know Louis Martel and to appreciate his skills when he served as our consulting actuary,” said Hilda Walkins, president, OTF. “We have every confidence that he will demonstrate his strategic sense and his understanding of investments as one of our representatives on the Plan board of directors.”

The appointment is effective Jan. 1, 2007 and follows a nationwide search by OTF.

OTPP is jointly sponsored by OTF and the Government of Ontario. Each partner names four people to the board of directors, and jointly names the chairman. Directors serve for two years renewable to a maximum of eight years.

OTPP is responsible for investing the US$84 billion fund and administering the pensions of Ontario’s 163,000 elementary and secondary school teachers and 101,000 retired teachers.