The Ontario Municipal Employees Retirement System, one of Canada’s largest pension funds, announced Wednesday the appointment of Paul Haggis as president and CEO.

The appointment is effective September 8.

“We are confident Mr. Haggis’ experience and leadership will ensure OMERS continued success in the future. He has a thorough understanding of the investment industry, and is familiar with the challenges and opportunities facing pension plans,” said Bill Rayburn, OMERS board chair.

Haggis brings a wealth of experience to the position, with a background in banking and insurance, including Alberta Treasury Branches, Manulife Financial and Metropolitan Life Insurance, and in public sector pension fund management, having served as a director on the Public Sector Pension Investment Board since April 2000. He also served as interim CEO from March until July 2003.

Haggis will succeed current OMERS president and CEO Dale Richmond, who will be retiring after 10 years at the helm. Rayburn stated, “Dale Richmond demonstrated strong leadership throughout the last 10 years and he leaves the organization on solid ground. We thank him for all his contributions. ”

Haggis is a graduate of the University of Western Ontario. He is married and has two sons.

OMERS provides secure retirement benefits to 330,000 active and retired members on behalf of over 900 local government employers across Ontario.