The organization administering pensions for over 300,000 Ontario teachers is closing its Hong Kong office.
The Ontario Teachers’ Pension Plan says it is closing its Hong Kong office, the first it established in the Asia Pacific in 2013, as part of an effort to “optimize” its presence in the region. The decision, made earlier this year, was announced in an unrelated March 20 press release.
Teachers’ spokesperson Dan Madge said they will be winding down their operations in Hong Kong over the next year and a half or more, and will focus operations in Singapore and Mumbai. Offices in those regions were opened in 2020 and 2022, respectively….