(Toronto, February 22, 2010) - OMERS, one of Canada's largest pension funds, has been chosen by World Finance Magazine as Pension Fund of the Year 2010, Canada.
The World Finance Pensions Awards judging panel used a wide range of criteria to reach its decision for the 2010 Global Pensions Funds Awards, lending the critical eye of a collective 175 years of business journalism to the exhaustive information gathered by the award body's research team. The judges looked for a company that provided a genuinely valuable service, in particular the focus was placed on the financial stability of the company, enhancements to their core service(s), approach to risk and corporate governance and the development of their staff.
"We are thrilled to be honoured with this prestigious award and are grateful to the team at World Finance for their recognition," said Michael Nobrega, President & CEO of OMERS. "To be recognized internationally for our commitment to rigorous risk management, client service, transparency, best practices in corporate governance as well as the innovations we offer as an employer is a significant achievement."
OMERS is in the midst of unprecedented growth and the pursuit of emerging global opportunities as we expand our international presence including offices in London and New York City, bringing us closer to our partners and assets around the world.
In December, Hewitt Associates and The Globe and Mail Report on Business published their list of the 50 Best Employers in Canada and, for the second year in a row, OMERS Administration Corporation was the only pension plan to garner such recognition. In addition OMERS was shortlisted for the prestigious National Award in Governance by the Conference Board of Canada and Spencer Stuart.