The Healthcare of Ontario Pension Plan is an independent provider of pensions specifically tailored to Ontario's healthcare sector. It is one of the largest and most respected pension plans in Canada and is an industry leader among multi-employer plans. Its excellent management team has achieved long-term growth and drives plan performance to ensure continued success into the future. Visit www.hoopp.com for more information.
For questions about your HOOPP pension:
Visit: https://www.hoopp.com/contact-us
Call: 416-646-6445 or 1-877-43-HOOPP(46677)
Fax: 416-369-0225
Office hours: 8am - 5pm, Monday - Friday
History
The Hospitals of Ontario Pension Plan was established by the OHA on January 1, 1960 to meet the retirement needs of the health care community. In 1993, HOOPP was continued as a multi-employer plan governed by a private trust agreement. In 2010, the name was changed to Healthcare of Ontario Pension Plan. The plan is a jointly sponsored pension plan whose primary purpose is to provide monthly payments to members for their lifetime after retirement.
HOOPP Governance
HOOPP is governed by a Board of Trustees that is committed to its fiduciary responsibility to administer the plan and maintain the fund in the best interests of HOOPP's members.
The Board is composed of 16 Trustees who are appointed by five Settlor organizations: Ontario Hospital Association, Ontario Nurses' Association, Ontario Public Service Employees Union, Service Employees International Union, and Canadian Union of Public Employees. Each union appoints two members and the OHA appoints eight - fully half of the members of HOOPP's Board.
The OHA-appointees select a Lead Trustee who shares leadership of the HOOPP Board. The Chair and Vice-Chair are selected by the OHA-appointed Trustees and the union-appointed Trustees, on an alternating basis. These leaders ensure that HOOPP remains focussed on its mission to provide the foundation for a financially secure retirement for Ontario's healthcare workers.
Settlor organizations also may appoint non-voting observers to the Board who represent pensioners. Each union Settlor may appoint one Observer and the OHA may appoint up to four.
OHA's Relationship with HOOPP
As a Settlor of HOOPP, the OHA takes its stewardship responsibilities very seriously. The OHA's HOOPP Secretariat is an planning body internal to the OHA that assists the OHA's Board and management with strengthening the Association's stewardship of an independent HOOPP. As the focal point for all HOOPP-related matters within the OHA, the Secretariat identifies and coordinated activities related to HOOPP. This includes but is not limited to activities that strengthen:
- HOOPP's governance, and the Board-to-Board relationship between OHA and HOOPP;
- OHA's fulfillment of its settlor responsibilities;
- Relationships with key stakeholders (HOOPP Working Group, other settlors, OHA appointees to the HOOPP Board of Trustees, etc.);
- OHA's pension accounting capacity and understanding of pension governance and Ontario's pension regulatory environment; and,
- OHA's communications strategy in support of the Association's settlor role and of HOOPP's independence.
There are regular board to board meetings of the OHA with the lead OHA-appointed Trustee and senior management of HOOPP to ensure a shared understanding of the state of the Pension Plan and emerging issues that could impact its continued success. The OHA Board monitors developments in the Canadian and global regulatory environment affecting pension plans that supports HOOPP in its efforts to respond to these changes.
The OHA Board pays close attention to the expertise required to ensure the on-going success of HOOPP. A Competency and Diversity Framework for OHA Appointees has been adopted to assist the OHA Board in identifying the right people as Trustees of this highly successful pension plan.
The Lead Trustee liaises with the OHA Board to ensure the governance relationship between the two organizations functions well and provides advice to the OHA in relation to its responsibilities to HOOPP.
The Lead Trustee also collaborates with the OHA's President and CEO to develop tools and resources to support Trustees appointed by the OHA. As part of this commitment to HOOPP and its members, OHA has allocated resources to support the OHA-appointed Trustees in their governance role through administrative services and education about the health care context in Ontario and to liaise with HOOPP regarding emerging issues of mutual interest for which the OHA's position of Settlor could support HOOPP's efforts.
OHA Appointees to the HOOPP Board of Trustees
Debra Alves has 35 years of experience in pension investment and treasury management. From 2007 to 2018, she was the Managing Director and CEO of the CBC Pension Plan, a federally regulated, contributory defined benefit pension plan. As CEO, she provided strategic oversight for the internally and externally managed investment portfolios and the administration of pension benefits. During her tenure, she focused on liability-aware investment strategies acknowledging the important fiduciary duty owed to Plan members. Prior to the CEO position, she was the Strategic Investments Portfolio Manager responsible for Fund-wide asset mix determinations, oversight of externally managed public mandates and the portfolio management of an alternatives (private equity, infrastructure, and hedge funds) portfolio.
Since retiring from the CBC Pension Plan in October 2018, she has continued to expand her governance skills by sitting on various boards and committees. She currently sits on the board of the Ottawa Climate Action Fund, the Carleton University Investment Committee, the City of Ottawa Investment Board and the Pension Investment Committees of the Ottawa International Airport and the Canadian Forces Welfare and Morale Services.
Debra holds a Chartered Financial Analyst designation from the CFA Institute and an ICD.D designation from the Institute of Corporate Directors.
Julie Cays is the retired Chief Investment Officer of the CAAT Pension Plan. She led the investment function there for fifteen years, building the portfolio and team into a top-performing fund and organization over that time. Prior to that role, Julie spent five years at HOOPP where she was responsible for the external manager program. She also spent sixteen years at CIBC in various treasury, capital funding and pension investment roles.
Julie has been extensively involved in investment industry associations, including acting as chair of the board of the Canadian Coalition for Good Governance (CCGG) and the Pension Investment Association of Canada (PIAC). She is currently a member of the Pension Investment Committee for the University of Waterloo pension fund and of the Investment Advisory Committee of the Fairwater Capital Corporation, a family office.
Julie lives on Lake Simcoe and is an active volunteer at the Orillia Soldiers' Memorial Hospital.
Dinaz Dadyburjor is an independent senior executive with significant leadership experience in finance, risk and governance. She is a seasoned business leader with 30 years of experience working with large global organizations across multiple business functions. She has extensive experience with corporate boards and non-profit boards as a Board and Audit Committee member.
Dinaz was a Managing Partner at Brookfield Asset Management Inc., one of the largest global alternative asset managers with over $900B in assets under management operating in 30+ countries. Her roles included executive oversight for Brookfield's private funds finance and operations, investor and funding management, risk, governance and ESG. Before that, Dinaz was a senior finance executive overseeing fund operations at IGM, one of Canada's largest investment management firms with over $250B in assets under management and advisement.
Dinaz holds a Bachelor of Business Administration degree from the University of Miami (Magna cum Laude with honours) and has a CPA designation (Ontario). Dinaz currently serves on the board of Sprott Inc., an asset manager based in Canada and the U.S.
Anthony Dale, President and CEO, Ontario Hospital Association.
Karli Farrow is the President and CEO at Trillium Health Partners (THP). Previously she was the Executive Vice-President of Patient Care Services and Chief Operating Officer where she was accountable for clinical operations and the delivery of exceptional patient experiences. She also oversaw capital planning and redevelopment to ensure that all future planning at THP is closely linked to the delivery of patient care.
Karli joined THP in 2009 prior to the merger of Credit Valley Hospital and Trillium Health Centre. She provided leadership to support the merger of the two organizations in 2011. She has since led innovative processes to engage people within the organization and in the community to achieve the hospital's strategic mission to deliver a new kind of health care for a healthier community.
Prior to joining THP, Karli worked in health care consulting where she led projects focused on reducing wait times and improving chronic disease management. She has also served in senior advisory roles for the Ontario Government, including Director of Policy for the Premier of Ontario and Chief of Staff to the Minister of Health and Long-Term Care, where she helped develop and implement strategies to improve access to care and long-term sustainability of the health care system in Ontario.
Karli is Chair of the Nominations and Governance Committee of Shared Services West, a health care shared services organization with expertise in supply chain management and process optimization, and serves on the Board of Trustees of the Healthcare of Ontario Pension Plan (HOOPP).
Karim Mamdani is the President and CEO of Ontario Shores Centre for Mental Health Sciences (Ontario Shores), a public specialty hospital that provides specialized assessment and treatment services for people living with complex mental illness. The teaching hospital engages in research, education and advocacy initiatives.
Karim's areas of focus include employee engagement, financial and operational management, governance, land and building development, collective bargaining and strategy development and execution. He has worked at a number of academic health science centres including the Centre for Addiction and Mental Health, University Health Network and the Hospital for Sick Children.
Karim is the past Vice Chair of the Ontario Hospital Association Board of Directors, Chair of the Board for RGP Toronto, Chair of the Audit and Finance Committee at the Canadian Institute for Health Information and a Board member of HOOPP. He is also the former Chair of Addictions and Mental Health Ontario. Karim holds an MBA from McMaster University and is a CPA.
William (Bill) W. Moriarty, CFA currently serves as a Trustee of the Healthcare of Ontario Pension Plan and Chair of the Asset-Liability Committee, Chair of the Invesco Canada Funds Advisory Board, Chair of Invesco Canada's Independent Review Committee, Senior Advisor to RP Investment Advisors, a Director of Canadian Overseas Investment Ltd., Chair of the MSK Charitable Foundation and an Advisor to CTM Biomedical Inc. Bill is the former President, Chief Executive Officer and Chief Investment Officer of University of Toronto Asset Management Corporation, a registered Portfolio Manager and Investment Fund Manager. Prior to joining UTAM during 2008, Bill was a Vice Chairman of RBC Capital Markets.
Over his career at RBC, Bill served as: Director of Equity Research and Chair of the Investment Strategy Committee; Head of the Global Research Division; Head of the Global Equity Division; Co-Head of the Capital Markets Services Division; and, Head of the Alternative Investments Division. He was also a member of the RBC Capital Markets' Operating and Executive Committees, Royal Bank of Canada's Pension Investment Committee, and a Director of RBC Asset Management Inc. (mutual funds) and RBC Capital Partners Limited (private equity).
In addition, Bill has served on several community, industry and public Boards and was a founding Director of the Investment Industry Regulatory Organization of Canada and Chair of Market Regulation Services Inc. (the SRO that regulated securities trading and market related activities of participants on Canadian Stock Exchanges and alternative trading systems). He also served as a member of the Ontario Ministry of Finance's Pooled Asset Management Implementation Working Group. Bill holds a BA from the University of Toronto, an MA from the University of Chicago, a CFA from the CFA Institute and completed the Board Effectiveness Program at the Rotman International Centre for Pension Fund Management.
John Sinclair recently retired as the President and Chief Executive Officer of Vestcor Inc. (formerly the N.B. Investment Management Corporation - NBIMC). His primary responsibility was the leadership of both the investment management and benefit administration services for several public sector-based client groups that totaled more than $20 billion in assets.
He started his career in a logistics planning role with General Motors Corporation and worked in a number of corporate and investment banking positions with Citigroup Inc. John joined NBIMC in 2000, and subsequently became the Chief Investment Officer from 2002 until early 2016, and President and CEO from 2003 to April 2024.
A native of New Brunswick, he holds both a B.Sc. and M.Sc. in Civil Engineering from the University of New Brunswick, and an MBA with distinction from the Ivey Business School at Western University. He is a member of the Institute of Corporate Directors, serves on the Advisory Board of Atlantic Industries Limited and is a past Director of the Canadian Coalition for Good Governance and the Pension Investment Association of Canada. John also participates on the Investment Committees of the University of New Brunswick and the Fredericton Community Foundation.
Poul Winslow currently serves as a Director on the Boards of Sunnybrook Health Sciences Centre (Sunnybrook), Enstar Group Ltd. and the International Centre for Pension Management (ICPM), as well as on the Investment Committees of Sunnybrook (Chairman) and University of Toronto (UTAM). Poul also provides advisory assignments through Leaf Creek Advisors.
Earlier in his career, Poul was on the Board of Directors of the Standards Board for Alternative Investments (SBAI, previously HFSB) and Viking Cruises Ltd.
Poul Winslow retired in May 2022 from the Canada Pension Plan Investment Board (CPPIB) where he was the Senior Managing Director and Global Head of Capital Markets & Factor Investing. In this role, he oversaw various departments including Global Capital Markets; Quantitative Strategies; External Portfolio Management; Finance, Collateral Management and Trading, and Macro/Strategic Tilting.
In previous roles, Poul served as the Chief Investment Officer for Swedish national pension plan AP2 (Andra AP-Fonden) and in Executive Management at Nordea Investment Management in Denmark, Sweden and the U.S.
Poul's academic background is in Economics and Management, having earned undergraduate and master's degrees from Aarhus University in Denmark.
Nick Zelenczuk was the Senior Managing Director and Chief Operations Officer of the Canada Pension Plan Investment Board, a professional investment management organization that invests the funds of the Canada Pension Plan to pay current benefits on behalf of over 20 million Canadian contributors and beneficiaries; this role followed four years as Chief Financial Officer of CPPIB. Nick has more than 30 years of experience in the financial services industry. He has held a number of senior roles in investment banking, telecommunications, and consulting. Earlier in his career, he served as President and CEO of Deutsche Bank Canada.
Nick holds an Honours Bachelor of Commerce degree from Queen's University, has a CPA designation and is a Fellow of CPA Ontario. Nick also holds the ICD.D designation from the Institute of Corporate Directors. Nick currently serves on other boards including Laurentian Bank Canada (a schedule 1 bank based in Montreal, Quebec) , Teine Energy Ltd. (an oil and gas exploration and production company based in Calgary, Alberta), Wilton Re Ltd. (a life reinsurance company based in Norwalk, Connecticut), and Opera Atelier (a baroque period opera company based in Toronto, Ontario).
