OTPP names new managing director for Real Estate

Global investor Ontario Teachers' Pension Plan (OTPP) Board has announced that Jenny Hammarlund will become their new executive managing director, Real Estate, starting 5 January 2026.

Jenny Hammarlund

Based in London, Hammarlund will be in charge of the global strategy, portfolio, and asset management for the real estate team. She will also join the Investments Senior Leadership Team and report to Gillian Brown, CIO, Public & Private Investments.
With over 20 years of experience in private equity and real estate acquisitions,  Hammarlund previously headed the real estate investment group for the UK and Europe. She joined Cadillac Fairview in 2021 and moved to Ontario Teachers' in 2024 when Cadillac Fairview's international real estate team was integrated into Ontario Teachers'. Her experience includes senior real estate roles at H.I.G. Capital, KKR, Värde Partners, and Lehman Brothers.
Gillian Brown commented: “I am pleased to see Jenny step into this leadership role at a critical time for our plan. Real estate is an important asset class for Ontario Teachers’ as it helps provide stable and predictable income to match our long-term liabilities, and its returns are typically uncorrelated to those of equities or bonds. Her leadership skills and experience investing globally make her the ideal person to drive our performance-focused diversification strategy in real estate over the coming years.”