Managing Director, Financial Services, Private Capital
The opportunity
Ontario Teachers' Pension Plan Board (Ontario Teachers') is a global investor with net assets of ~$279 billion as of December 31, 2025. Ontario Teachers’ is a fully funded defined benefit pension plan, and it invests in a broad array of asset classes to deliver retirement security for 346,000 working members and pensioners. Our Private Capital group deploys ~$60 billion across direct private equity investments and private equity funds globally.
The Managing Director will lead investments end-to-end — from origination through exit — sponsor transactions at Underwriting Committee, take active board roles at portfolio companies, and help build and develop the Financial Services investment team. This is a senior seat for a candidate with a proven private equity track record and deep Financial Services expertise.
Who you'll work with
Reporting to the Senior Managing Director, the role will be part of a deal team comprising analysts, associates, principals, directors, and managing directors, supported by third-party consultants, operating executives, and legal and accounting advisors dedicated to each transaction.
The Financial Services team invests across sub-sectors including Insurance, Wealth & Asset Management, Lending, Professional Services, and Cards & Payments, with particular need to understand the regulatory, AI, and digitization themes reshaping the sector. The role will also potentially partner with colleagues in OTPP's global offices on international investment and / or cross asset class opportunities in Financial Services.
What you'll do
Lead deal teams end-to-end, from origination through close and through the life of the investment; serve as the named sponsor at Underwriting Committee and author Underwriting Committee papers.
Own deal execution with limited oversight — including pricing, structuring, financing, and final commercial and legal negotiating positions.
Take active board leadership roles at portfolio companies; drive value creation agendas with management and sponsor follow-on capital, M&A, and exit decisions.
Originate proprietary deal flow through personal networks with CEOs, operating executives, sponsors, bankers, and advisors; represent OTPP Financial Services externally.
Set coverage priorities and investment theses for one or more sub-sectors; partner with the SMDs on team strategy and sector positioning.
Build, lead, and develop the Financial Services investment team; partner with the SMDs on hiring, performance management, and succession. Hold the team accountable for quality of judgment, execution discipline, and alignment with OTPP's mission, vision, and values.
Work in a highly collaborative manner, bringing a complex network of stakeholders along (Global and Sector SMDs, deal teams, Portfolio Solutions / Value Creation, international office leaders, portfolio companies). Strike the appropriate balance of being a confident decision-maker and an inclusive leader.
Define value creation playbooks across the Financial Services portfolio and hold portfolio company management accountable for delivery.
Exercise independent judgment on deal execution within approved mandates; serve as the named sponsor at Underwriting Committee and hold board-level decision authority at portfolio companies.
Provide disciplined thinking, sound judgment, and courage of conviction, with a willingness to take balanced, thesis-driven risk. This includes stepping in and intervening directly and effectively when required.
What you'll need
~15+ years of meaningful work experience with a substantial track record of private equity deal leadership. Supplementary experience in management consulting, investment banking, and/or corporate M&A (preferably corporate development or similar) considered in combination with PE tenure.
Track record sponsoring deals at Underwriting / Investment Committee and delivering committed returns across a full investment cycle, including conducting and leading multiple diligence streams (financial, operational, legal, tax, insurance), arranging debt financing, and negotiating documentation.
Direct investment track record in Financial Services required; insurance,…
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