The Ontario Teachers' Pension Plan, one of the largest funds in Canada, is to "significantly expand" its London office in 2015. It follows the promotion of its private equity chief in London to a beefed-up role supervising the whole of the pension plan’s operations in Europe and the Middle East.

On Tuesday, Ontario Teachers said Jo Taylor, who is currently head of its private equity arm, Teachers' Private Capital, in London, would be taking on a broader remit "assuming oversight for the full cycle of opportunity origination, analysis, value creation and execution of investment activities across asset classes".