The Ontario Teachers’ Federation today announced the appointment of Sharon Sallows to the board of directors of the Ontario Teachers’ Pension Plan.

Active in the financial world for more than 30 years, Sallows is a graduate of Carleton University, The London School of Economics and The Wharton School (University of Pennsylvania). Sallows completed her PhD in 1978. In addition to senior positions with the Bank of Montreal, MICC Properties, Sallows has provided financial advisory services to all three levels of government as well as many private sector companies.

Currently, Sallows is a partner in Ryegate Capital, a company engaged in private sector merchant banking as well as the provision of financial and strategic advisory services to institutional and corporate clients in Canada and the United States.

Sallows currently sits on the board of Riocan Real Estate Investment Trust and is the chairwoman of the board of Executive Risk Services.

The appointment is effective immediately. Sallows fills a vacancy created by a resignation and will complete the term until December 31, 2007. She was chosen following an extensive search by the OTF executive and board.

The Ontario Teachers’ Pension Plan is an independent corporation responsible for investing the $106 billion fund and administering the pensions of Ontario’s 167,000 elementary and secondary school teachers and 104,000 retired teachers.