Halifax, May 17, 2017 - The Board of Directors (Board) for Nova Scotia Pension Services Corporation (Pension Services Corp.) is pleased to announce that Douglas (Doug) Moodie has been appointed as President and Chief Executive Officer of Pension Services Corp., effective May 17, 2017. Mr. Moodie has served as Interim President and Chief Executive Officer since October 2016.
Mr. Moodie’s appointment comes after the Board concluded a thorough and comprehensive 7-month nationwide search for a new President and Chief Executive Officer. “While serving as interim CEO, Doug has proven himself to be an exemplary leader with extensive knowledge of and expertise in public sector pension plans,” stated John B. Carter, Board Co-Chair. “We are confident in Doug’s ability to successfully lead Pension Services Corp. into the future.”
“I'm honoured and grateful to the Board for the opportunity to lead this exceptional organization of creative, dedicated, and talented individuals,” stated Doug Moodie, CEO of Pension Services Corp. “I look forward to continuing to work with our Pension Services Corp. team in pursuing the organization’s strategic objectives of providing high-quality plan member services and investment administration.”
Mr. Moodie’s background includes practising business law for 15 years, where he was a partner at the Toronto law firm of Miller Thomson LLP, focusing in the area of commercial real estate. In 2004, he joined the Nova Scotia Department of Justice as a senior solicitor. During his time with the Province, Mr. Moodie was integrally involved in the Working Group that restructured the governance framework and funding policy of the Public Service Superannuation Plan (PSSP), and was also instrumental in the creation of Pension Services Corp. Since April 2013, Doug has served as Co-Chair of the Board of Pension Services Corp. and as Vice-Chair of the PSSP Trustee. He has also had significant involvement with the Teachers’ Pension Plan and has been a member of the Teachers’ Pension Board since 2015.
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For more information, please contact:
Gisèle Taylor
Communications and Board Officer
Agente, Communications et des conseils
Nova Scotia Pension Services Corporation
Société des services de pension de la Nouvelle-Écosse
P: 902-429-6432 | taylorgd@nspension.ca
Douglas Moodie named as President and CEO of Pension Services Corp.
May 17, 2017
Backgrounder
The Board of Directors for Pension Services Corp. is pleased to announce the appointment of Douglas (Doug) Moodie as President and Chief Executive Officer for Nova Scotia Pension Services Corporation (Pension Services Corp.) effective May 27, 2017. Mr. Moodie has been acting as the Interim President and Chief Executive Officer for Pension Services Corp. since October of 2016.
About Douglas Moodie:
Prior to his appointment, Doug served as a senior solicitor with the Legal Services Division of the Nova Scotia Department of Justice where he acted as counsel to the Department of Finance and Treasury Board. He has a significant amount of experience and knowledge working with government and public sector pension plans. He was an active participant in the Public Service Superannuation Plan (PSSP) Governance Working Group that restructured the governance structure and funding policy of the PSSP.
Doug was also instrumental in the creation of Nova Scotia Pension Services Corporation, which devolved from the government-operated Nova Scotia Pension Agency to an arms-length, trustee-owned entity. Since April 1, 2013, Doug has been Co-chair of the Board of Directors of Pension Services Corp. and Vice-Chair of the Board of Public Service Superannuation Plan Trustee Inc. In addition, he has had significant involvement with the Teachers’ Pension Plan and has been a member of the Teachers’ Pension Board since 2015.
Before joining the Nova Scotia Department of Justice in 2004, Doug practiced business law for 15 years and was a partner at the Toronto law firm of Miller Thomson LLP, focusing in the area of commercial real estate. During this time, Doug was part of the project team that undertook the property work for an Ontario public-sector pension plan to support its large-scale foray into direct real estate investments. He holds LL.B. and LL.M. degrees from the Schulich School of Law at Dalhousie University. He was a member of the Law Society of Upper Canada from 1989 to 2002 and has been a member of the Nova Scotia Barristers’ Society since 2004. Doug has taught law at Dalhousie and has also served as a part-time faculty member in the political science department at Saint Mary’s University.
About Nova Scotia Pension Services Corporation:
Nova Scotia Pension Services Corporation (Pension Services Corp.) is a non-profit corporation that was established on April 1, 2013. Pension Services Corp. replaced the former Nova Scotia Pension Agency. Pension Services Corp. is jointly owned by the Teachers’ Pension Plan Trustee Inc. (TPPTI) and the Public Service Superannuation Plan Trustee Inc. (PSSPTI).
Pension Services Corp. administers the pension benefits and investment assets of the Teachers’ Pension Plan, the Public Service Superannuation Plan, the Members’ Retiring Allowances Plan (MLA Plan) and the former Sydney Steel pension plans.
Pension Services Corp.’s team includes 58 staff that manage plan investments and provide services to plan members and employers. They are accountable to the Board of Directors for achieving the Corporation’s strategic priorities and responsible for meeting the service metrics and investment targets 3 set by plan Trustees. They operate within the policies and budgets that the Corporation’s Board and plan Trustees have approved.
Pension Services Corp. operates on a cost-recovery basis. Expenses are allocated and charged to its Trustee clients based upon the Corporate budget and allocation percentages approved by the Trustees and the Board.
About the Board of Directors of Nova Scotia Pension Services Corporation:
The Board of Directors of Pension Services Corp. (Board) oversees the overall operation and management of Pension Services Corp. The Board sets the strategic direction of the Corporation, approves its operational budget, and makes key decisions. The Board consists of four members appointed by each of the Public Service Superannuation Plan Trustee Inc. (PSSPTI) and the Teachers’ Pension Plan Trustee Inc. (TPPTI). One director from the TPPTI is appointed by the Nova Scotia Teachers’ Union and one director from the PSSPTI is appointed by the Nova Scotia Government and General Employees’ Union.
Nova Scotia Pension Services Corporation
1949 Upper Water St, Suite 400
Halifax, NS B3N 3J3
P: 902-429-6432
taylorgd@nspension.ca
www.novascotiapension.ca