OMERS Ventures names new head, extending long string of executive changes

OMERS Ventures names new head, extending long string of executive changes

Saar Pikar has been promoted to take on an expanded role as head of ventures and growth

Michael Yang is out as OMERS Ventures refocuses on Canada

Yang joined OMERS Ventures in 2019 to lead the firm’s U.S. expansion. Several employees have now been laid off as the firm shifts its focus back to Canada.

Michael Yang leaves OMERS Ventures as pension fund refocuses on Canada

Michael Yang has stepped down from his role as head of OMERS Ventures as the Canadian public pension fund undergoes a “strategic shift” to refocus its investment activity in Canada, BetaKit has learned.  In an email sent today by OMERS managing director Saar Pikar, he noted that the pension fund has decided to increase its focus on Canadian investment “while continuing to pursue selective opportunities in the US through both direct investments a…