After more than 20 years at the $23.1B (C$31.7B) Ontario Pension Board, its chief financial officer, Armand de Kemp, is retiring at the end of 2025.
Darwin Bozek, the OPB’s chief executive officer, announced the CFO’s retirement in a LinkedIn post yesterday, noting the pension administrator has officially launched a search for his replacement. “On behalf of OPB, I want to thank Armand for his substantial contributions and long-term service to the organization.”
De Kemp oversees the finance function at OPB, including financial reporting, treasury, business planning, audit, and the pensioner payroll. Prior to joining the organization, de Kemp held financial executive roles at various technology startups and small enterprises. He also served as vice-president and senior manager with Deloitte and was a chartered restructuring and insolvency professional and trustee in bankruptcy.
He holds a Bachelor of Commerce degree from Carleton University and is a Chartered Professional Accountant and Certified Financial Planner.
The OPB is the administrator of the Public Service Pension Plan, which, as of 2023, comprised nearly 100,00 active, deferred, and retired members, as well as their survivors.
