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The Alberta government has appointed former Prime Minister Stephen Harper as chair of the Alberta Investment Management Corporation (AIMCo), tasking him with growing the Heritage Savings Trust Fund to over C$250 billion in 25 years. This follows a leadership shake-up that included the dismissal of AIMCo's board and CEO due to rising costs without improved returns. Harper's appointment is seen as a move to enhance governance, with some previously dismissed board members reinstated for continuity.
AIMCo announced the departure of CIO Marlene Puffer and promoted Justin Lord and David Scudellari to senior executive managing directors, with Lord taking on the newly created role of global head of public markets. CEO Evan Siddall praised their extensive investment experience while thanking Puffer for her contributions. The future of the CIO position remains uncertain as AIMCo navigates leadership changes amidst a backdrop of previous organizational upheavals.
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Stephen Harper appointed chair of AIMCo to boost Heritage Savings Fund
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15:27 21.11.2024
aimco undergoes leadership changes with new investment executives following cio departure
13:07 27.09.2024
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