AIMCo Names Interim CEO Following Board, CEO Ouster by Alberta Government

Canadian public pension fund manager Alberta Investment Management Corp (AIMCo) said it has appointed a new interim CEO, replacing Evan Siddall after he and the entire board of the $121B pension were fired by the provincial government of Alberta.

Ray Gilmour assumes the chief executive position with 15 years of banking and financial services experience prior to working for the government. Per his AIMCo bio, he is considered the most senior public servant in the Government of Alberta, with stints as deputy minister of finance, intergovernmental relations, infrastructure, sustainable resource development and municipal affairs. Siddall said on LinkedIn that he will be taking a career break and “tying up loose ends.”

AIMCo managed approximately $121B of public pension and other government money as of June 30, employing more than 200 investment professionals and 400 support staff in offices across Canada, as well as London, Luxembourg, Singapore, and New York.

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