Alberta Index - ECONOMY: Alberta Investment Management Corporation (AIMCo) appoint another two directors

ECONOMY: Alberta Investment Management Corporation (AIMCo) appoint another two directors

(AlbertaIndex, January 24, Thursday) --- The Alberta government has appointed another two directors, boosting the total to 10, as part of a long term plan to create a world-class board to oversee the newly established Alberta Investment Management Corporation.
The new members are John Watson, former executive vice-president and chief financial officer of EnCana Corporation, and Virginia Holmes, former CEO of London, UK-based AXA Investment Managers Ltd.

The corporation is responsible for managing approximately $70 billion in government savings, public sector pension plans and other funds. Eight directors were appointed last year.

Board members, who are appointed for three-year terms, were selected to guide the corporation to investment excellence and to help it become one of the foremost institutional investors in Canada. Their talent and knowledge cover a wide range of backgrounds such as investment management, finance, accounting, law and corporate governance.

Alberta’s investment management operations moved from within Alberta Finance on January 1 to become a provincial corporation. The government will continue to set investment policy for all government funds.

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