AIMCo taps former CMHC head Evan Siddall as next CEO
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Former Canada Mortgage and Housing Corporation Chief Executive Officer Evan Siddall has been named the next chief executive officer of Albertaâs largest pension fund manager.
In a release Thursday, the Alberta Investment Management Corporation (AIMCo) announced Siddall will become CEO effective July 1, 2021; he will succeed Kevin Uebelein, who has held the position for six years.
In the release, AIMCo Chair Mark Wiseman praised Siddallâs deep knowledge of the financial services industry and said his experience running the nationâs housing watchdog should serve him well in the new role.
AIMCo names former investment banker and CMHC boss Evan Siddall as new CEO
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Ontario Teachers and AIMCo Sell Proxy Firm Glass Lewis
Posted on 03/16/2021
Toronto-based Peloton Capital Management and Stephen Smith have acquired Glass, Lewis & Co. from Ontario Teachers Pension Plan Board and Alberta Investment Management Corporation (AIMCo). Glass Lewis is a provider of independent global governance solutions. Glass Lewis produces research reports that provide analysis and recommendations on every proxy vote, including M&A and other financial transactions, along with its proxy vote management solutions drive value across all governance activities for institutional investors. Glass Lewis covers 30,000 meetings each year, across approximately 100 global markets. Glass Lewis competes against proxy giant Institutional Shareholder Services (ISS).
At issue is control of the $19.3-billion teachers retirement fund, which has nearly 84,000 members.
In 2019, thousands of teachers were outraged when the United Conservative Party government passed a bill requiring the ATRF to use the Crown corporation Alberta Investment Management Corporation (AIMCo) to manage investment of the fund.
Members of the NDP caucus deliver letters and emails to the premier s office in July 2020 from people opposed to changes to public sector pension plan control and who want Alberta to stay in the Canada Pension Plan.(Janet French/CBC)
The government, which pays about half of teachers pension contributions, said the move would save investment management fees. Toews has said that ATRF would retain ownership of the fund and keep its ability to decide the strategy of how the billions of dollars should be invested.