AIMCo appoints Marlene Puffer as chief investment officer

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Ms. Puffer was previously CEO at the $19-billion CN Investment Division

, which runs the Montreal-based railway’s pension plan. She also served as vice-chair of the Healthcare of Ontario Pension Plan and worked at several private-sector fund managers. She started her career as an investment banker with Bank of Montreal and Royal Bank of Canada, and earned a PhD in finance from the University of Rochester.

AIMCo also announced interim chief investment officer Sandra Lau will leave the fund manager after 24 years. Ms. Lau ran AIMCo’s fixed-income investments prior to taking on the chief investment officer responsibilities in March. Mr. Siddall said: “I want to acknowledge and thank Sandra Lau for her deep commitment to AIMCo and track record of delivering client value.”$2.1-billion on derivative-based equity market investments during the COVID-19 pandemic.

In recent years, Alberta’s governing United Conservative Party moved the $18-billion retirement fund for the province’s teachers under the AIMCo umbrella. The government has also raised the idea of moving Alberta’s contributions to the Canada Pension Plan into AIMCo.

 

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