AIMCo chief executive Leo de Bever has instituted a shakeup in the pension manager’s top ranks.
The moves are being made to ensure that the structure at the top is aligned with AIMCo’s investment strategy, which focuses on investments that fall "between the cracks," according to a letter Mr. de Bever wrote announcing the changes.
Robert Mah, a native Calgarian who AIMCo recruited from Scotia Capital to run its infrastructure portfolio two years ago, will now be responsible for all of the pension manager’s private investments. That includes real estate, private equity, infrastructure and timber.
George Engman, who has been heading private equity, will be retiring this summer.
At the same time Dale MacMaster, AIMCo’s senior vice president of fixed income investments, will take over all public market investments. He has led the pension manager’s fixed income and money market team for 14 years. Prior to that he worked at Royal and Sun Alliance.
The shakeup will also see Jacquelyn Colville, who joined AIMCo last year, appointed as chief financial officer. Before moving to AIMCo she was at Sherritt International. She will replace Warren Cabral, who is leaving AIMCo.
Mr. de Bever has been putting his stamp on AIMCo, which manages about $70-billion in assets for 26 pension, endowment and government funds, since it was spun off as a Crown Corporation in 2008.