The board of directors of Alberta Investment Management Corporation (AIMCo) has appointed Kevin Uebelein as CEO.
He will take on the role beginning on Jan. 5, 2015, and will succeed Leo de Bever, AIMCo’s first CEO, who led AIMCo from its establishment in 2008.
AIMCo said in April it would look for a new CEO after de Bever announced his plans to retire.
Read: AIMCo to search for new CEO
“The appointment of Mr. Uebelein as chief executive officer marks the successful conclusion of a comprehensive, diligent process to identify the individual best suited to lead AIMCo through its next phase of organizational maturity,” says Charles Baillie, the chair of AIMCo’s board of directors. “Kevin brings exceptional talent, investment acumen and a strong client orientation to the organization. We look forward to working with him in this exciting new chapter for AIMCo.”
Uebelein has almost three decades of experience in investment management. He was previously president and CEO of Pyramis Global Advisors and also the global head of investment solutions at Fidelity Investments.
Read: AIMCo’s winning investment strategy
He also worked at Prudential Financial and held various roles, including head of alternative investments and chief investment officer for Japan, and then international operations.
“On behalf of the AIMCo board of directors, I want to sincerely thank Leo for his unwavering commitment to building an organization that rivals the most accomplished of institutional investors. Leo will be with AIMCo until Dec. 31, 2014, and will assist with our transition initiatives,” says Baillie. “Leo’s passion for investments is undeniable, and he has built a legacy of which all Albertans can be proud. We wish him continued success and good health in the future.”
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