Alberta Revenue's Investment Management Division, Edmonton, is searching for a chief investment officer to oversee external and internal money management for C$35 billion (US$24.1 billion) in provincial funds, including C$17 billion in pension assets and the C$11.6 billion Alberta Heritage Savings Trust Fund.
Paul Pugh left as CIO last year. Jai Parihar, a senior investment manager, has been serving as acting CIO.
Candidates must be either Canadian citizens, permanent residents or eligible to work in Canada. The CIO, who reports to Robert Bhatia, deputy minister of revenue, oversees a staff of 50 with an operating budget of C$8 million. Duties include overseeing investment management, research and analysis and developing new investment strategies.
Qualifications for the position include broad investment-related experience and in managing an investment staff and a variety of service providers. The division is seeking candidates with industry contacts to help identify and implement investment strategies for large funds to meet complex liabilities or other obligations. Among other qualifications, candidates must have an understanding of asset-liability management.
Anyone interested should apply to Executive Search, a section of the Alberta Personnel Administration, Edmonton.