Skip to main content
MENU
Subscribe
  • Subscribe
  • Account
  • LOGIN
  • Topics
    • Alternatives
    • Consultants
    • Coronavirus
    • Courts
    • Defined Contribution
    • ESG
    • ETFs
    • Hedge Funds
    • Industry Voices
    • Investing
    • Money Management
    • Opinion
    • Partner Content
    • Pension Funds
    • Private Equity
    • Real Estate
    • Russia-Ukraine War
    • SECURE Act 2.0
    • Special Reports
    • White Papers
  • Rankings & Awards
    • 1,000 Largest Retirement Plans
    • Top-Performing Managers
    • Largest Money Managers
    • DC Money Managers
    • DC Record Keepers
    • Largest Hedge Fund Managers
    • World's Largest Retirement Funds
    • Best Places to Work in Money Management
    • Excellence & Innovation Awards
    • Eddy Awards
  • ETFs
    • Latest ETF News
    • Fund Screener
    • Education Center
    • Equities
    • Fixed Income
    • Commodities
    • Actively Managed
    • Alternatives
    • ESG Rated
  • ESG
    • Latest ESG News
    • The Institutional Investor’s Guide to ESG Investing
    • Climate Change: The Inescapable Opportunity
    • Impact Investing
    • 2022 ESG Investing Conference
    • ESG Rated ETFs
  • Defined Contribution
    • Latest DC News
    • DC Money Manager Rankings
    • DC Record Keeper Rankings
    • Innovations in DC
    • Trends in DC: Focus on Retirement Income
    • 2022 Defined Contribution East Conference
    • 2022 DC Investment Lineup Conference
  • Searches & Hires
    • Latest Searches & Hires News
    • Searches & Hires Database
    • RFPs
  • Performance Data
    • P&I Research Center
    • Earnings Tracker
    • Endowment Returns Tracker
    • Corporate Pension Contribution Tracker
    • Pension Fund Returns Tracker
    • Pension Risk Transfer Database
    • Future of Investments Research Series
    • Charts & Infographics
    • Polls
  • Careers
  • Events
    • View All Conferences
    • View All Webinars
    • 2022 Innovation Investing Conference
    • 2022 Defined Contribution East Conference
    • 2022 ESG Investing Conference
    • 2022 DC Investment Lineup Conference
    • 2022 Alternatives Investing Conference
Breadcrumb
  1. Home
  2. MONEY MANAGEMENT
November 27, 2014 12:00 AM

Uebelein has big shoes to fill at AIMCo

The former Pyramis executive will take over as CEO of the Canadian firm

Rick Baert
  • Tweet
  • Share
  • Share
  • Email
  • More
    Reprints Print
    AIMCo
    Kevin Uebelein

    Kevin Uebelein, who on Nov. 19 was named the new CEO of the C$76 billion (US$70 billion) Alberta Investment Management Corp., has some big shoes to fill. But AIMCo's chairman said he's a perfect fit to make the money manager more “client-centric.”

    Starting Jan. 5, Mr. Uebelein will replace Leo de Bever, who has been CEO at Edmonton-based AIMCo since it was created in 2008. Mr. de Bever announced earlier this year he would retire as CEO; he will help with Mr. Uebelein's transition and remain at AIMCo until Dec. 31.

    “When we recruited Leo, it was tough for us to find an experienced investor to be our CEO,” said Charles Baillie, chairman, in a telephone interview. “Leo was definitely that. He's done an excellent job.”

    Mr. Baillie said AIMCo's 27 clients — including pension funds, provincial agencies and the Alberta Heritage Fund — have asked for more input and transparency in how their assets are invested. That makes Mr. Uebelein's background at Fidelity Investments in Boston as global head of investment solutions and later as president and CEO of Pyramis Global Advisors, Fidelity's institutional money management business, all the more attractive.

    “The (Alberta) government has been talking to our clients and they've said they want us to move toward a more client-first operation,” Mr. Baillie said. “We felt it's a task that will take five to 10 years to do, and we wanted someone with both a strong investment background and a strong client-focused background.”

    He said that Mr. Uebelein and AIMCo will be listening to client concerns, “making sure we don't impose anything on them. The clients will call the shots. They want more uniform benchmarks to control their costs. We want clients to define what they want and what they want reported as well.”

    In a statement following his appointment, Mr. Uebelein said, “I am wholly committed to delivering on our mandate of superior risk-adjusted returns for our clients, and doing so within an environment of strong client engagement and excellent organizational health.”

    Mr. Uebelein's background in private equity in an earlier role as head of alternative investments at Prudential Financial Inc. also was praised by Mr. Baillie. “That private equity background is useful. Illiquid markets are where we're strongest,” he said.

    Mr. Baillie said while there were “really good people attracted to this position, Kevin really looks at it as a calling. He was so driven to work here.”

    Messrs. Uebelein and de Bever already have started working together as the transition begins. “They were together at the (AIMCo) board meeting” on Nov. 20 in Edmonton, Mr. Baillie said.

    Mr. Uebelein was unavailable for comment. Denes Nemeth, AIMCo spokesman, said Mr. Uebelein would be available for interviews when he starts his new job in January.

    At Pyramis, Mr. Uebelein was replaced in 2013 by Michael A. Jones as president and CEO. Mr. Jones himself is leaving Pyramis at the end of this year and will be replaced by Jeffrey Lagarce, who leads the institutional business at Fidelity Worldwide Investment in London for the U.K., Europe, Asia and the Middle East.

    It could not be learned where Mr. Uebelein worked after he left Pyramis.

    Related Articles
    Alberta Investment Management starts CEO succession search
    AIMCO's de Bever points to 'next frontier' of investing
    AIMCo taps former Pyramis head to succeed Leo de Bever as CEO
    Alberta Investment Management hires new CIO
    Recommended for You
    ONLINE_190409823_AR_0_IKORPGTOQWEM.jpg
    Fidelity AUM rises 9% in year ended March 31
    Baxter_Georgette_i.jpg
    RhumbLine selects client service-business development director
    Exchange_Traded_Funds_Tablet_i.jpg
    SEI joins ETF fray with U.S. large-cap stock funds
    Alternatives: Investing Across the Spectrum
    Sponsored Content: Alternatives: Investing Across the Spectrum

    Reader Poll

    May 9, 2022
    SEE MORE POLLS >
    Sponsored
    White Papers
    Are Factors a Thing of the Past?
    Q2 2022 Credit Outlook: Carry On
    Leverage does not equal risk
    Is there a mid-cap gap in your DC plan?
    Out of the Shadows: The Revolution in Shadow Accounting
    The pivotal role of fixed income markets in the ESG revolution
    View More
    Sponsored Content
    Partner Content
    The Industrialization of ESG Investment
    For institutional investors, ETFs can make meeting liquidity needs easier
    Gold: the most effective commodity investment
    2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios
    Ten ways retirement plan professionals add value to plan sponsors
    Gold: an efficient hedge
    View More
    E-MAIL NEWSLETTERS

    Sign up and get the best of News delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    Subscribe Today
    May 9, 2022 page one

    Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors.

    Subscribe
    Connect With Us
    • RSS
    • Twitter
    • Facebook
    • LinkedIn

    Our Mission

    To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.

    About Us

    Main Office
    685 Third Avenue
    Tenth Floor
    New York, NY 10017-4036

    Chicago Office
    130 E. Randolph St.
    Suite 3200
    Chicago, IL 60601

    Contact Us

    Careers at Crain

    About Pensions & Investments

     

    Advertising
    • Media Kit
    • P&I Content Solutions
    • P&I Careers | Post a Job
    • Reprints & Permissions
    Resources
    • Subscribe
    • Newsletters
    • FAQ
    • P&I Research Center
    • Site map
    • Staff Directory
    Legal
    • Privacy Policy
    • Terms and Conditions
    • Privacy Request
    Pensions & Investments
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Topics
      • Alternatives
      • Consultants
      • Coronavirus
      • Courts
      • Defined Contribution
      • ESG
      • ETFs
      • Hedge Funds
      • Industry Voices
      • Investing
      • Money Management
      • Opinion
      • Partner Content
      • Pension Funds
      • Private Equity
      • Real Estate
      • Russia-Ukraine War
      • SECURE Act 2.0
      • Special Reports
      • White Papers
    • Rankings & Awards
      • 1,000 Largest Retirement Plans
      • Top-Performing Managers
      • Largest Money Managers
      • DC Money Managers
      • DC Record Keepers
      • Largest Hedge Fund Managers
      • World's Largest Retirement Funds
      • Best Places to Work in Money Management
      • Excellence & Innovation Awards
      • Eddy Awards
    • ETFs
      • Latest ETF News
      • Fund Screener
      • Education Center
      • Equities
      • Fixed Income
      • Commodities
      • Actively Managed
      • Alternatives
      • ESG Rated
    • ESG
      • Latest ESG News
      • The Institutional Investor’s Guide to ESG Investing
      • Climate Change: The Inescapable Opportunity
      • Impact Investing
      • 2022 ESG Investing Conference
      • ESG Rated ETFs
    • Defined Contribution
      • Latest DC News
      • DC Money Manager Rankings
      • DC Record Keeper Rankings
      • Innovations in DC
      • Trends in DC: Focus on Retirement Income
      • 2022 Defined Contribution East Conference
      • 2022 DC Investment Lineup Conference
    • Searches & Hires
      • Latest Searches & Hires News
      • Searches & Hires Database
      • RFPs
    • Performance Data
      • P&I Research Center
      • Earnings Tracker
      • Endowment Returns Tracker
      • Corporate Pension Contribution Tracker
      • Pension Fund Returns Tracker
      • Pension Risk Transfer Database
      • Future of Investments Research Series
      • Charts & Infographics
      • Polls
    • Careers
    • Events
      • View All Conferences
      • View All Webinars
      • 2022 Innovation Investing Conference
      • 2022 Defined Contribution East Conference
      • 2022 ESG Investing Conference
      • 2022 DC Investment Lineup Conference
      • 2022 Alternatives Investing Conference