Sandra Lau and James Barber were named co-chief investment officers of Alberta Investment Management Corp., effective March 1.
Ms. Lau was appointed co-chief investment officer-head of public investments, while Mr. Barber was named co-chief investment officer-head of private investments, according to a news release issued on Thursday.
Ms. Lau and Mr. Barber together succeed Dale MacMaster, who announced his retirement from AIMCo last October. Mr. MacMaster served with the company for 23 years, the last seven years as its chief investment officer, the release noted.
In their new roles, Mr. Barber will be responsible for real estate, infrastructure, private equity and private debt and loans, while Ms. Lau will be "responsible for bringing together fixed income, mortgages and public equities addressing clients' needs for more liquid investments," AIMCo added in the release.
Ms. Lau was AIMCo's executive vice president-fixed income, while Mr. Barber was its executive vice president-public equities. Successors for Mr. Barber and Ms. Lau have not yet been named, said a company spokesman by email. However "both have very strong teams in place, so there will be no disruption to business."
Based in Edmonton, AIMCo had more than C$150 billion ($117.4 billion) of assets under management as of Dec. 31.
