Marlene Puffer has been named chief investment officer of Alberta Investment Management Corp., Edmonton, effective, Jan. 30, succeeding Sandra Lau, who has decided to leave the firm, according to a Tuesday news release.
As CIO, Ms. Puffer will serve as head of both public and private investments, responsible for real estate, infrastructure, private equity and private debt and loan, fixed income, private mortgages, economics and fund strategy and public equities, and will address clients' needs for both liquid and illiquid investments, the release indicated.
Back in February, AIMCo announced that it had appointed Ms. Lau and James Barber as co-chief investment officers. Specifically, 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.
AIMCo spokesman Denes Nemeth could not be immediately reached for further details on Mr. Barber. Tuesday's news release noted that Ms. Lau had been serving as interim CIO.
AIMCo, which invests globally on behalf of 32 pension, endowment and government funds in Alberta, had C$136.6 billion ($106.1 billion) in assets under management as of June 30.
Most recently, Ms. Puffer served as the president and chief executive officer at Montreal-based CN Investment Division, which manages the Canadian National Railway Pension Fund.
Clifton Isings was named interim president and chief executive officer of CN Investment Division, effective immediately, succeeding Ms. Puffer, a Canadian National Railway official said in an email.
Mr. Isings, who most recently served as chief investment officer and vice president, will be retiring in March, and "we are grateful he has stepped up to help us while we continue our search for a permanent president and CEO for CNID," the official said. Information on who will replace Mr. Isings as CIO could not immediately be learned.
CN Investment Division manages about C$19 billion for approximately 50,700 pensioners and pension plan members, according its website.
Mark Cormier, director-private funds and asset management for AIMCo, also recently departed the firm for Toronto-based Healthcare of Ontario Pension Plan, where he'll serve as a managing director focused on private markets investing. HOOPP had net assets of C$114.4 billion as of Dec. 31.
