Rossitsa Stoyanova was named CIO of Investment Management Corp. of Ontario, effective Sept. 13, a spokesman said.
Ms. Stoyanova will lead IMCO's senior investment team. She will replace Jean Michel, who plans to leave IMCO on Sept. 10 to pursue other opportunities.
Based in Toronto, Ms. Stoyanova will report to Bert Clark, president and CEO of the organization.
"Rossitsa's investment expertise and depth in risk management, combined with her extensive expertise in portfolio design makes her uniquely positioned to be our chief investment officer," Mr. Clark said in a news release. "Her vision and approach will be a critical component to the ongoing creation of value for our clients and will be essential for IMCO growth and progress in the coming years," he added.
Ms. Stoyanova was most recently managing director and head of portfolio design and construction at the C$497.2 billion ($395.8 billion) CPP Investments, Toronto. Details of her replacement were not immediately avaiable.
IMCO has C$73.3 billion in assets.
