Gordon Fyfe is stepping down as president and CEO of the Public Sector Pension Investment Board (PSP Investments).
He’s moving back home to become CEO and chief investment officer (CIO) of British Columbia Investment Management Corporation (bcIMC).
Fyfe succeeds Doug Pearce and will take over the role beginning on July 7. Pearce announced his plans to retire last August.
“I am honoured to have the opportunity to lead bcIMC, a company that is held in high regard by the investment industry,” says Fyfe. “This appointment also allows me to return to my hometown of Victoria and I look forward to working with the entire bcIMC team in delivering strong long-term returns for our clients in British Columbia.”
He has more than 30 years of experience in the investment and finance industries and spent the last 11 years at PSP Investments, which has grown from a team of 35 employees managing $14 billion in net assets under management to a team of some 550 with assets totalling more than $90 billion.
Fyfe started his career with JP Morgan in New York and London before moving on to senior positions at the Caisse de dépôt et placement du Québec and TAL Global Asset Management.
“We are delighted to have Gordon join our team,” says Rick Mahler, chair of bcIMC’s board. “His experience is crucial as bcIMC seeks to expand its global reach and continues to implement its current business strategy.”
PSP Investments says its board of directors “will enact the pre-established CEO succession plan and further details will be announced shortly.”
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