The Alberta Investment Management Corp. is opening a new Calgary satellite office as part of a strategy to better capture investment opportunities within its home province.
“Our decision to establish a formal presence in Calgary provides AIMCo a truly pan-Alberta footprint from which to further drive efficiencies in Alberta-based investment opportunities, enabling us to continue to deliver the best risk-adjusted rate of return for our clients,” said Evan Siddall, chief executive officer at the AIMCo, in a press release.
According to its most recent quarterly report, the AIMCo holds $7 billion in Albertan assets — or about four per cent of its portfolio. “We are a global investor, but with a unique home-field advantage in areas such as transition finance. Our Calgary office will play a pivotal role for us here,” said Siddall in the release.
The new office is also expected to help the investment organization attract a diverse talent pool from throughout Alberta and from the rest of the world. “Coupled with our headquarters in Edmonton, AIMCo’s Calgary office will provide an avenue for us to attract the high calibre of talent necessary to fulfill our purpose of helping our clients collectively secure a better financial future for the Albertans they serve,” said Krista Pell, chief human resources officer at the AIMCo, in the release.
The new office, inside one of the three Bow Valley office towers, will be leased from Oxford Properties, the real estate arm of the Ontario Municipal Employees’ Retirement System. It’s the AIMCo’s fourth satellite office, joining locations in Toronto, London and Luxembourg.