The Investment Management Corp. of Ontario is naming Tony Algar as its new chief operating officer, effective Sept. 28.

Algar joins the IMCO from the Canada Pension Plan Investment Board, where he spent the past 10 years, most recently as managing director and head of investment operations. He also previously held senior risk management and operations positions at RBC Capital Markets and TD Securities.

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“Tony has strong leadership, depth of experience and knowledge of investment operations,” said Bert Clark, president and chief executive officer at the IMCO, in a press release. “His ability to drive IMCO’s operational excellence will help support the firm’s long-term growth and evolution.”

As COO, Algar will oversee the integration and deployment of various functions at the IMCO including informational technology, investment operations, strategic development and project management.