The Alberta Investment Management Corp. is permanently appointing Ray Gilmour as the organization’s chief executive officer, a role he has held on an interim basis since Nov. 8, 2024. Gilmour was appointed to the role after former CEO Evan Siddall and the AIMCo’s board of directors were fired by Alberta Finance Minister Nate Horner, who […]
Roughly a third (34 per cent) of global employees say they expect to work at least part time after retiring, a percentage that increases to 37 per cent among U.S. employees, according to a new survey by T. Rowe Price. The survey — which polled more than 7,000 employees in Australia, Canada, Japan, the U.K. […]
Norway’s sovereign wealth fund, Norges Bank Investment Management, reached US$1.7 trillion in assets under management in 2024, taking the No. 1 spot among the world’s top 100 global asset owners, according to a new report by WTW’s Thinking Ahead Institute. Japan’s Government Pension Investment Fund dropped to No. 2, currently managing $1.6 trillion, said the […]
The Canadian Imperial Bank of Commerce is appointing Yvonne Dimitroff as executive vice-president and chief human resources officer, effective Jan. 1, 2026. In the role, she’ll be responsible for leading the bank’s HR functions and fostering workplace culture, according to a press release. Since 2014, Dimitroff has held several HR leadership roles at CIBC across […]
Confident and knowledgeable group retirement savings plan members are saving 86 per cent more than those with low confidence and literacy, according to a new survey by Sun Life Financial Inc. The survey, which polled more than 1,900 plan members, found nearly a third (30 per cent) believe they have both confidence and strong financial […]
While eight in 10 (82 per cent) Canadian generation Z employees believe they merit a raise next year, just 53 per cent anticipate they’ll receive one from their employer, according to a new survey by Employment Hero. The survey, which polled more than 800 employees, found while 62 per cent of gen-Zers feel they deserve […]
Global employers are shifting their approach toward the use of diversity, equity and inclusion metrics in their executive compensation plans amid growing politicization of DEI, according to a new report by WTW. The report analyzed filings from companies listed on the S&P 500, the TSX 60, the FTSE 100 and other major indices in Europe. […]
The Caisse de dépôt et placement du Québec and Investissement Québec are each acquiring a minority stake in Quebec-based steelmaker the Honco Group. The transaction consolidates the company’s Quebec-based ownership while accelerating its Canadian and international expansion, according to a press release. “This milestone marks an important step in our approach to value creation and […]
The world’s 500 largest asset managers’ assets under management reached US$139.9 trillion at the end of 2024, a 9.4 per cent increase from the previous year, according to a new report by WTW’s Thinking Ahead Institute. It found this increase was driven largely by North American asset managers, which reported an average increase of 13 […]
While earlier generations of Canadian retirees fared well despite limited financial literacy thanks to simpler pension systems, today’s employees face a more complicated journey through a self-directed financial landscape, according to a new report by the C.D. Howe Institute. It found Canadian employees, especially those in the private sector, are partially left to their own […]