Portfolio Manager/Director, Portfolio Construction
Asset Management
Calgary, ABDirectorFull-timeApply by Oct 19, 2026
Pension Fund
Alberta's Crown investment manager, running about C$210 billion for the province's public pension plans, endowments and government funds.
AIMCo is a Crown corporation of the Province of Alberta that invests on behalf of Alberta pension, endowment, insurance and government fund clients, including LAPP (its largest client), the Alberta Teachers' Retirement Fund and the Alberta Heritage Savings Trust Fund. It runs public equities, fixed income, mortgages, private debt, real estate, infrastructure and private equity programs from its Edmonton head office and Calgary and Toronto offices, plus London and Luxembourg. Assets passed C$200 billion in the first half of 2026. The organization was reset in November 2024 when Alberta replaced its board and CEO; Stephen Harper now chairs the board and Ray Gilmour was confirmed as permanent CEO in December 2025.
3 interview reports1 open roles3 deals6 people18 sources
Canadian and global equity exposure through internal quantitative and fundamental strategies (investing in 45+ countries) plus external long-only and hedge fund managers; returned 19.4% in 2025.
Government and balanced-fund bond portfolios across maturities and credit, plus mortgage and private debt books; the private debt team is led from London.
Mainly direct joint-venture holdings in office, retail, industrial and multi-residential property in major Canadian cities, with opportunistic investing in the U.K., Europe, U.S. and Mexico.
Mostly direct investments in utilities, power, pipelines and transport assets such as toll roads and airports, aimed at stable inflation-linked cash flows.
Fund commitments with leading sponsors plus direct and co-investments across consumer, industrials, business services, financial services, technology and healthcare.
| Edmonton | AB | headquarters |
| Calgary | AB | office |
| Toronto | ON | office |
London · Luxembourg
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From the inside
Reasons that work in interviews
4 reasons for AIMCo
The governance and leadership overhaul makes this an institution in reset, which means strategy is being rewritten rather than maintained: say plainly that you want to join something being rebuilt.
Alberta-based, so this is the primary route into institutional investing without relocating east.
Broad mandate across public and private markets for a diverse set of provincial clients, which is a different structure from a single-plan fund.
Smaller than the largest Maple 8 funds, so an investment professional is closer to decisions.
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Winter 2027
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Open roles on BSO Jobs1
Chief Executive Officer
Executive Team
Named permanent CEO by the board in December 2025 after serving as interim CEO from November 2024. Previously Alberta's Deputy Minister of Executive Council for more than five years, with earlier deputy minister roles including Finance and Infrastructure, and about 15 years in banking before government. CPA with an MBA.
Chief Financial Officer
Executive Team
CFO since joining AIMCo in 2020 from TD, where he was Special Advisor to the Chairman and CEO of TD Securities after roles including COO and CFO of TD Securities. Earlier a partner in Ernst & Young's capital markets practice. CPA, CA.
Chief Investment Officer
Executive Team
Oversees AIMCo's investment teams. Joined AIMCo in 2012 and was promoted to CIO in July 2025 after an international search; previously Senior Executive Managing Director and Global Head of Public Markets. Began his career at New Brunswick Investment Management Corporation in 2005; CFA charterholder.
Chief Client Relations Officer
Executive Team
Took the Chief Client Relations Officer role in March 2026, covering client relations, client strategy and product management, communications and sustainable investing. More than 15 years at AIMCo across client relations, risk, client advisory and public equities; previously a DB pension consultant. CFA, FCIA, FSA.
Senior Executive Managing Director, Global Head of Private Assets
Private Assets
Leads AIMCo's global private assets portfolio and fronted the 2026 BGIS sale. Joined in 2012 from Rothschild Canada, where he was a managing director advising on M&A, privatizations and restructurings, after eight years in cross-border advisory in London. CPA, CA.
Executive Managing Director, Global Head of Infrastructure, Renewable Resources and Energy Transition
Infrastructure, Renewable Resources and Energy Transition
Joined AIMCo in 2007 as a portfolio manager building direct infrastructure capability and has led the group since 2014. Has sat on boards including London City Airport and Puget Sound Energy. University of Alberta MBA; CFA charterholder.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Mar 2026
Kelly FeatherstonePromotion
Chief Client Relations Officer
AIMCo → AIMCo
Long-time AIMCo leader stepped up to Chief Client Relations Officer, joining the executive team.
Dec 16, 2025
Ray GilmourAppointment
Chief Executive Officer
Government of Alberta → AIMCo
Gilmour, interim CEO since November 8, 2024, was appointed permanent CEO by the board, effective immediately.
Jul 11, 2025
Justin LordPromotion
Chief Investment Officer
AIMCo → AIMCo
Promoted internally to CIO after an international search.
Nov 7, 2024
Evan SiddallDeparture
AIMCo → —
Alberta's finance minister dismissed AIMCo's entire board, CEO Evan Siddall and three other senior executives, citing rising costs and management fees and missed benchmarks. Siddall later joined BMO Capital Markets as a vice-chair.
Jul 15, 2026
BGIS
Seller · Integrated facilities management
Buyer Veritas Capital · Seller AIMCo and CCMP Capital Advisors
AIMCo and CCMP agreed to sell Markham, Ont.-based BGIS to Veritas Capital. AIMCo first co-invested in 2019 and backed the company's international growth.
Oct 15, 2025
London City Airport (50% stake)
Seller · Airports / transport infrastructure
Buyer Macquarie Asset Management · Seller AIMCo and OMERS
AIMCo and OMERS sold a further 50% of London City Airport to Macquarie, taking Macquarie to 75%; financial close was reached at signing.
Dec 26, 2019
65% equity interest in the Coastal GasLink Pipeline Project
Co-investor · Energy (Midstream)
Buyer KKR and Alberta Investment Management Corporation · Seller TC Energy Corporation
TC Energy agreed to sell a 65% equity interest in the Coastal GasLink pipeline project as part of a partial monetization alongside project financing.
Ron Helmhold (ex-WCB Alberta CFO) and Hugh O'Reilly (ex-OPTrust CEO) join the board; release puts AUM at C$210.7 billion at June 30, 2026.
Mid-year 2026 update: Balanced Fund returned 7.2% for the first half and AUM crossed C$200 billion.
AIMCo and CCMP agree to sell facilities manager BGIS to Veritas Capital.
Balanced Fund earned 7.6% but trailed its benchmark by 2.7 points, mainly on private markets; public equities returned 19.4%.
Board removes the interim tag after roughly 13 months.
Internal promotion of the public markets head to Chief Investment Officer.
Former prime minister Stephen Harper was appointed chair of AIMCo's board.
Finance Minister Nate Horner removed the board, the CEO and three other executives, pointing to a near-doubling of third-party fees and missed benchmarks.
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AIMCo · Sep 8, 2026 · aimco.ca
AIMCo · Aug 27, 2026 · aimco.ca
AIMCo · Jul 15, 2026 · aimco.ca
AIMCo · Mar 31, 2026 · aimco.ca
AIMCo · Dec 16, 2025 · aimco.ca
Macquarie · Oct 15, 2025 · macquarie.com
AIMCo · Jul 11, 2025 · aimco.ca
TC Energy Corporation (Form 6-K, Exhibit 99.1) · Dec 26, 2019 · sec.gov
AIMCo · Date unavailable · aimco.ca
AIMCo · Date unavailable · aimco.ca
AIMCo · Date unavailable · aimco.ca
AIMCo · Date unavailable · aimco.ca
AIMCo · Date unavailable · aimco.ca
AIMCo · Date unavailable · aimco.ca
AIMCo · Date unavailable · assets.ctfassets.net
Benefits and Pensions Monitor · Nov 26, 2025 · benefitsandpensionsmonitor.com
BNN Bloomberg · Nov 7, 2024 · bnnbloomberg.ca
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Summer 2027
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Posting open Jul to Nov; Interviews Dec; Offers Jan.Fall 2027
Apply from May 2027
Posting open May to Jun; Interviews Jun to Jul; Offers Jul to Aug.Programs
Summer Intern · Alberta (Edmonton/Calgary; office not specified)
Four-month summer term for undergraduate and graduate students before graduation.
Co-op · Alberta (office not specified)
4-, 8- and 12-month terms year-round (summer, fall, winter) for students in programs requiring work placements.
New Graduate Rotational · Not specified
18-month new-grad program with three rotations across AIMCo asset classes.
New Graduate Rotational · Not specified
30-month CPA-accredited program with investment-focused or accounting-focused pathways across three business areas.
Typical background
GuidanceA Big Six or boutique investment bank, a pension rotation, or asset management.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
AIMCo is hereMid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Small-cap private equity, boutique managers and early-stage VC
Where people go next
Guidance