The Alberta Investment Management Corporation (AIMCo) announced Friday that a corporate executive who once served as president and CEO of the Canadian Pension Plan Investment Board has been appointed to chair its board of directors.
The entity that manages Alberta’s public pensions said Mark Wiseman will assume the new role on July 1 once current chair Richard Bird’s term is complete.
AIMCo said in addition to his time with the CPPIB, Wiseman has been the global head of active equities for BlackRock, Inc., a New York-based investment management firm, where he also chaired two different committees.
AIMCo noted that Wiseman has previously also been “responsible for the private equity fund and co-investment program at the Ontario Teachers’ Pension Planx.”
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“I look forward to working with my fellow directors as AIMCo continues to serve its clients for the long term,” Wiseman said in a news release posted to AIMCo’s website. “I, along with members of the board and employees of AIMCo, would like to thank Richard for his service to the province during his two three-year terms.
“He has offered a steady and experienced hand in guiding the organization’s strong governance and investment decision-making.”
In the same news release, Bird welcomed Wiseman to AIMCo.
“Mark’s accomplishments in investment management, his strategic thinking and leadership make him an excellent choice to chair this board,” he said.
According to AIMCo, Wiseman will be “donating his compensation as chair of the board to the United Way to assist communities across Alberta.”
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
