Alberta’s government has considered hiring former Canadian Prime Minister Stephen Harper to oversee its public pension fund manager, which is without a permanent board after all of its directors were fired last week, according to people familiar with the matter.
Paula Sambo, Layan Odeh and Dawn LimAndy Willis of The Globe and Mail talks to us about Alberta firing AIMCo's CEO and board.
Alberta Premier Danielle Smith’s government is seeking major changes at Aimco and sacked Chief Executive Officer Evan Siddall and the board last week, saying the firm’s headcount and costs have swelled even as it managed a smaller portion of funds with its own staff. Aimco has more than 200 investment professionals and more than 600 employees in total, according to publicly available information.
Harper now runs Harper & Associates, which provides advice to businesses in the financial services, technology and energy sectors. The firm touts access to Harper’s global network and his experience as a former Group of Seven leader, according to his website. His office did not immediately reply to requests for comment.
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