The $133B (C$182B) Alberta Investment Management Corp. (AIMCo) has appointed Ray Gilmour as the permanent chief executive officer.
Gilmour has been serving in the role on an interim basis since Nov. 8, 2024, noted a press release.
Last fall, the Alberta provincial government dismissed its then CEO Evan Siddall and AIMCo’s entire board, citing rising costs. Ray Gilmour joined as interim CEO and former Canadian Prime Minister Stephen Harper became board chair in January 2025, as the province focused efforts on rebuilding the organization’s leadership. Sandra Lau, AIMCo’s former chief investment officer, joined the board in June 2025 and Justin Lord was appointed CIO in July 2025.
“The Board has complete confidence in [Gilmour’s] clear management expertise and proven ability to excel, both as leader of this organization and as an effective steward of the funds AIMCo manages on behalf of its clients,” said Harper in the release. “Together with [Gilmour], the board is committed to ensuring that AIMCo remains an admired institution that will continue to serve the best interests of Albertans for decades to come.”
Prior to joining AIMCo, Gilmour served as Alberta’s deputy minister of executive council for more than five years. He has also held senior positions in the Alberta government, including deputy minister roles in finance, intergovernmental relations, and infrastructure. Before taking on these roles in government, he worked in the banking and financial services industry for 15 years.
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