Alberta Investment Management Corporation expands presence in Singapore

By Gloria Mathias

The Alberta Investment Management Corporation (AIMCo) has announced the opening of the AIMCo Singapore office to focus on investment opportunities in Asia-Pacific, reflecting the firm’s strategy to diversify the portfolio globally and tap into attractive growth opportunities in the region.

The Singapore office is AIMCo’s first in Asia and third internationally and is located in Singapore’s central business district. This brings the firm’s total number of global offices to six, in addition to Edmonton, Calgary, Toronto, London, and Luxembourg.

“We are exceptionally proud to establish our presence in a globally recognized financial hub such as Singapore,” said Evan Siddall, CEO of AIMCo. “We believe the long-term growth opportunities in Asia-Pacific are compelling and well-aligned with AIMCo’s long-term investment horizon, all of which will help us fulfil our purpose of providing superior, risk-adjusted returns for our clients.”

“Our newest office gives AIMCo on-the-ground access to Singapore, including the deep expertise of its financial services community, world-class infrastructure, as well as greater connectivity to the rest of the Asia-Pacific region, which holds some of the world’s most dynamic, developed and emerging markets,” said Dr. Marlene Puffer, Chief Investment Officer, AIMCo. “Singapore is a logical next step to build and strengthen relationships with new and existing investment partners in the region and position us to further diversify our global asset mix,” added Dr. Puffer.

“Our Singapore office and leadership create new opportunities to attract regional talent and develop our existing global talent, and we look forward to continuing to grow our team here,” added Siddall.

AIMCo is Canada’s diversified institutional investment manager with $164 billion of assets under management. The company invests globally on behalf of 17 pension, endowment, and government fund clients in the Province of Alberta. AIMCo manages more than 30 pools of capital on behalf of these clients. With offices in Edmonton, Calgary, Toronto, London, Luxembourg, and Singapore our more than 200 investment professionals bring deep expertise in a range of sectors, geographies, and industries.