Alberta Investment Management Corp. (AIMCo) is bringing on a new leader with experience in institutional investing.
Kevin Uebelein is taking over as chief executive of Alberta's public pension fund manager on Jan. 5, 2015.
Mr. Uebelein was most recently global head of investment solutions at Fidelity Investments, where he was responsible for institutional investments and retirement solutions. He held the position until January last year. A statement on his website, which has been removed, said that he had completed "a year-long break, fulfilling a strict non-compete arrangement with my former employer."
Prior to that role, he led Pyramis Global Advisors, a Fidelity subsidiary focused on institutional asset management with more than $200-billion (U.S.) in client assets. He also spent many years at Prudential Financial Inc. in a variety of roles.
AIMCo said earlier this year that it would look for a replacement for outgoing CEO Leo de Bever, who has led the organization since it became a Crown corporation in 2008. The organization has more than $75-billion of assets under management.
When the search began, AIMCo said that Mr. de Bever would "continue to contribute to AIMCo's success by way of board representation on a number of portfolio companies and may participate with or advise AIMCo on other initiatives."
Mr. Uebelein will move to Edmonton for the job. He has been living in Wellesley, Mass. with his family, according his personal website.