The Investment Management Corp. of Ontario has hired Rossitsa Stoyanova as chief investment officer. She reports to president and chief executive officer Bert Clark and will be based in IMCO’s Toronto office.
Stoyanova was most recently managing director and head of portfolio design and construction at CPP Investments, a Canadian pension fund, where she also oversaw the fund’s risk appetite and allocation.
“Rossitsa’s investment expertise and depth in risk management, combined with her extensive expertise in portfolio design makes her uniquely positioned to be our Chief Investment Officer,” said Clark. “Her vision and approach will be a critical component to the ongoing creation of value for our clients and will be essential for IMCO growth and progress in the coming years. “
Stoyanova’s appointment follows outgoing CIO Jean Michel’s decision to leave IMCO to pursue other opportunities.
“I would like to thank Jean for his dedication and contributions over the past three years,” said Clark. “Under his leadership, IMCO achieved critical milestones in executing its investment strategy and we are strongly positioned for the future.”
“IMCO’s mandate is both challenging and exciting and I look forward to being a part of the organization’s next phase of growth,” said Stoyanova. “I am excited to join this dynamic team and to share my experiences with them as we work together to deliver long term value to our public-sector clients.”