The Investment Management Corporation of Ontario (IMCO) has named Rossitsa Stoyanova as its chief investment officer to oversee the firm’s C$73.3 billion (US$58.5 billion) in assets under management (AUM) and lead its senior investment team. She will succeed CIO Jean Michel, who is leaving the firm Sept. 10 after a little more than three years in the position to pursue other opportunities.
“I would like to thank Jean for his dedication and contributions over the past three years,” President and CEO Bert Clark said in a statement. “Under his leadership, IMCO achieved critical milestones in executing its investment strategy and we are strongly positioned for the future.”
Stoyanova, who will start Sept. 13, will report to Clark and will be based in IMCO’s Toronto office. She was most recently managing director and head of portfolio design and construction at the US$396.8 billion Canada Pension Plan Investment Board (CPPIB), where she also oversaw the fund’s risk appetite and allocation. Before joining CPPIB, Stoyanova was a vice president at GE Energy Financial Services in Stamford, Connecticut, where she was responsible for due diligence and structuring acquisitions in the power sector. She also worked in assurance and advisory services at Deloitte & Touche in Chicago.
“Rossitsa’s investment expertise and depth in risk management, combined with her extensive expertise in portfolio design, make her uniquely positioned to be our chief investment officer,” Clark said in a statement. “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 earned an undergraduate degree at Saint Mary’s College in Indiana, and received her Master of Business Administration from the Kellogg School of Management at Northwestern University in Illinois.
“IMCO’s mandate is both challenging and exciting and I look forward to being a part of the organization’s next phase of growth,” Stoyanova said.