British Columbia Investment Management Corp (bcIMC) has appointed Gordon J. Fyfe as CEO and CIO effective July 7. For the past 11 years, Fyfe has served as president and CEO of the Public Sector Pension Investment Board. He previously held a senior executive position at the Caisse de dépôt et placement du Québec. Fyfe replaces Doug Pearce, who headed the organization for more than two decades before announcing his retirement in 2013. Last October, Pearce discussed his legacy at bcIMC with peHUB‘s U.S. editor Chris Witkowsky. Based in Victoria, British Columbia, bcIMC has investment portfolio assets totaling $114 billion.
bcIMC’s Board of Directors names Gordon J. Fyfe as Chief Executive Officer / Chief Investment Officer
June 20, 2014 – The Board of Directors of the British Columbia Investment Management Corporation (bcIMC) is pleased to announce the appointment of Gordon J. Fyfe as Chief Executive Officer / Chief Investment Officer effective July 7, 2014. Gordon will replace Doug Pearce, who announced his retirement last August after being at the helm of bcIMC for more than two decades.
Gordon has more than 30 years in the investment and finance industry and brings a strong and extensive investment executive background to bcIMC. He started with JP Morgan in New York and London and then moved to senior executive positions at Caisse de dépôt et placement du Québec and TAL Global Asset Management. Gordon most recently served for the past 11 years as the President and Chief Executive Officer of the Public Sector Pension Investment Board which manages assets of more than $90 billion. Originally from Victoria, Gordon holds a degree in Commerce from the University of British Columbia and an MBA from INSEAD, France.
“We are delighted to have Gordon join our team. His experience is crucial as bcIMC seeks to expand its global reach and continues to implement its current business strategy,” said Rick Mahler, Chair of the Board.
“I am honoured to have the opportunity to lead bcIMC, a company that is held in high regard by the investment industry,” said Fyfe. “This appointment also allows me to return to my hometown of Victoria and I look forward to working with the entire bcIMC team in delivering strong long-term returns for our clients in British Columbia.”
“I am pleased with the Board’s appointment of Gordon Fyfe,” said Doug Pearce, bcIMC’s retiring Chief Executive Officer / Chief Investment Officer. “He has an exemplary track record from his time at PSP Investments and is well suited to lead bcIMC through its next stage of growth.”
Pearce, who has been at the helm of bcIMC since 1988, has grown gross assets under management from $9.5 billion to $114.0 billion. During his tenure, Pearce strategically combined bcIMC’s long-term investment philosophy with the need to integrate environmental, social and governance factors into investment decisions. He served as the Chair of the Canadian Coalition for Good Governance, a group comprised of large institutional investors, from 2006 to 2009.
“bcIMC’s Board and its clients thank Doug for his vision and leadership over the years,” said Mahler. “We wish him success and good health in the future.”
bcIMC is an independent investment management corporation with a globally diversified investment portfolio of $114.0 billion of gross managed assets as at March 31, 2014. Based in Victoria, British Columbia, and supported by industry-leading expertise, bcIMC is a long-term, institutional investor that invests in all major asset classes including infrastructure and other strategic investments. bcIMC’s clients include public sector pension plans, public trusts, and insurance funds. For more information, visit www.bcimc.com.
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Senior Media Relations Specialist, bcIMC
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