CPPIB names new head of portfolio construction as Alberta’s pension fund pulls back from global push
Canada Pension Plan Investment Board (CPPIB) has brought in Kevin Bong, the former chief investment strategist at Alberta Investment Management Corporation (AIMCo), to lead its portfolio construction and design team.
The move positions Bong within CPPIB’s total fund management group in Toronto, according to Bloomberg.
Bong’s appointment follows a turbulent period at AIMCo.
Back in February, BNN Bloomberg reported that the $169bn manager closed its newly established offices in Singapore and New York after Alberta’s finance minister dismissed the entire board and then-CEO Evan Siddall in late 2024.
Bong, who had been tasked with heading AIMCo’s Singapore office, departed when the retrenchment was announced.
Before joining CPPIB, Bong served as senior managing director, chief investment strategist, and head of Singapore at AIMCo, a role he assumed in August 2023.
AIMCo’s May 2024 press release said he was responsible for setting overall investment strategy, total portfolio management, tactical allocation, and geographic diversification.
His earlier career includes senior leadership roles at Singapore’s sovereign wealth fund, GIC Pte, where he focused on asset allocation, portfolio construction, and capital deployment.
He also worked at OPSEU Pension Trust in Toronto, where he managed external public investments and hedge fund portfolios.
Bong currently holds board and committee roles at the Pacific Pension & Investment Institute, the International Forum of Sovereign Wealth Funds, the Tote Board, and the National University of Singapore.
