The Alberta Investment Management Corporation has opened an office in New York City’s financial district.

“Our physical presence in important financial markets like New York greatly enhances how we source, evaluate, and ultimately execute on investments to further diversify our asset mix for the clients we serve,” said CEO Evan Siddall in a news release. “We have a significant client mandate to grow our private credit portfolio, and having a team based in Manhattan will also help us accelerate our efforts in this key asset class.”

David Scudellari, AIMCo’s senior executive managing director and head of international investment, leads the new office.

The opening gives AIMCo seven global locations. The other six offices are located in Edmonton, where the company is headquartered, Calgary, Toronto, London, Luxembourg, and Singapore. The Singapore office opened in fall 2023.

AIMCo ranks among Canada’s largest institutional investment companies and has $164 billion in assets under management. The firm invests globally on behalf of Alberta-based pension, endowment, insurance, and government funds.

Pictured: AIMCo executives celebrate New York office opening

Photo: CNW Group/AIMCo