Mark Wiseman, the former chair of Alberta Investment Management Corporation, has agreed to advise Liberal leader Mark Carney on the Century Initiative, which advocates growing Canada’s population to 100 million by 2100. This advisory role, highlighted amidst political criticism from Conservative figures such as Pierre Poilievre, aligns with progressive efforts to address demographic and economic challenges.

AIMCo removed 19 jobs from non-investment areas – notably, the sole employee responsible for Diversity, Equity, and Inclusion initiatives – raising concerns among critics about the corporation’s commitment to inclusive practices. The move comes amid a recent government-driven leadership shakeup that saw the firing of AIMCo’s board and senior executives, suggesting increasing alignment with political cost-cutting pressures.

AIMCo fired 19 employees, including its diversity, equity, and inclusion program lead, a move that undermines its stated commitment to an equitable and inclusive workplace. The layoffs, which affected non-investment roles, come amid broader changes including the earlier ousting of the board and CEO by Alberta Finance Minister Nate Horner.

AIMCo’s recent board reshuffle, marked by appointing former Prime Minister Stephen Harper as chair and reserving a board seat for a deputy minister to ensure closer government communication, has raised concerns over increased political oversight that may undermine the fund’s independence.

AIMCo, following the dismissal of its entire board, has appointed former prime minister Stephen Harper as its new board chair. Harper, who stated he will serve without pay as a 'meaningful act of public service,' is set to lead in a politically charged environment, raising concerns about the politicization and regulatory capture of the firm.

The Alberta provincial government dismissed AIMCo's board and top executives, installing interim leadership including Minister Nate Horner as chair and Ray Gilmour as interim CEO. This abrupt political intervention has raised concerns about undermining the independent governance of public pension funds, a cornerstone of the Canadian model.

Facing mounting tension over its international expansion and soaring operating costs, AIMCo experienced a dramatic leadership shakeup when the Alberta government dismissed its entire board and CEO. The decision followed criticisms that the firm was prioritizing expensive global investments over local returns, fueling a politically charged intervention.

The Alberta government dismissed AIMCo's entire board and CEO amid concerns over rapidly increasing management fees and operating expenses, which, alongside workforce increases, triggered significant layoffs and corporate restructuring.

The Alberta government removed the entire board and four top executives of AIMCo on November 7, 2024, citing ballooning costs and a consistent failure to meet mandated benchmark returns. The move, part of a 'reset' of the pension fund manager, also saw the appointment of Finance Minister Nate Horner as interim board chair and Ray Gilmour as interim CEO, raising concerns about regulatory capture and politicization of financial oversight.