IMCO Appoints Ben De Prisco as Chief Risk Officer
TORONTO (Nov. 23, 2020) – The Investment Management Corporation of Ontario (IMCO) announced today that Ben De Prisco is promoted to Chief Risk Officer. As Chief Risk Officer, Mr. De Prisco oversees IMCO’s investment risk and enterprise risk management functions, including all risk modelling and management systems, as well as risk related research. He reports to President and CEO, Bert Clark.
“Managing risk is critical to the performance of our clients’ portfolios and IMCO’s operations, and Ben’s focussed leadership has reflected how seriously we take this function,” said Bert Clark, President and CEO. “Ben’s deep risk management expertise positions IMCO well to manage the greater complexities that will accompany our continued growth.”
Since joining IMCO in March 2019, Mr. De Prisco has served as Senior Vice President, Investment Risk. He was responsible for all investment-related risk management for IMCO’s $70.3-billion portfolio and led the development of risk modeling and management systems, as well as risk-related research. Mr. De Prisco succeeds Michael Campbell, who served as Interim Chief Risk Officer throughout the recruitment process.
Before joining IMCO, Mr. De Prisco’s 25-year career included senior roles in the banking, pension and risk management technology sectors including positions with Scotiabank, OMERS and Algorithmics. He holds an MBA and a Bachelor of Business Administration from York University and he is a CFA charterholder.
The Investment Management Corporation of Ontario (IMCO) manages $70.3 billion of assets on behalf of its clients. IMCO’s mandate is to provide broader public sector institutions with investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. IMCO is an independent organization, operating at arm’s length from government and guided by a highly experienced and professional Board of Directors.