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IMCO appoints Rossitsa Stoyanova as Chief Investment Officer

Stoyanova replaces outgoing CIO Jean Michel and will lead world class investment team

TORONTO (August 11, 2021) – The Investment Management Corporation of Ontario (IMCO) today announced that Rossitsa Stoyanova has been appointed as Chief Investment Officer, effective September 13, 2021. She reports to President & Chief Executive Officer Bert Clark and will be based in IMCO’s Toronto office.

Ms. Stoyanova was most recently Managing Director and Head of Portfolio Design & Construction at CPP Investments, Canada’s largest pension fund, where she also oversaw the fund’s risk appetite and allocation. Prior to this, she was at GE Energy Financial Services in Stamford, Connecticut, where she was responsible for due diligence and structuring acquisitions in the power sector. She also worked in Assurance and Advisory Services at Deloitte & Touche in Chicago.

“Rossitsa’s investment expertise and depth in risk management, combined with her extensive expertise in portfolio design makes her uniquely positioned to be our Chief Investment Officer,” said Clark. “Her vision and approach will be a critical component to the ongoing creation of value for our clients and will be essential for IMCO growth and progress in the coming years.”

Ms. Stoyanova’s appointment follows outgoing CIO Jean Michel’s decision to leave IMCO to pursue other opportunities. Mr. Michel’s last day will be September 10, 2021.

“I would like to thank Jean for his dedication and contributions over the past three years,” said Bert Clark, President & Chief Executive Officer. “Under his leadership, IMCO achieved critical milestones in executing its investment strategy and we are strongly positioned for the future.”

Ms. Stoyanova will lead IMCO’s senior investment team comprised of Christian Hensley, Senior Managing Director, Equities and Credit; Patrick DeRoy, Senior Managing Director, Total Portfolio and Capital Markets; Brian Whibbs, Managing Director, Real Estate; Tim Formuziewich, Managing Director, Global Infrastructure; and Hrvoje Lakota, Vice President, Portfolio Construction.

“IMCO’s mandate is both challenging and exciting and I look forward to being a part of the organization’s next phase of growth,” said Ms. Stoyanova. “I am excited to join this dynamic team and to share my experiences with them as we work together to deliver long term value to our public-sector clients.”

Ms. Stoyanova holds a BBA from Saint Mary’s College in Indiana and an MBA from the Kellogg School of Management at Northwestern University in Illinois.


The Investment Management Corporation of Ontario (IMCO) manages $73.3 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. Follow us on LinkedIn and Twitter @imcoinvest.