UCP donor appointed to AIMCO board of directors

Jon Horsman also briefly ran in the 2022 UCP leadership race.

Earlier this week, the UCP government announced that Travis Toews, the finance minister, has recommended the appointment of a new member of the board of directors of the Alberta Investment Management Corporation.

Established in 2008, Alberta Investment Management Corporation is an Crown corporation and institutional investor that manages several public funds and pensions.

The new appointee, Jon Horsman, will serve a 3-year term, beginning 1 july 2023 and ending 30 June 2026. This appointment will fill the vacancy caused by Jacqueline Sheppard retiring from the board.

Horsman is an executive finance and banking professional who most recently served as the senior executive vice president of business at ATB Financial, as well as CEO of ATB Capital Markets, where he was responsible for the strategy, direction, and leadership of ATB’s presence in business markets.

He holds a bachelor’s degree in philosophy from Gonzaga University and an MBA from the University of Alberta.

He has also donated thousands of dollars to the UCP since 2018.

In 2018, he donated $1,200 to the party. In 2019, he donated $2,000 to the UCP constituency association in the Calgary-Elbow riding. He also donated $2,000 to the UCP’s 2019 election campaign. In 2020, he donated $4,000 to the party. He donated $2,500 to the party in 2021.

Horsman also ran briefly for the UCP leadership last year, but dropped out just before the 20 July cutoff and endorsing Toews for leader of the party.

According to AIMCO’s 2021 annual report, board members are entitled to a base retainer of $20,000, plus $1,000 for each meeting they attend. During the 2020–2021 fiscal year, the average amount paid out in meeting reimbursement was just over $24,000 per board member, and the median reimbursement was $27,500. Board members also qualify for travel reimbursement.

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By Kim Siever

Kim Siever is an independent queer journalist based in Lethbridge, Alberta. He writes daily news articles, focusing on politics and labour.

2 replies on “UCP donor appointed to AIMCO board of directors”

The insidious infestation of UCP adherents to various and sundry boards makes it impossible for everyday Albertans’ to get a fair deal. University boards and campuses are full of UCP cohorts, who are ruining education for our children. Now we have Horsman on the Aimco board. What is his qualification other than to be a UCP “friend”..??? No wonder this province is so screwed up. Wonder how much his salary is??

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