Who is the new global head of private equity at BCI?

Jon Salon has been appointed as the new global head of private equity at BCI.

What was Jim Pittman's contribution to BCI's private equity unit?

Jim Pittman grew BCI's private equity unit from C$7 billion to C$36 billion and expanded its global footprint.

What is the total asset value managed by BCI?

As of March 31, BCI had C$251.6 billion in net assets under management.

Home / Business and Economy / BCI Taps New Private Equity Chief From Cigna

BCI Taps New Private Equity Chief From Cigna

23 Jan

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Summary

Jon Salon appointed global head of private equity at BCI.
Jim Pittman departs BCI after growing private equity unit significantly.
BCI manages retirement savings for British Columbia's public sector workers.

BCI Taps New Private Equity Chief From Cigna

British Columbia Investment Management Corp. (BCI) announced Jon Salon will assume the role of global head of private equity next month. Salon, who joined BCI this year from Cigna Group's Evernorth Health Services, brings extensive experience from his previous tenure as a founding partner at Bedford Funding.

He succeeds industry veteran Jim Pittman, who is set to depart BCI at the end of the current month. Pittman's tenure saw the private equity division grow substantially, from C$7 billion to C$36 billion, alongside an expanded global presence with offices in New York and London.

BCI, responsible for investing the retirement savings of British Columbia's public sector workers, reported net assets of C$251.6 billion as of March 31. The transition marks a new chapter for BCI's private equity strategy under Salon's leadership.

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