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BCI Taps New Private Equity Chief From Cigna
23 Jan
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.
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.
