Bachher Gets CIO Job at UC Investment Board
Seeking a warmer climate, Jagdeep Singh Bachher, who has been with the with Alberta Investment Management Corp. (AIMCo) since 2009, has been appointed chief investment officer of the University of California’s Office of the President. He will join the university on April 1st, reporting directly to the UC Board of Regents. Bachher will be the steward of more than US$ 80 billion in assets.
He succeeds Marie Berggren who retired in 2013 after an 11 year stint. Bachher was chosen after a long international search followed by Berggren’s retirement.
“I’m grateful and humbled by this phenomenal opportunity to join the University of California,” Bachher said in a press release. “I know that working to ensure the health and longevity of the university’s financial assets has a direct impact on UC’s educational, research and public service mission. This is a chance to really make a difference.”
According to the press release, Bachher will receive an annual base salary of US$ 615,000 per year. In addition, he will be able to participate in an incentive plan with a target award of 100% of his base salary. There is a maximum of potential award of 165% of his base salary.
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