AIM Investments has promoted mutual fund veteran J. Philip Ferguson to chief investment officer, the company announced Wednesday.

In his new role, Ferguson, who replaces outgoing CIO Edgar M. Larsen, reports to Mark Williamson, president and CEO of AIM.

"Phil's experience and leadership will be critical factors in helping us continue to build the resources, processes and disciplines necessary to deliver quality investment solutions for our clients," Williamson said.

Ferguson, who joined AIM in 2000 as a senior investment officer, previously worked on two equity funds, the AIM Select Equity and the AIM Diversified Dividend funds, and participated in overall investment strategy planning.

Prior to joining AIM, Ferguson was a managing partner for Beutel, Goodman Capital Management, where he and kept a hand in security analysis operations and managed a number of client portfolios. In 1984, Ferguson joined Lehman Brothers as a senior vice president and led the firm's institutional sales effort in the southwest U.S. from 1986 to 2000.

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