AIC Ltd. today announced the appointment of Jonathan Wellum to chief investment officer, effective immediately.

Wellum was a member of AIC’s senior management team from 1990 to 1999. In 1999, he formed Georgian Capital Partners Inc. of which AIC held a 20% equity interest. Georgian Capital amalgamated with a subsidiary of AIC in April 2002.

“I am excited with the opportunity to work with the talented and focused group of investment professionals at AIC,” said. Wellum in a statement.

In addition to his CIO duties, Wellum will remain lead manager on three AIC Funds — AIC American Advantage Fund, AIC Diversified Canada Fund and AIC Value Fund. Wellum is also portfolio manager of AIC Diversified Canada Corporate Class, AIC American Advantage Corporate Class and AIC Value Corporate Class.