Winnipeg-based IGM Financial Inc. has announced a management shake-up on Thursday with the appointment of two new heads of Toronto-based Mackenzie Investments and Winnipeg-based Investors Group Inc.
Barry McInerney will take over as president and CEO of Mackenzie Investments on Friday. McInerney has more than 25 years of industry experience and held several senior executive roles with financial services institutions in North America; he was most recently co-CEO of BMO Global Asset Management.
“It is an honour to lead Mackenzie Investments at this exciting time in its history and to further execute on the vision and strategies being pursued by the Mackenzie leadership team,” McInerney says in a statement.
McInerney replaces Jeffrey Carney, who has been named president and CEO of both Investors Group and IGM Financial on Thursday. Carney, who has led Mackenzie Investments since 2013 and was co-president and CEO of IGM prior to the announcement, replaces the retiring Murray Taylor as head of Investors Group.
IGM Financial is the investment division of Montreal-based Power Financial Corp. IGM manages approximately $132 billion in assets mainly through networks of financial advisors with Investors Group, Mississauga, Ont.-based Investment Planning Counsel Inc. and Mackenzie Financial Corp.
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