IGM Financial Inc.

IGM Financial Inc.

May 03, 2013 11:53 ET

Jeffrey R. Carney Named Co-President and CEO of IGM Financial, and President and CEO of Mackenzie

WINNIPEG, MANITOBA--(Marketwired - May 3, 2013) - The Boards of Directors of IGM Financial Inc. ("IGM") (TSX:IGM) and Mackenzie Inc. ("Mackenzie") announced today that they have appointed Jeffrey R. Carney, CFA, as Co-President and Chief Executive Officer of IGM, and President and Chief Executive Officer of Mackenzie, effective May 6th, 2013. Murray J. Taylor remains in his current role as Co-President and Chief Executive Officer of IGM.

Mr. Carney has more than 25 years of experience in the investment management and banking industries in Canada and the US. He has held senior executive positions at some of the most prominent financial organizations in North America. He is a graduate of the Bachelor of Commerce program at Queen's University and holds the Chartered Financial Analyst designation.

"I have been an avid admirer of Mackenzie Investments for over 25 years and it is a privilege to have the opportunity to be part of such a well-respected and leading Canadian financial services organization," said Mr. Carney.

Mr. Carney succeeds Charles R. Sims, FCA, who has been Co-President and Chief Executive Officer of IGM, and President and Chief Executive Officer of Mackenzie, since 2005.

"Charlie Sims has made a significant contribution to Mackenzie and IGM Financial over the past eight years," said Jeffrey Orr, Chairman. "He has kept Mackenzie focused on delivering investment excellence to its clients, expanded its distribution reach and strengthened the leadership team."

Mr. Sims will continue working with the Power Financial group following a period of assisting Mr. Carney with leadership transition.

"I am proud of the work we have done and the team we have assembled and developed at Mackenzie Investments during my tenure," Mr. Sims said. "I look forward to the opportunity to continue to build on our collective success with the Power Financial group of companies."

IGM Financial Inc. is one of Canada's premier personal financial services companies, and one of the country's largest managers and distributors of mutual funds and other managed asset products, with over $125 billion in total assets under management. Its activities are carried out principally through Investors Group through a network of approximately 4,500 Consultants, Mackenzie Financial Corporation through a diversified network of third-party financial advisors and Investment Planning Counsel through a network of financial planners who are dedicated to serving the needs of their clients. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

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