The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Who Will Take Over BMO GAM in the U.S.? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, May 09, 2016

Who Will Take Over BMO GAM in the U.S.?

Reported by Neil Anderson, Managing Editor

One of BMO Global Asset Management's [profile] two co-CEOs is moving on and taking over a Canadian asset manager.

Barry McInerney
Mackenzie Investments
president and Chief Executive Officer
Jeff Carney, president and CEO of Winnipeg, Manitoba-based IGM Financial, confirms that on Friday Barry McInerney took over IGM's Mackenzie Investments subsidiary as president and CEO. McInerney succeeds Carney himself, who had previously also held the president and CEO spots at Mackenzie in addition to leading IGM.

McInerney most recently served as co-CEO of BMO GAM and CEO of BMO Asset Management U.S. and International. Rajiv Silgardo served as co-CEO of BMO GAM alongside McInerney and also serves as CEO of BMO AM Canada. Richard Wilson serves as CEO of BMO GAM EMEA.

MFWire could not immediately reach a BMO spokesperson for comment on who will be taking over BMO AM U.S. and International.

Also on Friday, IGM held its annual meeting and former IGM president and CEO Murray Taylor retired from the company, after having shared the reins with Carney.

McInerney, a native Canadian, has been based in Chicago with BMO. For the Mackenzie job he will be returning to Canada, as he will be based in Toronto.

McInerney calls the Mackenzie job a "great opportunity." He says he "had a great seven-year run" at BMO, which he calls "a terrific company."

An alumnus of the University of Toronto, McInerney joined BMO seven years ago. He previously worked at Russell Investments and Mercer.

IGM and Mackenzie are actually cousins to a trio of familiar firms south of the border: Putnam, Great-West Investments, and Empower Retirement. And Carney himself once worked under Bob Reynolds at Fidelity and then at Putnam. IGM overall has about C$132 billion (about $101 billion in U.S. currency) in AUM. Mackenzie has C$60.7 billion (about $46.8 billion in U.S. currency) in AUM, including C$47.6 billion ($36.7 billion in U.S. currency) in mutual fund AUM.

BMO GAM has more than $230 billion in AUM worldwide, including more than $54 billion in the U.S. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. Director Discussion Series - Open Forum via Zoom, September 29
  2. IMEA roundtable - Portfolio Construction, September 29
  3. MMI webinar - The Future of Marketing is Changing ... Are You Ready?, September 29
  4. IDC Speaker Series - A Conversation with Roger Ferguson, October 3
  5. IDC webinar - A Conversation with Roger Ferguson, Jr., October 3
  6. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  7. Nicsa Fearless Leadership Symposium, Oct 6-7
  8. 7th Annual FUSE Forum, October 6
  9. 2022 ICI Securities Law Developments Conference - day 1, October 11
  10. MFDF Director Discussion Series - Open Forum (San Francisco), October 12
  11. 2022 ICI Securities Law Developments Conference - day 2, October 13
  12. MFDF In Focus: ESG Data Requirements - What Directors Need to Know, October 19
  13. 2022 MMI Annual Conference, Oct 19-21
  14. 2022 IDC Fund Directors Conference, Oct 24-26
  15. 18th annual Expect Miracles Wine & Spirits Event, October 27
  16. Buford Capital Securities Litigation Symposium, November 1
  17. IMEA All-Council Fall Summit, Nov 2-3
  18. Nicsa 2022 General Membership Meeting, Nov 2-3
  19. Tiburon CEO Summit XLIII, Nov 7-9
  20. 2022 ICI Tech Summit, Nov 8-9
  21. UCITS & AIFMD for U.S. Managers - New York, Nov 8-9
  22. 2022 MMI Distribution Leadership Forum, Nov 9-10
  23. MFDF Asset Management Industry Update and Director Governance Trends, November 10
  24. 3rd Annual ETFGI Global ETFs Insights Summit - United States, Nov 15-16
  25. 2022 MMI Alternative Investments Forum, November 16
  26. MFDF webinar - Mutual Fund CCO Compensation: The MPI Annual Survey Update, November 16

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use