The Board of Directors of CI Financial Corp. announced the appointment of Kurt MacAlpine as Chief Executive Officer and a Director of the corporation, effective September 1, 2019. Mr. MacAlpine has valuable experience and exceptional insight into the North American and global wealth and asset management sectors, having served as Executive Vice-President and Head of Global Distribution for WisdomTree Asset Management and as Leader of the North American Asset Management Practice at McKinsey & Company.

Prior to joining WisdomTree in July 2015, Mr. MacAlpine was a Partner at McKinsey. Mr. MacAlpine will join a seasoned executive team that leads CI's diverse operations. The team includes Darie Urbanky, who was recently appointed President and Chief Operating Officer of CI.

Mr. Urbanky had been named Executive Vice-President and Chief Operating Officer in 2018 and, prior to that, served as Chief Technology Officer of subsidiary CI Investments Inc. He is replacing Peter Anderson, who announced in April 2019 that he would retire as CEO no later than mid-2020. Mr. Anderson has committed to remaining at CI in the short term to assist with the transition of responsibilities.