IGM Financial Inc. announced retirement of Barry McInerney as President of Mackenzie Financial Corporation effective June 30, 2022. During his time with Mackenzie, Barry has driven the company forward to become a leading Canadian asset manager, with presence in Boston, Dublin, Hong Kong and Beijing and a growing strategic relationship with ChinaAMC. With Barry's retirement, Luke Gould, presently Chief Financial Officer of IGM Financial will become the President of Mackenzie Investments effective July 1, 2022.

Luke joined IG Wealth Management in 1997 and since that time he has progressed in the organization through roles in business and strategic analysis, investor relations and corporate finance. After being appointed Chief Financial Officer of IG Wealth Management in 2012, he was also appointed Chief Financial Officer of Mackenzie in 2013, becoming Chief Financial Officer of IGM Financial in 2018. With the change in leadership at Mackenzie, the company announced a related appointment which builds on the company's strength while further streamlining the organization.

Kristi Ashcroft has taken on an expanded role as Executive Vice-President, Products & Solutions for Mackenzie Investments effective March 7, 2022. Kristi joined Mackenzie in 2015 as Vice-President, Senior Investment Director - Fixed Income and was promoted to Senior Vice-President, Head of Product in 2019. She previously served in senior roles at a large investment bank in the U.S. As part of her new role, Kristi will now oversee all products and services provided by Mackenzie including Exchange Traded Funds, Alternative Investments, and Retirement.

The company also announced joining of Kelly Hepher as Chief Risk Officer effective April 1, 2022. Kelly comes from Canada Life where she had more than 20 years of experience, including enterprise and operational risk management, strategic planning and special projects. Most recently, she served as Senior Vice-President and Canada Chief Risk Officer for Great-West Lifeco, where she was responsible for risk management operations across the Canadian operating segment.

In addition to leading IGM's enterprise risk management program, Kelly will also be responsible for corporate sustainability and will have administrative responsibility for the firm's internal audit function, which were previously under Luke Gould.