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Total assets under management for Winnipeg-based IGM tumbled 8 per cent to $118.7-billion from a year earlier.
Total assets under management for Winnipeg-based IGM tumbled 8 per cent to $118.7-billion from a year earlier.
(J.P. Moczulski/Reuters/J.P. Moczulski/Reuters)

Management shakeup at IGM Financial

On the same day it reported a first-quarter profit drop, Winnipeg-based IGM Financial Inc. said it would shake up its management, appointing a new co-chief executive officer.

Jeffrey Carney, an experienced mutual-fund industry executive, will take the reins at the mutual fund giant on May 6. He will also serve as co-CEO of Mackenzie Inc., a subsidiary of IGM.