CI Financial’s Stephen A. MacPhail speaks during the annual general meeting of shareholders in Toronto.MIKE CASSESE/Reuters
CI Financial says its president and chief executive, Stephen MacPhail, will retire at the end of June after 22-year career at the wealth management company.
His replacement is Peter Anderson, interim CEO of Aston Hill Financial Inc.
Anderson was formerly an executive vice-president and member of the CI Financial board after also having held the positions of chief investment officer and CEO of the company's subsidiary, CI Investments Inc.
The CI board also announced that Sheila Murray, executive vice-president and general counsel, has been appointed company president.
CI Financial Corp. is an independent, Canadian-owned wealth management company with approximately $141.4-billion in assets.