BMO Global Asset Management Co-CEO Takes Reins at Mackenzie Investments

May 6 2016 | 7:39pm ET

Canadian investment manager Mackenzie Investments has named former BMO Global Asset Management co-CEO Barry McInerney as president and CEO.

McInerney takes the helm from Jeff Carney, who has been named co-president and CEO of Mackenzie’s parent company IGM Financial, according to a statement. The appointment is effectively immediately. 

McInerney is a CFA charterholder with more than 25 years of experience in the investment management business. He joined BMO in early 2009 after serving as president and CEO of Harris Investment Management. Beforehand, he was president of Mercer Investment Management and was managing director of institutional investment strategy for Russell Investments.

“Mr. McInerney brings a global perspective and experience to the Mackenzie Investments team,” said Carney in a statement. “I look forward to working with him to build on Mackenzie’s strong legacy and increasing marketplace momentum.”

Founded in 1967 and headquartered in Toronto, Mackenzie is a subsidiary of Canadian asset management firm IGM Financial, which with around $142 billion in AUM is one of the largest independent money managers in Canada. Mackenzie itself had more than $44.5 billion in assets under management as of December 31, deployed across mutual funds, ETFs, managed accounts and alternative investment strategies. 

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