Barry McInerney was named president and CEO of Canadian money management firm Mackenzie Investments, said spokesman Ron Arnst.
Mr. McInerney, previously the co-CEO of BMO Global Asset Management, replaces Jeffrey R. Carney, who was also co-president and CEO of IGM Financial, of which Mackenzie is a subsidiary. Mr. Carney has been named sole president and CEO of both IGM Financial and its financial adviser subsidiary Investors Group.
BMO spokesman Paul Gammal said the global asset management team will take on Mr. McInerney’s responsibilities for the time being and an announcement on a replacement will be made in the coming weeks. Mr. McInerney was co-CEO at BMO Global with Rajiv Silgardo.
Mackenzie Investments had $44.5 billion in assets under management as of Dec. 31.
