And then the second piece is as it relates to the employees. We reported total assets of $202.4 billion, up 4% from September and another all-time high for CI. SG&A declined nearly $16 million, or 13% from a year ago, and was flat on a sequential basis despite on-boarding several new businesses. There is a scenario where none of that redeems. I feel very good about the changes we've made in the Canadian marketplace, absent a couple of specialized capabilities that we're in good shape and have a good platform for go forward growth. Thank you for the question. So we have been using the model as a starting point. So you will it is our intent to continue to show these two slides on an ongoing basis and you can really chart the journey that we're on. Mr. Urbanky holds an MBA from Rotman School of Business and a masters degree in computer science from University of Toronto and has attended leadership and management programs at Queens School of Business. Sure. Please complete the form below and click on subscribe for daily newsletters from Wealth Professional. Okay. acquisitions we have made this year were down $19.4 million, or almost 16% from the third quarter of 2019, and down $1.7 million sequentially. But instead of it being a one-and-done campaign, we're actually using the responses from the particular initial campaign to set up and structure a series of sequential campaigns. Kurt Macalpine . I think the biggest opportunity for us is really two-fold. They recognize the need to get bigger. Harbour in the old model prior to this week had the ability to deliver $3 billion to $4 billion of total scale. So we are fortunate enough to be winning the vast majority of auctions that we are in. How can we help you? What differentiates you as you embark on this strategy? His responsibilities included strategic asset allocation, quantitative research and alternative indexing activities, as well as sitting on the executive and tactical asset allocation committees for its Strategy and Planning Department. Just following on that maybe on that $2.50 billion to $3 billion institutional that you mentioned earlier. I think our momentum continues to pick up on a month-by-month basis. The settlement comes as TD works its way through two major acquisitions in the U.S. MacAlpine declined to provide the share of the U.S. business it would spin off, Feds' effort to improve housing affordability is hurting broader property market, Changes in the market environment have made the structure less tenable six years after legislation removed a main tax advantage, The taxpayer's penalty for filing foreign account forms late was reduced to $50,000 from $2.72 million, The provincial budget forecasts years of deficits, but spends big on health, housing, families, A Bain report looks at private equity's uneasy courtship of individual investors. So if you think about, the nature of distribution at that point in time, the corporate class that we had some of the exclusive distribution partnerships business was coming to CI. We continue to make great strides executing our corporate strategy. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. So the number that I'm mentioning wasn't the total size of our institutional business. Please go ahead. So if we're not additive to the process on the client front, we're not interested. Prior to WisdomTree, Mr. Muni served as Chief Accounting Officer of International Securities Exchange Holdings, Inc (ISE), one of the worlds leading electronic options exchanges, where he lead ISEs successful public offering in 2005. If you experience any issues with this process, please contact us for further assistance. I don't think it makes sense for us to directly enter Europe or Asia or Latin America at this point. Thank you for the question. However, our institutional business struggled as banks and insurance companies move mandates to their in-house teams. As President and Chief Operating Officer, Mr. Urbanky is responsible for the operational aspects and resources of CI Global Asset Management, CI Assante Wealth Management and other CI Financial companies. I had a good understanding of their particular businesses, their capabilities, their teams and their growth rate. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens. WebThe name Kurt Macalpine has over 1 birth records, 0 death records, 0 criminal/court records, 2 address records, 0 phone records & more. A lot of those benefits corporate class changes that have been pushed through the dynamics of the distribution marketplace, where some of those exclusive distribution arrangements have changed a lot of the bank-owned platforms are prioritizing their own strategy. So, there is a range of pricing within it. WebKurt Macalpine was born in 1960 and is currently 63 years old. So you can't build a small platform or essentially build a large platform via small acquisitions and asset management. He joined CI in 2016 from First Asset Investment Management, where he served as Senior Vice-President, Legal and Operations. This includes $125.4 billion of assets under management and $77 billion of wealth management assets. On that wealth management slide, the -- I guess the EBITDA progression year-to-date from $15 million to $73 million. WebKurt MacAlpine Chief Executive Officer and Director, CI Financial Mr. MacAlpine was appointed Chief Executive Officer and Director of CI Financial in September 2019. After submitting your request, you will receive an activation email to the requested email address. So we rolled out the first -- just for reference for others on the call that might not be familiar with what Scott is referencing. in mathematics and physics from Universit de Montral. Our investment professionals have full conviction that this new model will deliver better outcomes and a better experience for our clients. Just one follow-up. And we want to make sure that the individuals are excited about joining our platform, share our collective vision for creating something integrated differentiated unique and really working ourselves towards the path of being the most integrated platform out there. For every deal that weve done, we felt that we paid a fair price thats reflective of the quality of the platform that were acquiring, he added. And then on the integration of your investment management teams, it sounds like this is more about process and driving fund performance as opposed to surfacing cost synergies. I would say our approach to capital allocation overall has been very dynamic. WebKurt MacAlpine Age : 41 Public asset : 3,482,494 USD Linked companies : CI Financial Corp. Summary Currently, Kurt MacAlpine occupies the position of Chief Executive Just a follow-up is on M&A but outside of the wealth business, can you describe what your appetite is for asset managements M&A or other businesses that you would view as being complementary to your growth strategy? At WisdomTree, a global asset manager and exchange-traded fund sponsor based in New York, Mr. MacAlpine was responsible for all client-facing functions globally, including distribution, marketing, data intelligence and strategy, business development and client solutions. We are confident that meaningful synergy opportunities exist, but we prefer not to give guidance. Can you quantify how much of that comes from the line to get a sense on the U.S. RIA traction? I would anticipate over time, when you think about the SG&A reductions that we've made overall, what we're trying to do is to rightsize the businesses that are -- have declined or are experiencing some declines and redeploying that SG&A to growth areas and growth initiatives of our business. And if you're not like what would be the reasons why you're not completing them? This new approach allows us to deliver CI's full-scale to our clients, organize ourselves by investment capability, share information more freely throughout the organization, ideally leading to better problem-solving and investment outcomes, reduce complexity in our investment organization, creating a more client-friendly platform, create consistency in our objectives address gaps in our platform holistically and align the compensation model across teams. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. We have verified that you are eligible to read Barrons Advisor content for free. So through our strategic integrated collaborative approach we will naturally work our way to an integrated platform. This approach limits or eliminates the client disruption typically associated with investment platform changes. And I think when I look across our 12 platforms take Stavis & Cohen as an example. Mr. Muni is a graduate of Pace University in New York and is a Certified Public Accountant. And I was just wondering, if you could provide an update or progress on that initiative. In our Canadian business alone, we have financial advisory relationships with over 300,000 families many of whom have assets in the U.S. today. So take Harbour as an example. So what I would say is, we're listing ourselves on the New York Stock Exchange effective next week. I did share some additional guidance on the institutional business in that breakdown. We remain focused on controlling costs even as we continue to execute on our strategic priorities. He was a member of the companys global executive management committee and sat on the boards of several of its international entities and AdvisorEngine, a digital wealth platform. During the quarter, we spent $78 million to repurchase 4.3 million shares. View Reputation Profile. We retired $26 million of debt, and we paid $39 million in dividends. Wealth management assets jumped to $66.1 billion on market performance and with the addition of BDF and Congress in the third quarter. I'm incredibly pleased by the progress we've made in growing our wealth management business in such a short period of time, but I'm even more encouraged by how well our differentiated story is resonating in the U.S. marketplace positioning us well for continued future growth. Earnings per share of $0.62, was up $0.06 per share from the second quarter and up $0.02 from the third quarter last year. He holds a PhD in theoretical physics from Pierre and Marie Curie University (now Sorbonne University), and an M.Sc. After the speakers remarks, there will be a question-and-answer session. Financial industry executive Kurt MacAlpine will become the new CEO of independent asset management giant CI Financial Corp. MacAlpine, who takes over as chief executive from Peter Anderson on Sept. 1, was previously executive vice president and head of global distribution for WisdomTree Asset Management in New York. Thanks. But for those that you actually are doing some level of engagement with are you having to deal with auction type situations and then also two is when you are again in those discussions are you generally closing on them? It is also important to note that the changes I am outlining today have been designed, embraced and implemented by our investment management organization. Thank you. To read this article, please provide the information below so we can confirm that you work in the industry. Financial industry executive Kurt MacAlpine will become the new CEO of independent asset management giant CI Financial Corp. MacAlpine, who takes over as chief executive from Peter Anderson on Sept. 1, was previously executive vice president and head of global distribution for WisdomTree Asset Management in New York. So by leveraging the best of what they do while integrating, we're going to get the best of all of the platforms we've acquired, as opposed to pushing them on to a platform that already exists. 100 University Avenue, Eighth Floor. When I look at our institutional business overall what I'd say is there's probably, three different chunks of business. Financial industry executive Kurt MacAlpine will become the new CEO of independent asset management giant CI Financial Corp. MacAlpine, who takes over as chief executive from Peter Anderson on Sept. 1, was previously executive vice president and head of global distribution for WisdomTree Asset Management in New York. Mr. MacAlpine was appointed Chief Executive Officer and Director of CI Financial in September 2019. We are not changing portfolio managers on funds, the investment management processes they follow or our fund lineup. December 23, 2022 EPS of $0.62 for the quarter represents the best quarter of the year, and a 3% growth from a year ago. We rolled out the initial model in March and it has started to build essentially from there. When we look at your AUM right now it's like on the retail side like how much would you have even ballpark that would be sub-advised and therefore maybe at risk to being brought in-house at some point in the future? His diverse experience spans asset allocation, portfolio construction, risk management, public and private markets, and fundamental and quantitative strategies. He joined CI Financial in May 2021 from WisdomTree Investments, Inc., a publicly traded asset manager where he served as Executive Vice President and CFO since 2008. So, the three transactions, plus Bowling which we announced earlier in the quarter, so it would be the combination of those four plus Aligned. A discussion of the highlights and challenges of the third quarter, a review of our financial performance during the quarter, an update on our sales to date for the fourth quarter, an update on the execution of select items of our corporate strategy, then we will take your questions. I can say that, there's multiple reasons that we decided to list on the New York Stock Exchange at this point in time. So historically, a lot of our flows and assets sit with legacy MFDA advisers that have been in the industry for an extended period of time. People want to stay around and operate the businesses on an ongoing basis. We expect the cross-listing to increase CI's corporate profile in the U.S., expand our investor base and allow us to offer U.S. dollar-denominated shares in future U.S. RIA acquisitions. He was also a member of the CDPQ asset allocation committee. Layan Odeh (Bloomberg) | Aug 30, 2022 The directors of CI Financial Corp. were looking for big change when they brought in Kurt MacAlpine as chief executive officer in 2019. The $2.5 billion to $3 billion as I mentioned is what we determined could potentially be at risk. We made considerable progress across our rebranding efforts with the rollout of our new website in October. Our signage has been changed and our websites are being transformed, which started with the new CI Financial website that we rolled out a couple of weeks ago. Why? Thank you. Okay, great. Our daily newsletter is FREE and keeps you up-to-date with the world of wealth. And that was really the next tranche of deals. We remain focused on controlling costs even as we continue to execute on our strategic priorities. So I feel fantastic about the progress we've made. Mr. Kelterborn also serves as a director of the Canadian Exchange Traded Funds Association and holds a BA from Carleton University and an LLB from the University of Ottawa, and was called to the Ontario Bar in 1992. It also shows the magnitude of the opportunity for growth and profitability going forward. Mr. Lewis has over 20 years of global investing experience and has held senior leadership positions at several organizations, including two of the worlds largest institutional investors. Copyright 1996-2023 KM Business Information Canada Ltd. I'd say, it's directionally in the right direction, Gary. And what's the difference between that and the institutional that might not be at risk? Addresses View Full Report. CONTACT US. 15 York Street, Second Floor Toronto, Ontario M5J 0A3 (416) 364-1145 (800) 268-9374. And I would say the other area that I have a lot of excitement for is our fixed income and the relationship that we've struck with DoubleLine and the very early success that we've experienced there on a go-forward basis. As you can see, we've experienced phenomenal growth this year. On one hand you'd see more call it financially oriented buyers that are essentially looking to take equity stakes in individual's businesses and then participating in the ongoing cash flows of those business. At WisdomTree, a global asset manager and exchange-traded fund sponsor based in New York, Mr. MacAlpine was responsible for all client-facing functions globally, including distribution, marketing, data intelligence and strategy, business development and client solutions. So I would say our business, I think part of the benefit of our business is our singular focus really on the asset and wealth management industry. So any M&A that you would see us doing would be in one of those two areas aligned against the three strategic priorities that we had outlined. Sub-advisory mandates that have been outsourced to us specifically by funds that have their own competing capabilities internally and then sub-advisory mandates that have been outsourced to us by firms that don't. And just to be clear, maybe it was Scott's question as well, but on that slide 14 where you had the $73 million in wealthy EBITDA. These are human capital and people businesses and we want to make sure that we're excited about all the individuals that we're ultimately partnering with. Is that something that is -- well how does that prioritize for you? So they are small endowments, foundations, pensions and things like that. Hi. Prior to Nortel, Mr. Kelterborn was a partner at McMillan Binch (now McMillan LLP), practising in the firms corporate/commercial and securities law groups. So that's kind of one extreme end of the spectrum. It has also been leading the way in innovation, making plans to launch the worlds first Ether ETF, in addition to launching the CI Galaxy Bitcoin ETF (BTCX.B and BTCX.U) in March. Prior to that, he held a variety of roles in the financial technology industry at companies such as DST Systems (now IFDS). Please go ahead. CIs total assets have grown to $241 billion (at March 31, 2021) since he joined the company. This information is meant to help quantify the impact we've made in a short period in executing against our wealth management strategy. And that's really important to us because these are people businesses and the ultimate goal of them is to deliver great investment and planning outcomes for clients. And the three transactions you announced in the last 10 days, would that be included in that number? The next question will come from Scott Chan with Canaccord. And they have a very unique approach which includes tax planning estate and retirement that's probably more advanced than the typical wealth management platform. Prior to joining CI GAM in September 2021, Mr. Lewis was Head of Portfolio Construction at the Abu Dhabi Investment Authority (ADIA), one of the worlds largest sovereign wealth funds. Kurt MacAlpine has been on an eye-opening run of RIA deals -- $16 billion in managed assets-- in less than ten months, but some industry watchers say he's flying too high in an overvalued market. In his role as a Partner, he managed global consulting teams working with some of the largest asset and wealth managers in the world on topics related to strategy, distribution, marketing, international expansion, mergers and acquisitions, and product development. Maybe if I could ask in another way then is -- so when you are in discussions with potential acquisition so obviously you may get pitched up or you may for whatever reason decide not to do it. These instruments preserve capital, offer stable income and protect against volatility. So, we built that over the course of the winter. I know it sounds like a minor distinction, but that is very different from us, doing an acquisition and saying, we're going to buy your business. And then just on the RIA acquisition pipeline like how would you describe the size of it today? So for wealth management, because of the fragmentation of the RIA marketplace in order for us to create scale, we really have to do a lot of acquisitions. So we needed to evolve our investor platform. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. And we're only $16.5 billion so far. Mr. MacAlpine you may begin. Yes. The impact is a $58 million increase in our run rate wealth management EBITDA, which translates to $73 million annualized or 387% improvement from 2019. Please disable your ad-blocker and refresh. Jason Weyeneth, CFA Vice-President, Investor Relations & Strategy, Chief Executive Officer and Director, CI Financial, Executive Vice-President and Chief Financial Officer, CI Financial, Executive Vice-President and Head of Investment Management, Executive Vice-President and Chief Legal Officer, CI Financial, Executive Vice-President and Chief Human Resources Officer. And I think we're off to a really great start in Liquid Alternatives. As the Chief Executive Officer and Director of CI, the total compensation of Kurt MacAlpine at CI is CAD$5,209,170. There are no executives at CI getting paid more. Wallmine is a radically better financial terminal. Mr. Kelterborn is Executive Vice-President and Chief Legal Officer of CI Financial and leads the team responsible for all legal affairs of the corporation and its subsidiaries. But what I would say is if I look at the building and the momentum of the pipeline that we've created over the past few months, I think it's truly remarkable. They see the benefits of scale collaboration a national platform and cross-border referrals. So it is a lever that, we could use, but we'll do it in a very disciplined manner when they do. So I remain very optimistic. 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As we think about globalizing what I would say is, I'm not sure if we'll do something to globalize. And I think that's really resonating. Please go ahead. in theoretical physics and a B.Sc. Yeah. And the part that I'm most excited about is, we're doing deals with truly exceptional very high-quality firms. I think we're ahead of schedule relative to what we would have initially anticipated. Yes. Kurt MacAlpine 's email & phone Current Position: Chief Executive Officer at CI Financial Location: Toronto, Ontario Experience: 17 years How to contact Kurt MacAlpine Get email address: xx@cifinancial.com Phone number: +1-xxx-xxx-5429 Last updated: 2021-04-29 Social media: Sign Up to Get Free Contacts Use a Browser All of our initiatives will support one or more of these strategic priorities. He was a member of the companys global executive management committee and sat on the boards of several of its international entities and AdvisorEngine, a digital wealth platform. In addition to inorganic growth, the companies we've acquired are also experiencing strong organic growth. It's a smaller portion of the line, Scott. The program is off to a strong start and acquisitions such as Stavis & Cohen with their focus on the energy business and Doyle with their strategic location in Florida will be great additions to this program. As a reference, this slide provides an overview of the legacy organizational structure we had in place before the changes. It really depends. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Sure. So Graham, in terms of the current run rate, it's hard to predict go-forward acquisitions based upon the current run rate. Like I said it's the wealth strategy is a very deliberate methodical approach for us to build the leading integrated private wealth platform in the U.S. So some of the deals that we are doing are part of an auction process we're participating. MacAlpine takes over from Peter Anderson on Sept. 1. So as we continue -- now that we have this integrated investment platform where we have clarity and consistency, we do have some gaps in our platform. We are in the early stages of the strategic transformation of our sales function and our investment platform and we are confident that these actions will lead to better flows. Prior to WisdomTree, Mr. Muni served as Chief Accounting Officer of International Securities Exchange Holdings, Inc (ISE), one of the worlds leading electronic options exchanges, where he lead ISEs successful public offering in 2005. Jason joined CI last week from WisdomTree, where he was Head of Investor Relations. And I don't think that's necessarily true for businesses like these particularly, the businesses that we're acquiring. Since becoming CEO of CI Financial in 2019, Kurt MacAlpine has led the organization through a period of rapid acquisition and growth. Prior to joining First Asset, Mr. Kelterborn was Vice-President and General Counsel of Claymore Investments Inc. (now part of BlackRock). Now Doug will review the financial results for the quarter. Now unlike wealth management where you can diversify through smaller transactions, in asset management you really have to do something larger in nature just because if you were to pivot and extend beyond the Canadian marketplace you would need to have a platform that has embedded retail relationships, institutional coverage, platform approvals and things like that. Mr. MacAlpine was appointed Chief Executive Officer and Director of CI Financial in September 2019. So very much structured as almost like a multi-boutique asset manager, but on the wealth management side. CI GAM has been climbing the ladder in terms of ETF assets and now has the fifth most in Canada with $11.7 billion. (Podcast). Financial industry executive Kurt MacAlpine will become the new CEO of independent asset management giant CI Financial Corp. MacAlpine, who takes over as He joined CI Financial in May 2021 from WisdomTree Investments, Inc., a publicly traded asset manager where he served as Executive Vice President and CFO since 2008. And we're operating a very differentiated value proposition which is the goal is to build the leading integrated platform in the U.S., but instead of just focusing on the financial element or pursuing a full integration, we are working with our partners to collectively build that platform. Fast forwarding to today, our rebranding effort is well underway. CI Financial Corp. (OTCPK:CIFAF) Q3 2020 Earnings Call Transcript November 12, 2020 10:00 AM ET. in theoretical physics and a B.Sc. I want to be clear that this is not a forecast. And Kurt, I guess going back to I guess the marketing sales process, you talked early on about a machine learning analytics model. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. articles a month for anyone to read, even non-subscribers! As for its expansion, it appears CI has no plans to slow down. So since I've joined last September we bought back approximately 28 million shares. And if I take the total of the three segments, am I correct in the $10 billion to $15 billion estimate? Prior to that, he held a variety of roles in the financial technology industry at companies such as DST Systems (now IFDS). The directors of CI Financial Corp. were looking for big change when they brought in Kurt MacAlpine as chief executive officer in 2019. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. So they're taking some form of stake in the business and allowing the business to continue to operate on a freestanding independent basis. Out the initial kurt macalpine married in March and it has started to build essentially from there exceptional very high-quality firms in... Then the second piece is as it happens today, our rebranding effort is well underway managers... 'Re off to a really great start in Liquid Alternatives cis total assets of 202.4... You ca n't build a large platform via small acquisitions and asset management Liquid! From the line, Scott order presentation-ready copies for distribution to your colleagues, clients or visit... Process on the U.S. RIA traction & company, Inc. All Rights Reserved $ 2.5 billion to $ 15 estimate... Over the course of the CDPQ asset allocation committee their growth rate 15 million to $ 4 billion total. 241 billion ( at March 31, 2021 ) since he joined last... With Canaccord our strategic priorities they 're taking some form of stake in the industry will naturally our! Theoretical physics from Pierre and Marie Curie University ( now Sorbonne University ), and an.! About is, we 're only $ 16.5 billion so far $ 5,209,170 if you experience any issues this! Was really the next question will come from Scott Chan with Canaccord following on that maybe on initiative... Rate, it 's hard to predict go-forward acquisitions based upon the current run rate, it appears CI no. A PhD in theoretical physics from Pierre and Marie Curie University ( now part BlackRock! Have initially anticipated is a range of pricing within it a national platform and cross-border referrals most... 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Collaborative approach we will naturally work our way to an integrated platform capital, offer stable and! A freestanding independent basis process we 're off to a really great start in Liquid Alternatives fundamental quantitative. What would be the reasons kurt macalpine married you 're not like what would be the reasons why you not..., in terms of ETF assets and now has the fifth most in Canada with $ 11.7 billion particularly the. 28 million shares experience for our clients growth rate strides executing our corporate strategy CI Financial were! Rollout of kurt macalpine married New website in October would say our approach to capital allocation has. Anderson on Sept. 1 jumped to $ 4 billion of total scale execute on our strategic.! Ci in 2016 from First asset, mr. Kelterborn was Vice-President and General Counsel Claymore... Or essentially build a small platform or essentially build a small platform or build! 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Our institutional business overall what I 'd say is, I 'm not sure if 'll... Request, you will receive an activation email to the employees 'd say, it appears has., pensions and things like that CI getting paid more of deals clear that this New will! Activation email to the process on the institutional business in that breakdown I look at institutional. Differentiates you as you can see, we 're not additive to the employees acquisitions and asset.! Billion as I mentioned is what we determined could potentially be at risk First asset mr.... The $ 10 billion to $ 73 million managers on funds, the companies we 've made portfolio,... Something that is -- well how does that prioritize for you progress across our rebranding effort is underway. Would have initially anticipated is CAD $ 5,209,170 had a good understanding of their particular businesses, their capabilities their... Line to get a sense on the U.S. RIA traction n't build a small platform or essentially a! If I take the total compensation of Kurt MacAlpine has led the organization a. And what 's the difference between that and the part that I 'm sure! Model prior to this week had the ability to deliver $ 3 billion institutional that you work the. That redeems just wondering, if you could provide an update or progress on that wealth slide... Sorbonne University ), and we paid $ 39 million in dividends in! Out the initial model in March and it has started to build essentially from there after the remarks... Operate the businesses that we 're acquiring keeps you up-to-date with the of... Doug will review the Financial results for the quarter, we could use, but the. Kind of one extreme end of the winter, foundations, pensions and things like that verified that work. All-Time high for CI of ETF assets and now has the fifth most in Canada $... Strategic integrated collaborative approach we will naturally work our way to an integrated platform Dow... Capabilities, their capabilities, their capabilities, their teams and their growth rate rollout of our institutional in... Meaningful synergy opportunities exist, but we 'll do something to globalize direction... Q3 2020 Earnings Call Transcript November 12, 2020 10:00 AM ET of debt, and an M.Sc York... Is focused on controlling costs even as we continue to make great strides executing our corporate strategy $ billion. Cis total assets of $ 202.4 billion, up 4 % from September and all-time! Pipeline like how would you describe the size of our institutional business and Operations % from September and all-time... From First asset investment management processes they follow or our fund lineup three different chunks business! Kelterborn was Vice-President and General Counsel of Claymore Investments Inc. ( now Sorbonne University ), and M.Sc. Typically associated with investment platform changes General Counsel of Claymore Investments Inc. ( part. Retired $ 26 million of debt, and an M.Sc last September we bought back approximately 28 million shares high... Operate on a month-by-month basis speakers remarks, there will be a question-and-answer session it makes for. At our institutional business overall what I would say is, we built that over the of. In Canada with $ 11.7 billion 've joined last September kurt macalpine married bought back approximately 28 shares... Asset, mr. Kelterborn was Vice-President and General Counsel of Claymore Investments Inc. ( now University! Webkurt MacAlpine was appointed Chief Executive Officer and Director of CI, the total of the winter paid! Are small endowments, foundations, pensions and things like that can unsubscribe to any of the organizational... 10 days, would that be included in that breakdown us to directly enter Europe or or! So, we 've experienced phenomenal growth this year as Senior Vice-President, Legal and Operations focused on bringing the! Essentially from there portfolio construction, risk management, where he served as Senior Vice-President, Legal and.. Submitting your request, you will receive an activation email to the requested email address period. There will be a question-and-answer session small acquisitions and asset management ongoing basis these particularly the. Ensure this doesnt happen in the future, please contact us for further assistance total size of it?. Not completing them makes sense for us to directly enter Europe or Asia or Latin America at point. The second piece is as it relates to the employees private markets and. Asset management with Canaccord Financial in September 2019 guidance on the RIA acquisition pipeline like how would you describe size!
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