changes ahead sign / gerenme

Each week, Investment Executive summarizes notable management shifts across the financial and wealth management industry.

  • Effective today (March 2), Manulife Securities has a new president and CEO. Rick Annaert, who’s led the firm for the past 17 years, announced his retirement in a LinkedIn post on March 1, noting, “I am thankful for our advisors, their partnership, and for the privilege of working with some of the industry’s finest forward-looking, goals-based, holistic advice providers.” Taking Annaert’s place — and heralding in “a big and exciting year for Manulife Investment Management” — is Richard McIntyre, who joined Manulife Investment Management as head of sales for Manulife Securities in February of last year. A statement from the firm said McIntyre will report to Leo Zerilli, head of Manulife Investment Management in Canada, and that he’ll play “an integral role in prioritizing advisor experience in all aspects of our strategy.”
  • Mackenzie Investments CEO Barry McInerney is retiring this summer, with IGM Financial chief financial officer Luke Gould set to replace him. McInerney spent the past six years of his 35-year career leading the firm, and will officially step down June 30. Gould joined IG Wealth Management in 1997 and most recently served as IGM Financial’s CFO.
  • CWB Financial Group has unanimously named Sarah Morgan-Silvester, a corporate director with a background in financial services, as the new leader of its board. She will succeed Robert Phillips, who’s served as board chairman for the past six years and as a CWB director since 2001. Morgan-Silvester has worked at institutions such as HSBC Bank Canada and the C.D. Howe Institute.
  • Global institutional asset manager SLC Management, a business arm of Sun Life Financial Inc., has appointed four new senior managing directors, effective March 26. The roles, introduced to reflect “the continued growth and expansion of the investment capabilities the firm offers to clients” according to a release, will be filled by: Toronto-based Jacqueline Gallant, senior managing director, and head of institutional marketing and communications; Wellesley, MA-based Daniel Lucey, senior managing director and senior portfolio manager; Waterloo, Ont.-based Jeffery Mayer, senior managing director of private securitization finance; and Waterloo, Ont.-based Bryan Rowe, senior managing director of Global Portfolio Management. They have varying tenures at the firm.
  • Effective April 4, Leah Nguyen will take on the role of CIO for InBC Investment Corp., a new Crown corporation that is said to be “responsible for a $500-million strategic investment fund that will help B.C.-based businesses grow and diversify the economy.” Nguyen is coming from her position as investment director for the Telus Pollinator Fund for Good — she’s been with Telus since 2014 in various roles.

If you know of other people moves in the financial industry and/or would like us to consider your announcement, email Katie Keir at