The Board of Directors of CI Financial Corp. announced Aug. 6 the appointment of Kurt MacAlpine as Chief Executive Officer and a Director of the corporation, effective Sept. 1.
Previously, MacAlpine served as Executive Vice-President and Head of Global Distribution for WisdomTree Asset Management. He also previously worked as Leader of the North American Asset Management Practice for McKinsey & Company.
At CI, he is replacing Peter Anderson, who announced in April 2019 that he would retire as CEO no later than mid-2020. Anderson has committed to remaining at CI in the short term to assist with the transition of responsibilities.
“Kurt brings to CI a powerful combination of strategic thinking, innovation, and operational experience across diverse aspects of the wealth and asset management business, both in North America and globally,” said David Miller, Director of CI and Chairman of the Board’s Governance, Human Resources, and Compensation Committee.
MacAlpine holds a bachelor of commerce degree from Saint Mary’s University in Halifax, Nova Scotia, and an MBA from Queen’s University in Kingston, Ontario.