Investment Management
Toronto-based wealth and asset manager, owned by Mubadala Capital since its 2025 take-private.
CI Financial, founded in 1965 and headquartered in Toronto, runs Canadian asset management (CI Global Asset Management, one of the country's largest fund companies at about C$175 billion after buying Invesco's Canadian fund business in 2026) and wealth businesses including CI Assante Wealth Management, CI Private Wealth and CI Direct Investing. Mubadala Capital, the alternatives arm of Abu Dhabi's Mubadala Investment Company, completed its take-private on August 12, 2025, and CI now describes itself as wholly owned by Mubadala Capital; it was delisted from the TSX but remains a reporting issuer. CEO Kurt MacAlpine kept his role and rolled all of his equity into the new structure. For Canadian candidates, most roles sit in Toronto, with sales and wealth offices from Vancouver to Halifax.
1 open roles6 deals3 people15 sources
Canadian fund manager of mutual funds, ETFs and liquid alternatives, using in-house teams and sub-advisors; became manager of 98 former Invesco Canada funds in June 2026.
Advisor-led wealth planning for Canadian households and high-net-worth families, with Assante offices across all regions.
Online/robo investing and a Canadian broker-dealer providing brokerage and trading services.
CI Segall Bryant & Hamill (Chicago), CI Global Investments (Boston, Hong Kong) and GSFM in Australia.
| Toronto | ON | headquarters |
| Vancouver | BC | regional |
| Calgary | AB | regional |
| Saskatoon | SK | regional |
| Winnipeg | MB | regional |
| Montreal | QC | regional |
| Halifax | NS | regional |
Chicago · Boston · Sydney · Melbourne · Brisbane · Hong Kong
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From the inside
Reasons that work in interviews
3 reasons for CI Financial
The firm’s investment philosophy is published and almost no candidate reads it. Quoting a manager’s own stated criteria back to them, with one company you applied it to, beats any structural reason here. Say which part you agree with and, if you can defend it, one part you would push on.
Taken private in 2025, so the strategy is being reset away from public market scrutiny: worth asking what changes.
Large US wealth platform build gives Canadian people genuine American exposure.
Consolidator rather than pure manager, so the work involves integration as much as investing.
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Winter 2027
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Open roles on BSO Jobs1
Chief Executive Officer
Executive
Led CI through its 2025 sale to Mubadala Capital, keeping his role and rolling all of his equity into the private company; remains a director. Fronted the 2026 acquisition of Invesco's Canadian fund business.
President and Chief Investment Officer, CI Global Asset Management
CI Global Asset Management
Heads CI's Canadian asset management subsidiary and its investment platform; led the Invesco Canada fund integration, which he framed as building on six years of modernizing CI GAM.
Chief Human Resources Officer
Executive
CI's head of HR, quoted on the firm's 2026 Greater Toronto Top Employers recognition and its training, rewards and career development programs.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Aug 12, 2025
William Butt, Brigette Chang, Paul J. Perrow and Sarah WardDeparture
CI Financial Corp. (board of directors) → —
Four directors resigned at closing of the take-private and were replaced by Mubadala-linked nominees Samuel Merksamer, Murat Konuk and Glyn Barker; William Holland and Kurt MacAlpine stayed on the board.
Jan 13, 2026
Management agreements for Invesco Canada's mutual funds and ETFs (about C$27 billion AUM)
Acquirer · Asset management
Buyer CI Global Asset Management · Seller Invesco Ltd.
CI GAM became manager of 98 Invesco Canada funds, lifting its AUM to about C$175 billion; Invesco affiliates continue to sub-advise 61 funds (about C$13 billion). Jefferies advised CI GAM; price not disclosed.
Nov 25, 2024
CI Financial Corp.
Target · Asset and wealth management
Buyer Mubadala Capital · Seller CI Financial public shareholders
Mubadala Capital acquired all CI shares for C$32.00 cash each (other than rollover shares) by plan of arrangement, valuing equity at about C$4.7 billion and enterprise value at about C$12.1 billion (value shown). CI kept its Toronto headquarters, brands and management, and was delisted from the TSX. Announced November 25, 2024 at a 33% premium to the prior close.
Mar 31, 2022
Former Eaton Vance Investment Counsel division
Acquirer · Wealth Management
Buyer CI Financial Corp.
CI Financial agreed to acquire the former Eaton Vance Investment Counsel wealth management division, expanding its US wealth business in Boston.
Jan 11, 2022
Northwood Family Office Ltd.
Acquirer · Wealth Management
Buyer CI Financial Corp.
CI Financial agreed to acquire Northwood, a Toronto multi-family office managing about $2.2 billion of investment assets.
Aug 4, 2020
Balasa Dinverno Foltz LLC (BDF)
Acquirer · Wealth Management
Buyer CI Financial Corp.
CI Financial agreed to acquire full ownership of BDF, a Chicago-area registered investment advisor with US$4.5 billion in assets; terms were not disclosed.
Sep 8, 2017
BBS Securities Inc.
Acquirer · Financial Services (Brokerage Technology)
Buyer CI Financial Corp.
CI Financial agreed to acquire BBS Securities, a brokerage and financial technology services provider.
Deal closes June 1, 2026, adding about C$27 billion and 98 funds; 37 funds to be rebranded under CI.
CI GAM agrees to take over about C$26 billion of Invesco Canada funds and form a sub-advisory partnership.
CI prices a euro-denominated private notes offering as a private company.
Mubadala Capital completes its acquisition of CI effective August 12, 2025; management, brands and Toronto HQ unchanged.
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CI Financial · Jun 1, 2026 · cifinancial.com
CI Financial · Jan 13, 2026 · cifinancial.com
CI Financial · Dec 2, 2025 · cifinancial.com
CI Financial · Aug 13, 2025 · cifinancial.com
CI Financial · Aug 5, 2025 · cifinancial.com
CI Financial · Nov 25, 2024 · cifinancial.com
CI Financial via Business Wire (SEC 6-K) · Mar 31, 2022 · sec.gov
CI Financial via Business Wire (SEC 6-K) · Jan 11, 2022 · sec.gov
CI Financial Corp. via CNW · Aug 4, 2020 · newswire.ca
CI Financial Corp. via CNW · Sep 8, 2017 · newswire.ca
CI Financial · Date unavailable · cifinancial.com
CI Financial · Date unavailable · cifinancial.com
CI Financial · Date unavailable · cifinancial.com
CI Financial · Date unavailable · cifinancial.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Summer Analyst · Canada
Large managers hire students through the parent group's campus programme, which usually covers summer and both off-cycle terms. BSO has not confirmed a timetable for CI Financial on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Typical background
GuidanceA Big Six or boutique investment bank, a pension rotation, or asset management.
Large-cap platforms and global multi-strategy funds
Upper mid-market PE, infrastructure, the Maple 8 and large managers
CI Financial is hereMid-market PE, mid-sized managers, domestic hedge funds and smaller pensions
Small-cap private equity, boutique managers and early-stage VC
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