IGM Financial Inc. announced that Damon Murchison has been appointed President of IGM Financial Inc., effective July 1, 2026, and will retain his role as President and CEO of IG Wealth Management. Mr. Murchison is a highly respected leader who has spent over 11 years with IGM, delivering significant impact with both IG and Mackenzie Investments. He has transformed and strengthened IG's competitive position, developing a multi-channel approach with a clear focus on the mass affluent and high-net-worth segments.
Mr. Murchison's appointment reflects his successful track record, and the strength of IGM's leadership team and commitment to culture, succession, and talent development. Prior to his joining IGM, Mr. Murchison held various senior leadership positions across the asset and wealth management industries. It is expected that the Board of IGM will appoint James O'Sullivan as Chair effective July 1, 2026 and that Mr. Murchison will stand for election to the Board of IGM at the annual meeting of shareholders.
Jeffrey Orr will also stand for re-election to IGM's Board and will serve as Chair of IGM until June 30, 2026. James O'Sullivan, the current President and CEO of IGM, has been appointed President and CEO of Power Corporation, succeeding Jeffrey Orr. During his tenure as President and CEO of IGM, Mr. O'Sullivan advanced IGM's strategy, client experience, financial performance, and culture.
He established a clear path to sustainable earnings growth, strengthened the strategic orientation across the two main pillars of wealth management and asset management, and championed strategic investments within each pillar.
