Damon Murchison takes IGM Financial CEO role, plus other industry moves

Damon Murchison stepped into his expanded roles as president and CEO of IGM Financial on July 1. He now leads the wealth and asset management firm, which oversees brands including Mackenzie Investments and Investors Group. His appointment was previously announced and takes effect immediately.

CIBC Private Wealth added an advisor team to its ranks. The team is expected to serve high-net-worth clients in Ontario. CIBC has been investing in its private banking division as competition for wealthy clients intensifies.

Ventum Financial brought on new advisors. The firm operates in capital markets and wealth management, with a focus on advisory services. BMO Global Asset Management also hired new talent. The moves come during a competitive period for wealth management talent in Canada.