Mackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new chief executive officer Luke Gould, people familiar with the matter said.
The reductions at one of Canada’s largest mutual fund managers came in two rounds, according to the people, speaking on condition they not be identified because they aren’t authorized to discuss the matter. The first involved executives including Michael Schnitman, the head of alternative investments, and Michael Cooke, head of exchange-traded funds.
“After conducting a review, we have made changes to our organization over the last two months to simplify our leadership structure, position Mackenzie for continued growth and continue to provide investment excellence and strong client outcomes,” the firm said in an emailed statement to Bloomberg. The restructuring aims to reduce duplication and consolidate assets under fewer people, one of the people said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mackenzie Investments cuts jobs, including senior management, in shakeup by new CEOMackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new CEO Luke Gould. Read on.
Read more »
Mackenzie Investments cuts jobs, including senior management, in shakeup by new CEOMackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new CEO Luke Gould. Read on.
Read more »
Mackenzie Investments cuts jobs, including senior management, in shakeup by new CEOMackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new CEO Luke Gould. Read on.
Read more »
Nicola Coughlan Dishes On ‘Spicy’ ‘Bridgerton’ Season 3 Kissing Scene With Co-Star Luke Newton (Exclusive)Dear reader, season 3 of 'Bridgerton' is on its way, and it promises to be a spicy one. ET's Denny Directo spoke with the show's star, Nicola Coughlan, at Netflix's TUDUM! Global Fan Event in Brazil, about the upcoming season and her kiss with co-star Luke Newton. 'Terrifying,' Coughlan admitted when asked what it was like to shoot the…
Read more »
Nicola Coughlan Dishes On ‘Spicy’ ‘Bridgerton’ Season 3 Kissing Scene With Co-Star Luke NewtonDear reader, season 3 of 'Bridgerton' is on its way, and it promises to be a spicy one. ET's Denny Directo spoke with the show's star, Nicola Coughlan, at Netflix's TUDUM! Global Fan Event in Brazil, about the upcoming season and her kiss with co-star Luke Newton. 'Terrifying,' Coughlan admitted when asked what it was like to shoot the…
Read more »
Energy deals reboot ties between Indigenous people and corporate CanadaLarge investments in energy infrastructure projects by Indigenous communities are becoming commonplace in Canada.
Read more »