Mackenzie Investments Shakeup
Mackenzie Investments, one of Canada’s largest asset managers, is undergoing a major shakeup under its new CEO, Barry Gould. The company has announced that it will be cutting jobs and restructuring its operations in order to become more efficient and competitive.
Background of Mackenzie Investments
Mackenzie Investments is a Canadian-based asset management firm that was founded in 1967. It is one of the largest asset managers in Canada, with over $140 billion in assets under management. The company offers a wide range of investment products, including mutual funds, exchange-traded funds, and portfolio management services.
New CEO Barry Gould
Barry Gould was appointed as the new CEO of Mackenzie Investments in April of 2023. Gould is a veteran of the financial services industry, having held senior positions at several major banks and asset management firms. He has a long track record of success in the industry, and is well-respected for his expertise and leadership.
Restructuring and Job Cuts
Gould has announced that Mackenzie Investments will be undergoing a major restructuring in order to become more efficient and competitive. As part of this restructuring, the company will be cutting jobs and streamlining its operations. The company has not yet revealed how many jobs will be cut, but it is expected to be in the hundreds.
Focus on Technology and Innovation
Gould has also stated that the company will be focusing on technology and innovation in order to remain competitive. This includes investing in new technologies, such as artificial intelligence and machine learning, as well as developing new products and services. The company is also looking to expand its presence in the digital space, with plans to launch a new online platform in the near future.
Reaction from Employees
The news of the job cuts and restructuring has been met with mixed reactions from employees. Some are concerned about the potential impact on their jobs, while others are optimistic about the potential for growth and innovation.
Outlook for Mackenzie Investments
It remains to be seen how the restructuring and job cuts will affect Mackenzie Investments in the long run. However, the company is confident that the changes will make it more competitive and efficient, and will ultimately benefit its customers. With Gould at the helm, Mackenzie Investments is well-positioned to remain a leader in the asset management industry.