CI Financial Corp.

DB:CF7 Stock Report

Market Cap: €3.0b

CI Financial Management

Management criteria checks 2/4

CI Financial's CEO is Kurt MacAlpine, appointed in Sep 2019, has a tenure of 5.17 years. total yearly compensation is CA$9.73M, comprised of 12.5% salary and 87.5% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth €10.59M. The average tenure of the management team and the board of directors is 3.5 years and 6 years respectively.

Key information

Kurt MacAlpine

Chief executive officer

CA$9.7m

Total compensation

CEO salary percentage12.5%
CEO tenure5.2yrs
CEO ownership0.4%
Management average tenure3.5yrs
Board average tenure6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kurt MacAlpine's remuneration changed compared to CI Financial's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$69m

Jun 30 2024n/an/a

-CA$54m

Mar 31 2024n/an/a

-CA$179m

Dec 31 2023CA$10mCA$1m

CA$5m

Sep 30 2023n/an/a

CA$59m

Jun 30 2023n/an/a

CA$86m

Mar 31 2023n/an/a

CA$192m

Dec 31 2022CA$7mCA$1m

CA$300m

Sep 30 2022n/an/a

CA$433m

Jun 30 2022n/an/a

CA$462m

Mar 31 2022n/an/a

CA$423m

Dec 31 2021CA$11mCA$1m

CA$409m

Sep 30 2021n/an/a

CA$391m

Jun 30 2021n/an/a

CA$477m

Mar 31 2021n/an/a

CA$480m

Dec 31 2020CA$6mCA$800k

CA$476m

Sep 30 2020n/an/a

CA$519m

Jun 30 2020n/an/a

CA$527m

Mar 31 2020n/an/a

CA$519m

Dec 31 2019CA$5mCA$267k

CA$538m

Compensation vs Market: Kurt's total compensation ($USD6.92M) is above average for companies of similar size in the German market ($USD1.92M).

Compensation vs Earnings: Kurt's compensation has increased whilst the company is unprofitable.

CEO

Kurt MacAlpine (42 yo)

5.2yrs

Tenure

CA$9,730,884

Compensation

Mr. Kurt MacAlpine is Chief Executive Officer of Corient Private Wealth LLC from March 2022. He serves as CEO & Director at CI Financial Corp. (formerly known as CI Financial Income Fund) since September 1...

Leadership Team

NamePositionTenureCompensationOwnership
Kurt MacAlpine
CEO & Director5.2yrsCA$9.73m0.35%
€ 10.6m
Amit Muni
Executive VP & CFO3.5yrsCA$2.28m0.048%
€ 1.4m
Marc-André Lewis
Executive VP1.8yrsCA$3.28m0.021%
€ 634.4k
Sean Etherington
EVP & Co-Head Canada Wealth2.8yrsCA$1.02m0.022%
€ 651.8k
Christopher Enright
EVP & Co-Head Canada Wealth2.7yrsCA$1.01m0.61%
€ 18.4m
Darie Urbanky
President6.2yrsCA$1.61m0.078%
€ 2.3m
Jason Weyeneth
Vice President of Investor Relations & Strategyno datano datano data
Edward Kelterborn
Executive VP & Chief Legal Officer5.8yrsCA$1.16m0.019%
€ 570.1k
Murray Oxby
Vice President of Communicationsno datano datano data
Julie Silcox
Executive VP & Chief Marketing Officerno dataCA$1.32m0.025%
€ 766.3k
Manisha Burman
Executive VP & Chief Human Resources Officer2.3yrsno data0.010%
€ 309.5k
Amarjit Anderson
Chief Risk Officer4yrsno datano data

3.5yrs

Average Tenure

Experienced Management: CF7's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kurt MacAlpine
CEO & Director5.2yrsCA$9.73m0.35%
€ 10.6m
William Holland
Independent Chairman & Lead Director30.8yrsCA$275.41k8.4%
€ 252.5m
Sarah Ward
Independent Director2.8yrsCA$190.33k0.018%
€ 529.5k
Paul Perrow
Independent Director6.4yrsCA$185.24k0.27%
€ 8.2m
William Butt
Independent Director5.7yrsCA$200.33k0.18%
€ 5.3m
Brigette Chang-Addorisio
Independent Director6.4yrsCA$185.24k0.33%
€ 10.0m

6.0yrs

Average Tenure

60yo

Average Age

Experienced Board: CF7's board of directors are considered experienced (6 years average tenure).