CI Financial Corp.

OTCPK:CIXX.F Stock Report

Market Cap: US$3.1b

CI Financial Management

Management criteria checks 3/4

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 $11.10M. 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

CI financial reports November AUM at an all time high

Dec 22

CI Financial Non-GAAP EPS of C$0.7, revenue of C$513.6M

Nov 10

CI Financial's total assets slide to $245.2B in September vs. August

Oct 17

CI Financial goes ex dividend tomorrow

Sep 28

CI Financial assets totaled C$345.9B in August, down 0.8% from July

Sep 15

CI Financial Non-GAAP EPS of C$0.78, revenue of C$566.6M

Aug 11

CI Financial reports $333.7B in prelim June total assets

Jul 21

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 ($USD6.92M) is about average for companies of similar size in the US market ($USD6.54M).

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%
$ 11.1m
Amit Muni
Executive VP & CFO3.5yrsCA$2.28m0.048%
$ 1.5m
Marc-André Lewis
Executive VP1.8yrsCA$3.28m0.021%
$ 664.7k
Sean Etherington
EVP & Co-Head Canada Wealth2.8yrsCA$1.02m0.022%
$ 683.0k
Christopher Enright
EVP & Co-Head Canada Wealth2.7yrsCA$1.01m0.61%
$ 19.2m
Darie Urbanky
President6.2yrsCA$1.61m0.078%
$ 2.4m
Jason Weyeneth
Vice President of Investor Relations & Strategyno datano datano data
Edward Kelterborn
Executive VP & Chief Legal Officer5.8yrsCA$1.16m0.019%
$ 597.3k
Murray Oxby
Vice President of Communicationsno datano datano data
Julie Silcox
Executive VP & Chief Marketing Officerno dataCA$1.32m0.025%
$ 802.9k
Manisha Burman
Executive VP & Chief Human Resources Officer2.3yrsno data0.010%
$ 324.3k
Amarjit Anderson
Chief Risk Officer4yrsno datano data

3.5yrs

Average Tenure

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

Board Members

NamePositionTenureCompensationOwnership
Kurt MacAlpine
CEO & Director5.2yrsCA$9.73m0.35%
$ 11.1m
William Holland
Independent Chairman & Lead Director30.8yrsCA$275.41k8.4%
$ 264.6m
Sarah Ward
Independent Director2.8yrsCA$190.33k0.018%
$ 554.8k
Paul Perrow
Independent Director6.4yrsCA$185.24k0.27%
$ 8.5m
William Butt
Independent Director5.7yrsCA$200.33k0.18%
$ 5.6m
Brigette Chang-Addorisio
Independent Director6.4yrsCA$185.24k0.33%
$ 10.5m

6.0yrs

Average Tenure

60yo

Average Age

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