IGM Financial's CEO is Damon Murchison, appointed in May 2026, has a tenure of less than a year. total yearly compensation is CA$6.59M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.004% of the company’s shares, worth $548.36K. The average tenure of the management team and the board of directors is 4 years and 11.1 years respectively.
Key information
Damon Murchison
Chief executive officer
CA$6.6m
Total compensation
CEO salary percentage
15.18%
CEO tenure
less than a year
CEO ownership
0.004%
Management average tenure
4yrs
Board average tenure
11.1yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Damon Murchison's remuneration changed compared to IGM Financial's earnings?
Date
Total Compensation
Salary
Company Earnings
Mar 31 2026
n/a
n/a
CA$1b
Dec 31 2025
CA$7m
CA$1m
CA$1b
Sep 30 2025
n/a
n/a
CA$1b
Jun 30 2025
n/a
n/a
CA$974m
Mar 31 2025
n/a
n/a
CA$944m
Dec 31 2024
CA$6m
CA$1m
CA$934m
Sep 30 2024
n/a
n/a
CA$879m
Jun 30 2024
n/a
n/a
CA$851m
Mar 31 2024
n/a
n/a
CA$771m
Dec 31 2023
CA$5m
CA$850k
CA$926m
Sep 30 2023
n/a
n/a
CA$947m
Jun 30 2023
n/a
n/a
CA$951m
Mar 31 2023
n/a
n/a
CA$1b
Dec 31 2022
CA$5m
CA$800k
CA$856m
Sep 30 2022
n/a
n/a
CA$903m
Jun 30 2022
n/a
n/a
CA$959m
Mar 31 2022
n/a
n/a
CA$992m
Dec 31 2021
CA$4m
CA$800k
CA$979m
Sep 30 2021
n/a
n/a
CA$939m
Jun 30 2021
n/a
n/a
CA$860m
Mar 31 2021
n/a
n/a
CA$806m
Dec 31 2020
CA$3m
CA$573k
CA$764m
Sep 30 2020
n/a
n/a
CA$727m
Jun 30 2020
n/a
n/a
CA$739m
Mar 31 2020
n/a
n/a
CA$740m
Dec 31 2019
CA$2m
CA$450k
CA$747m
Compensation vs Market: Damon's total compensation ($USD4.67M) is below average for companies of similar size in the US market ($USD14.67M).
Compensation vs Earnings: Damon's compensation has been consistent with company performance over the past year.
CEO
Damon Murchison
less than a year
Tenure
CA$6,588,177
Compensation
Mr. Damon Murchison is the President and Chief Executive Officer of IG Wealth Management at IGM Financial Inc. since September 14, 2020. He is its President and Chief Executive Officer at IGM Financial Inc...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Damon Murchison
President
less than a year
CA$6.59m
0.0040% $ 548.4k
Keith David Potter
Executive VP & CFO
4yrs
CA$1.98m
0.0049% $ 674.2k
Rhonda Goldberg
Executive VP & General Counsel
no data
CA$1.65m
0.0026% $ 356.9k
Luke Gould
President & CEO of Mackenzie Investments
4yrs
CA$4.67m
no data
Nancy McCuaig
Executive VP & COO
2.5yrs
no data
0.0013% $ 181.9k
Sam Burns
Executive VP & Chief Information Officer
2.5yrs
no data
0.0034% $ 469.1k
Douglas Gordon Milne
Executive VP & Chief Marketing Officer
no data
no data
0.00045% $ 61.5k
Cynthia Currie
Executive VP & Chief Human Resources Officer
7.8yrs
no data
no data
Kristin Ashcroft
Executive VP & Head of Product and Solutions
4.3yrs
no data
no data
Herpreet Lamba
Senior Vice President Financial Services
no data
no data
0.0059% $ 810.9k
Kelly Hepher
Executive VP & Chief Risk Officer
4.3yrs
no data
no data
Claude Paquin
President of IGM Quebec
no data
no data
no data
4.0yrs
Average Tenure
Experienced Management: IGIF.F's management team is considered experienced (4 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Damon Murchison
President
less than a year
CA$6.59m
0.0040% $ 548.4k
Marcel Coutu
Independent Corporate Director
12.2yrs
CA$205.00k
0.00039% $ 53.3k
Andre Desmarais
Independent Director
34.3yrs
CA$215.00k
no data
Paul Desmarais
Independent Director
42.8yrs
CA$200.00k
no data
James O'Sullivan
Chair
5.8yrs
CA$8.76m
0.022% $ 3.1m
Marc Bibeau
Independent Director
17.2yrs
CA$235.00k
no data
Robert Orr
Director
25.3yrs
CA$340.00k
0.052% $ 7.1m
Christopher Reynolds
Executive Chair of Investment Planning Counsel Inc.
5.5yrs
no data
no data
Elizabeth Wilson
Director
8.2yrs
CA$266.45k
no data
Claude Généreux
Independent Director
11.2yrs
CA$255.00k
0.0026% $ 354.2k
Sharon Hodgson
Independent Director
11.1yrs
CA$235.00k
no data
Jake Lawrence
Director
2.2yrs
CA$225.00k
no data
11.1yrs
Average Tenure
65.5yo
Average Age
Experienced Board: IGIF.F's board of directors are seasoned and experienced ( 11.1 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/07/25 21:39
End of Day Share Price
2026/07/23 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
IGM Financial Inc. is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.