Focus for Mackenzie’s new CEO is on ‘winning’ retail investment, partnerships, distribution

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Luke Gould talks about how he’s leading the firm through the current bear market and where the opportunities lie

of China Asset Management Co. Ltd. from our parent company [Power Corp.] that we didn’t own, bringing our stake to just under 30 per cent. That gives us capabilities we believe will provide us advantages over the long term. So, we’ve added a lot. Right now, we’re focused on realizing the potential of those offerings. We’re not seeing any clear and evident gaps at the moment.Since we acquired Northleaf, we’ve seen the assets [under management in that unit] grow from $15-billion to $23-billion.

ESG has long been a priority at Mackenzie and has gone more mainstream in recent years. There are now an overwhelming number of products on the market and growing concerns about greenwashing. How can firms like yours help advisors and investors sift through the noise?

 

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