William T. Holland, Chairman of the Board, CI Financial


Mr. Holland is the Chairman of the Board of the Corporation. He joined CI in 1989 and worked in progressively senior roles before being appointed Chief Executive Officer in 1999, a position he held for more than 10 years. Under his leadership, CI significantly expanded its product lineup, diversified its distribution and made a number of acquisitions that contributed strongly to the company’s growth and presence in the Canadian asset and wealth management industry. 

Mr. Holland has been a director of Holland Bloorview Kids Rehabilitation Hospital Foundation since 2006 and a director, member of the Governing Council and member of the of the Nomination and Governance committee of the Sunnybrook Foundation since 2018.

Mr. Holland is a director of Real Matters Inc., a technology company that provides services for the mortgage lending and insurance industries.

Mr. Holland has served as Chairman since 2017 and was Executive Chairman from 2010 to 2017. He has been a Director since 1994.

Mr. Holland has served as Chairman since 2017 and was Executive Chairman from 2010 to 2017. He has been a Director since 1994.

William (Bill) Butt, Director, CI Financial


Mr. Butt brings two decades of experience in managing a large and growing multinational financial services organization to the CI Board.

Most recently, he was Global Head of Investment and Corporate Banking for BMO Financial Group, one of the world’s largest banks.  In this role, he was responsible for BMO’s business with major corporations worldwide encompassing equity and debt financing, corporate lending, mergers and acquisition advisory services, merchant banking, trade finance and global treasury management.  His accomplishments included the expansion of BMO’s business in the United States and into Australia, China and India.

As one of BMO’s senior leaders, Mr. Butt sat on its Management Committee and its Capital Markets’ Executive, Operating and Management Committees.

He serves on the Board of Directors of OMERS, one of Canada’s largest pension plans, and chairs its Investment Committee and previously chaired its Audit & Pension Committee.  He is a former director of Xplornet Communications and chaired its Human Resources and Governance Committee.

Mr. Butt is Co-Chairperson of the Children’s Aid Foundation of Canada’s $75 million “Stand Up For Kids – Futures Transformed Campaign” and a member of the Children’s Aid Foundation’s Board of Directors and Executive Committee (2016-present). He previously served as Chairperson of the St. Michael’s Hospital (Toronto) President’s Council (2011-2021) and on the St. Michael’s Hospital Foundation Board of Directors.

He holds a Bachelor of Commerce degree from the University of Windsor, MBA from the Ivey Business School, ICD.D from the Institute of Corporate Directors, and studied at the Rotterdam School of Management. He is a past recipient of Canada's Top 40 Under 40 honours.

Mr. Butt has been a Director since 2019 and is Chair of the Audit and Risk Committee.

Brigette Chang-Addorisio, Director, CI Financial


Ms. Chang-Addorisio is President of the Raymond Chang Foundation, a charitable foundation established by the late G. Raymond Chang, one of the Corporation’s founders and its CEO from 1996 to 1999. She is Treasurer of G. Raymond Chang Ltd., a privately held investment holding company. From 1999 to 2003, she worked in Ernst & Young’s Audit and Business Advisory group.

Ms. Chang-Addorisio is a Director of two private companies, Mercatus Technologies Inc. and ColorAd Packaging.

She holds a Bachelor of Commerce from Queen’s University and a Bachelor of Education from the University of Toronto.

Ms. Chang-Addorisio has been a Director since 2018 and is a member of the Audit and Risk Committee.

Kurt MacAlpine, Chief Executive Officer and Director, CI Financial


Mr. MacAlpine was appointed Chief Executive Officer and Director of CI Financial in September 2019.

As CEO, he has introduced a new strategic direction for CI, more than doubling the firm’s assets under management and advisement. This strategy has included the establishment of a major private wealth business in the United States and the expansion of CI’s Canadian wealth management operations. Mr. MacAlpine also has overseen a revitalization of the firm’s asset management business, the rebranding of CI and its subsidiaries, and the listing of its shares on the New York Stock Exchange, among other initiatives.

Mr. MacAlpine brings extensive experience in the global asset and wealth management industry to CI. Previously, he was Executive Vice-President and Head of Global Distribution for WisdomTree Asset Management, a global asset manager and exchange-traded fund sponsor based in New York. He was responsible for all client-facing functions globally, including distribution, marketing, data intelligence and strategy, business development, and client solutions. He also oversaw the majority of the firm’s international businesses and was a member of the company’s global executive management committee.

Prior to joining WisdomTree, Mr. MacAlpine was a Partner and Leader of the North American Asset Management Practice at McKinsey & Company, a global management consulting firm, based in its New York office. He managed teams working with some of the largest asset and wealth managers in the world on topics related to strategy, distribution, marketing, international expansion, mergers and acquisitions, and product development.

Mr. MacAlpine holds a Bachelor of Commerce degree from Saint Mary’s University and an MBA from Queen’s University.

David P. Miller, Director, CI Financial


Mr. Miller is an accomplished leader and strategic advisor with more than three decades of legal experience in the telecommunications and media industries. He has expertise in mergers and acquisitions and a wide variety of commercial agreements.

Until December 2018, Mr. Miller was the Chief Legal and Corporate Affairs Officer and Secretary of Rogers Communications Inc., a leading Canadian telecommunications provider. He had been with Rogers for over 30 years in increasingly senior roles and has extensive experience in public and private financing and operating in a highly regulated industry. He currently acts as Special Advisor to the Chief Executive Officer of Rogers Communications Inc.

Mr. Miller has been a member of the Advisory Board of Atlantic Packaging Products Limited since 2012, where his roles have included Chair of the Advisory Board, Chair of the Governance Committee, and a member of the Audit Advisory Committee. He was also a Director of Maple Leaf Sports and Entertainment Partnership from 2017 to 2019 and served on the Audit Committee and Human Resources Committee.

Since 2018, Mr. Miller has been a Distinguished Fellow at the Ted Rogers School of Management at Ryerson University.

He holds a Bachelor of Civil Law and Bachelor of Common Law from McGill University.

Mr. Miller has been a Director since 2013 and is Chair of the Governance, Human Resources, and Compensation Committee.

Tom P. Muir, Director, CI Financial


Mr. Muir is the Lead Director of the Corporation. He has extensive and diverse experience in strategy, operations and finance, having served in C-suite roles at leading Canadian companies.

He was Co-Managing Director from 2007 to 2017 of Muir Detlefsen & Associates Limited, a company which worked in partnership with shareholders of public and private companies to develop and implement value-added strategic and operational plans for investee businesses. Mr. Muir’s prior operating positions include Executive Vice-President and Chief Financial Officer of Maple Leaf Foods Inc., a leading public Canadian consumer packaged foods company, and Co-Head of the Investment Banking Group and Member of the Executive Committee at RBC Dominion Securities Inc.

Mr. Muir is a Director and Chair of the Audit Committee of Merrco Payments Inc., a provider of secure payment solutions, and a Director and member of the Finance and Audit Committee of Brewers Retail Inc., which operates over 450 retail stores in Ontario under the name The Beer Store. He has served on the boards of many other public companies, including serving as Lead Director, Chair of Audit/Finance committees and on Governance and Human Resources committees.

Mr. Muir is a Fellow, Chartered Professional Accountant, a Fellow, Chartered Business Valuator, and a Life Member of the Institute of Chartered Business Valuators. He has a Bachelor of Commerce degree from the University of Toronto.

Mr. Muir has been a Director since 2011 and is a member of the Audit and Risk Committee and an ex officio member of the Governance, Human Resources, and Compensation Committee.

Sheila A. Murray, Director, CI Financial


Ms. Murray is the former President of CI Financial Corp., a position she held from 2016-2019.  Previously, she had been Executive Vice-President, General Counsel and Secretary since 2008, following a 25-year career at Blake, Cassels & Graydon LLP, where she practiced securities law with an emphasis on mergers and acquisitions, corporate finance and corporate reorganizations. Ms. Murray played a key role in directing the operations and setting corporate strategy for CI Financial Corp. and its operating companies, including CI Investments Inc. and Assante Wealth Management. Her role included leading CI’s mentoring program, which fosters the advancement of high-potential female employees.

Ms. Murray is past Chair of the Dean’s Council at Queen’s University Law School and has taught securities regulation and corporate finance for several years at Queen’s and at the University of Toronto in its Global Professional Master of Laws. She has been a director of a number of charitable institutions.

Ms. Murray is Chair of the board of Teck Resources Limited, Canada’s largest diversified resource company; a trustee of Granite Real Estate Investment Trust, a Canadian-based real estate investment trust engaged in the acquisition, development, ownership and management of logistics, warehouse and industrial properties in North America and Europe; a director of Granite REIT Inc., a unitholder along with Granite Real Estate Investment Trust in Granite REIT Holdings Limited Partnership; and a director of BCE Inc., the publicly traded Canadian holding company for the Bell Canada group of companies, which includes telecommunications providers and various mass media assets under its subsidiary Bell Media Inc.

Ms. Murray received her Bachelor of Commerce and Bachelor of Laws degrees from Queen’s University.

She has been a Director since 2018.

Paul J. Perrow, Director, CI Financial


Mr. Perrow has over 30 years of valuable leadership experience in the asset management industry. Mr. Perrow was Senior Vice-President, Director of Sales and Marketing with CI Investments Inc. until December 1996. From 1996 to 2013, he held a number of other senior industry positions, including: Managing Partner of Red Sky Capital, which offered investment funds to accredited investors; Co-Head and Managing Director of Merrill Lynch Investment Managers Canada; Co-Founder and President of Fairway Capital Management Corp. (Toronto); and President and Chief Executive Officer of BluMont Capital. He was also a Director of Integrated Asset Management Corp. when it was a public company.

Mr. Perrow is also Chair of the Investment Committee of Holland Bloorview Kids Rehabilitation Hospital Foundation.

Mr. Perrow is a Director of Euro Sun Mining Inc. (formerly Carpathian Gold Inc.), a Canadian-based development-stage mining company.

He has been a Director since 2018 and is a member of the Governance, Human Resources, and Compensation Committee.

Sarah M. Ward, Director, CI Financial


Ms. Ward is a globally recognized leader in business law with more than three decades of experience serving leading financial institutions and other large international firms.

She practiced law for more than 35 years at Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”), where she was a New York-based Partner in the firm’s Banking Group and co-chair of its Legal Opinion Oversight Committee. Ms. Ward’s practice focused on representing borrowers and lenders in acquisitions, leveraged financings and corporate restructurings. Her clients included a wide variety of public companies, private equity firms and financial institutions.

Ms. Ward’s experience at Skadden also included membership in its Policy Committee, the firm’s governing body, and serving as global co-head of the Banking Group from 2009-14. She also authored numerous articles related to her areas of practice and has lectured extensively on banking-related topics.

Ms. Ward holds a Doctor of Law degree from Fordham University School of Law and a Bachelor of Arts degree from Princeton University.

She has been a Director since 2022 and is a member of the Governance, Human Resources, and Compensation Committee.