Mackenzie hires new SVP and PMs

Darren McKiernan is joining Mackenzie Financial Corporation Dec. 6 as senior vice president of investments.

He’ll also lead the Mackenzie Global Equity & Income team.

Read: Mackenzie, Invesco, BlackRock launch DIY funds

Mr. McKiernan, has 18 years of experience in retail and institutional investing, specializing in global equities as both a portfolio manager and investment analyst. Supporting him will be portfolio managers Eugene Profis and Ome Saidi, who have worked closely with him in the past and come to the company with significant industry experience.

Mr. Profis specializes in US equities and Mr. Saidi specializes in international equities. Read: Alain Bergeron to lead Mackenzie asset allocation team

Mr. McKiernan will join Hovig Moushian as co-lead on Mackenzie Canadian Large Cap Dividend Fund/Class and Mackenzie Canadian Large Cap Dividend & Growth Fund, and co-lead on the equity portion of Mackenzie Income Fund and Mackenzie Strategic Income Fund/Class (with Steve Locke remaining the lead on fixed income).

In light of the changes, portfolio managers Norman Raschkowan, Dinka Kucic and Joe Mastrolonardo, whose Mackenzie Large Cap Dividend team had been involved in managing many of the funds referenced above, are leaving the company.

The portion of Mackenzie Canadian Concentrated Equity Fund that had been managed by the Mackenzie Large Cap Dividend team will transition to the Mackenzie All Cap Value team.

Read: Mackenzie fund changes approved

Staff

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