Damon Murchison - IGM Financial President

IGIFF Stock  USD 25.91  0.46  1.81%   

President

Mr. Damon Murchison serves as Executive VicePresident, Head of Retail, Mackenzie Investments of the Company. He served as Senior Vice President, Head of Retail Distribution, Mackenzie Investments, a subsidiary of the IGM Financial Inc. from March 2013 to June 8, 2014 Mr. Murchison served as Senior VicePresident and Head of Sales, Retail Markets, Manulife Financial. and from July 2010 to February 2013 he was VicePresident and National Sales Manager, Manulife Investments Manulife Financial. since 2017.
Tenure 7 years
Phone204-943-0361
Webhttps://www.igmfinancial.com

IGM Financial Management Efficiency

The company has return on total asset (ROA) of 0.0458 % which means that it generated a profit of $0.0458 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.1367 %, meaning that it generated $0.1367 on every $100 dollars invested by stockholders. IGM Financial's management efficiency ratios could be used to measure how well IGM Financial manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 4.56 B in total debt with debt to equity ratio (D/E) of 0.38, which is about average as compared to similar companies. IGM Financial has a current ratio of 2.12, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist IGM Financial until it has trouble settling it off, either with new capital or with free cash flow. So, IGM Financial's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like IGM Financial sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for IGM to invest in growth at high rates of return. When we think about IGM Financial's use of debt, we should always consider it together with cash and equity.

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IGM Financial Inc. operates as a wealth and asset management company in Canada. IGM Financial Inc. is a subsidiary of Power Financial Corporation. Igm Financial is traded on OTC Exchange in the United States. IGM Financial [IGIFF] is a Pink Sheet which is traded through a dealer network over-the-counter (OTC).

Management Performance

IGM Financial Leadership Team

Elected by the shareholders, the IGM Financial's board of directors comprises two types of representatives: IGM Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IGM. The board's role is to monitor IGM Financial's management team and ensure that shareholders' interests are well served. IGM Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, IGM Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
Cynthia Currie, Ex Officer
Christopher Reynolds, Vice-Chairman and Presidentident and CEO - Investment Planning Counsel
Michael Schnitman, Senior Vice President Product Mackenzie Investments
Douglas Milne, Executive Vice President Chief Marketing and Strategy Officer
Sharon Hodgson, Independent Director
Brian Gooding, Executive Vice-President Head of Distribution, Mackenzie Investments
Murray Taylor, Co-CEO, Co-President, Director, Member of Executive Committee, Member of Investment Committee, CEO of Investors Group Inc and President of Investors Group Inc
Sharon MacLeod, Independent Director
David McCullum, Executive Vice-President Client Services Operations of Mackenzie Financial Corporation and Investors Group Inc.
Blaine Shewchuk, Senior Vice-President IGM Corporate Planning and Development, Investors Group
Renata Dennis, Senior Vice President - Distribution Services, Investors Group Inc.
Andre Desmarais, Independent Director
Sandi Promislow, Senior Vice-President - CIO, IGM Companies, Investors Group Inc.
Claude Genereux, Director
Jeffrey CFA, Advisor
Claude Paquin, President Investors Group Financial Services, Québec, Investors Group Financial Services Inc.
Rhonda Goldberg, Senior Vice President - Client and Regulatory Affairs
Gary Doer, Independent Director
Susan McVey, Senior Vice-President - Marketing of Mackenzie Investments
Paul Desmarais, Independent Director
John McCallum, Independent Director
David Faassen, Senior Vice-President Marketing, Mackenzie Investments
Jeffrey Orr, Independent Chairman of the Board
Marc Bibeau, Independent Director
Barry McInerney, President CEO of Mackenzie Investments
Daniel Johnson, Independent Director
Luke Gould, Senior Vice-President - Finance and CFO, Investors Group Inc. and Mackenzie Inc.
Christopher Boyle, Senior Vice-President Institutional Sales, Mackenzie Investments
Jeffrey Carney, Co-President CEO - USA, Director
Kevin Regan, CFO, Executive Vice President - Finance
John Wiltshire, Senior Vice-President - Marketing, Investors Group Inc.
Todd Asman, Senior Vice-President - Products and Financial Planning, Investors Group Inc.
Jeffrey Singer, Executive Vice-President and Chief Investment Officer, Investors Group Inc.
HenriPaul Rousseau, Independent Director
Allan Warren, Senior Vice-President Fund Services, Mackenzie Financial Corporation and Investors Group Inc.
Tony Elavia, Chief Investment Officer of Mackenzie Investments and Executive Vice-President of Mackenzie Investments
Gregory Tretiak, Director
Susan Doniz, Independent Director
Susan Sherk, Independent Director
Jacques Parisien, Independent Director
Keith Potter, Ex CFO
Peter Harder, Independent Director
Kristin Ashcroft, Ex Investments
Kathy Allan, Senior Vice-President - Human Resources, Mackenzie Financial Corporation and Investors Group Inc.
Susan McArthur, Independent Director
Michael Dibden, COO VP
Beth Wilson, Independent Director
James OSullivan, CEO Pres
Donald MacDonald, Senior Vice President General Counsel, Secretary
Marcel Coutu, Independent Director
Damon Murchison, Senior Vice President Head of Retail Distribution, Mackenzie Investments
Mark Kinzel, Executive Vice President - Financial Services of Investors Group Inc.
Charles McDevitt, Executive Vice President - Strategy Execution Office

IGM Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is IGM Financial a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IGM Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census.
Note that the IGM Financial information on this page should be used as a complementary analysis to other IGM Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running IGM Financial's price analysis, check to measure IGM Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IGM Financial is operating at the current time. Most of IGM Financial's value examination focuses on studying past and present price action to predict the probability of IGM Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IGM Financial's price. Additionally, you may evaluate how the addition of IGM Financial to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between IGM Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if IGM Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IGM Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.