CI Financial appoints two new directors

TSX Symbol: CIX

TORONTO, Oct. 21, 2013 /CNW/ - CI Financial Corp. ("CI") is pleased to announce the appointment of Sonia Baxendale and David Miller to its Board of Directors.

Ms. Baxendale brings expertise in banking and wealth management to the CI Board. She was a senior executive at CIBC for almost 20 years and was most recently the President of Retail Banking and Wealth Management at that bank until 2011, where she was accountable for 80% of the bank's total revenue and profitability. The skills that Ms. Baxendale developed as a senior executive of a Canadian chartered bank will enhance the Board's oversight capability, particularly in the risk management, strategy and talent areas.

Mr. Miller is Senior Vice-President, General Counsel and Secretary of Rogers Communications Inc. He has been with Rogers for over 25 years in increasingly senior roles, and has extensive experience in acquisitions and public and private financing. Mr. Miller is also a highly regarded expert and speaker on the use and consequences of options.

"We are very pleased that Sonia and David have agreed to join our Board," said William T. Holland, Chairman of CI. "Each is a seasoned executive who will bring to the Board a wealth of experience. We are delighted to have two individuals of this stature and expertise joining CI's Board."

With this appointment, the CI Board will have 12 members, of which 10 are independent.

CI Financial Corp. (TSX: CIX) is an independent, Canadian-owned wealth management company with approximately $111 billion in assets as of September 30, 2013. CI offers a broad range of investment products and services, including an industry-leading selection of investment funds, and is on the Web at www.ci.com/cix.

SOURCE: CI Investments Inc.

For further information:


William T. Holland
Chairman
CI Financial Corp.
(416) 364-1145


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