William (Bill) Butt joins CI Financial Board of Directors

TORONTO, March 26, 2019 /CNW/ - CI Financial Corp. ("CI") (TSX: CIX) is pleased to announce the appointment of William (Bill) Butt, a leading strategic advisor in business, finance and investment, to its Board of Directors.

Mr. Butt spent many years with BMO Financial Group ("BMO"), most recently as Global Head of Investment and Corporate Banking, a role in which 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. He also served on BMO's Management and Performance Committees and BMO Capital Markets' Executive, Operating and Management Committees. Mr. Butt serves on the Board of Directors of OMERS and is Chairman of its Audit and Pension Committee and a member of its Investment Committee. He is a member of the Board of Directors of Xplornet Communications, where he is Chairman of its Human Resources and Governance Committee and a member of its Audit and Finance Committee.

"Bill is a recognized and accomplished leader in business, finance and investment strategy," said William T. Holland, Chairman of CI. "He is very knowledgeable about the asset management industry and has extensive experience serving on boards of directors. We are delighted to have someone of his stature and expertise on our board."

Mr. Butt is Chairman of the St. Michael's Hospital (Toronto) President's Council and a member of the St. Michael's Hospital Foundation Board of Directors. He is Co-Chairperson of the Children's Aid Foundation of Canada's $60 million 'Stand Up For Kids Campaign for Child Welfare' and a member of the Children's Aid Foundation's Board of Directors and Executive and Nominating Committees.

He holds a Bachelor of Commerce from the University of Windsor, an MBA from the Ivey Business School, and an ICD.D designation from the Institute of Corporate Directors. Mr. Butt also studied at the Rotterdam School of Management.

About CI Financial Corp.

CI Financial Corp. (TSX: CIX) is an independent Canadian company offering global asset management and wealth management advisory services. It has approximately $174 billion in fee-earning assets as of February 28, 2019. The firm's primary operating businesses are CI Investments Inc., Assante Wealth Management (Canada) Ltd., CI Private Counsel LP, Grant Samuel Funds Management Pty Ltd. of Australia, First Asset Investment Management Inc., and BBS Securities Inc. CI also holds majority stakes in WealthBar Financial Services Inc. and Marret Asset Management Inc. Further information is available at www.cifinancial.com.

SOURCE CI Financial Corp.

For further information: Murray Oxby, Vice-President, Communications, CI Investments Inc., [phone], [e-mail]

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