Managing $525 Billion by Rethinking Wealth Management | Kurt MacAlpine, Corient
Kurt MacAlpine explains how he transformed Canadian asset manager CI Financial into Corient, a global ultra-high-net-worth wealth manager overseeing $525 billion in client assets. He outlines how he replaced the industry's traditional, siloed broker model with a professional services partnership operating under a single P&L and unified compensation plan. MacAlpine also details his aggressive capital allocation strategy, enduring public market volatility, buying back undervalued shares, and taking the firm private with Mubadala Capital.
- Kurt MacAlpine grew Corient to $525 billion in client assets by pulling CI Financial off public exchanges with Mubadala Capital and killing the decentralized roll-up model. Read →
- Kurt MacAlpine transformed Canadian asset manager CI Financial into Corient, scaling it to oversee $525 billion in client assets. Read →
- Kurt MacAlpine took over CI Financial at age 39, recognizing that relying on Canadian mutual funds left the business vulnerable to industry headwinds. Read →
- Mubadala Capital reached out to Kurt MacAlpine with a clear warning: buying back undervalued public shares would eat up nine years of capital and slow corporate growth. Read →