IGM Financial Inc. appoints co-CEOs

Winnipeg: -- May 16, 2005: The Board of Directors of IGM Financial Inc. announced today it has appointed Mr. Murray J. Taylor and Mr. Charles R. Sims Co-Presidents and Chief Executive Officers of the company. Mr. Taylor is President and Chief Executive Officer of Investors Group Inc. and Mr. Sims is President and Chief Executive Officer of Mackenzie Financial Corporation. They will replace Mr. R. Jeffrey Orr, who last week became President and Chief Executive Officer of Power Financial Corporation.

IGM Financial Inc. is one of Canada's premier personal financial services companies, and the country’s largest manager and distributor of mutual funds and other managed asset products. Its activities are carried out principally through Investors Group, Mackenzie Financial and Investment Planning Counsel. IGM Financial Inc. is a member of the Power Financial Corporation group of companies.

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