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IGM Financial Simplifies Organization to Accelerate Investment in Key Technology Capabilities to Strengthen Business

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WINNIPEG, MB, June 17, 2026 /CNW/ – IGM Financial Inc. (“IGM” or the “Company”) today announced a multi-year initiative to further simplify how the organization operates. This effort is designed to reduce complexity and costs. This, in turn, will free up capacity to increase investment in key AI capabilities — supporting IGM’s evolution as a technology-enabled business while continuing to prioritize its human-first, relationship-driven approach to serving clients, and strengthening the Company to support long-term growth.

IGM has been modernizing its operating model and its technology platforms over several years in response to changing client needs, technological advancements and industry dynamics. Today’s announcement represents the next step in that evolution.

“We are building an AI-enabled organization that enhances, not replaces, the trusted relationships at the core of our business,” said James O’Sullivan, President and CEO, IGM Financial. “While much is still evolving, we are encouraged by the opportunities AI is providing to elevate the advice experience, empower our advisors and employees, and deliver even stronger outcomes for clients, while staying grounded in the personal connections that define our model.”

“As a result, we are taking deliberate steps to simplify how we operate so we can execute more effectively and deliver on our long-term strategy,” continued Mr. O’Sullivan. “This initiative creates greater capacity to invest in the capabilities that will define the future of wealth and asset management.”

To support these objectives, IGM has reviewed its organizational structure, operating model and cost base. The Company is taking a series of actions to improve efficiency, lower ongoing costs and create greater enterprise agility. These savings will be reinvested to expand IGM’s AI capabilities. This includes:

Further consolidation of team structures and streamlining workflows to drive efficiency and increase alignment with strategy.Upskilling its existing workforce and enhancing capabilities through targeted hiring in areas such as AI leadership, process redesign, data engineering, agent development and deployment, and governance.Advancing key technology, data and AI capabilities across the enterprise.

It is anticipated that this initiative will generate approximately $70 million in annualized savings by the end of 2028. This will be reinvested in AI capabilities, with a focus on people, processes and technologies to further strengthen the Company while allowing it to manage expense growth prudently. IGM is maintaining its operations, support and business development expense growth target of 4 per cent for 2026 relative to 2025. The Company expects to record a one-time charge of approximately $95 million or $70 million after-tax in Q2 related to these activities, including severance and the accelerated accounting recognition of certain incentive programs related to CEO transition.

Through this effort, IGM will scale its use of AI and other advanced technologies across its wealth and asset management businesses to enhance client outcomes, advisor productivity, and operational efficiency, while continuing to deliver personalized advice and service through strong, trust-based relationships.

This includes expanding tools and capabilities that support its IG Wealth Management advisors in areas such as meeting preparation, client interactions, and workflow efficiency, as well as enhancing investment processes and decision-making at Mackenzie Investments.

At the same time, IGM is strengthening its enterprise-wide capabilities by investing in workforce skills, including through training programs such as the IGM AI Academy, enhancing its AI technology foundation, and expanding targeted areas of expertise.

The Company will also continue advancing automation in areas such as contact centres and back-office operations, supported by strong governance, risk management, and data security practices.

ABOUT IGM FINANCIAL INC.

IGM Financial Inc. (“IGM”, TSX: IGM) is a leading Canadian diversified wealth and asset management organization with approximately $338 billion in total assets under management and advisement as of May 31, 2026. The company is committed to bettering the lives of Canadians by better planning and managing their money. To achieve this, IGM provides a broad range of financial planning and investment management services to help approximately two million Canadians meet their financial goals. IGM’s activities are carried out principally through IG Wealth Management and Mackenzie Investments and are complemented by strategic positions in wealth managers Rockefeller Capital Management and Wealthsimple and asset managers ChinaAMC and Northleaf Capital. These strengthen IGM’s capabilities, reach and diversification. IGM is a member of the Power Corporation group of companies. For more information, visit igmfinancial.com.

SOURCE IGM Financial Inc.

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ADVANCED PATHOLOGY SOLUTIONS, PLLC ANNOUNCES RESOLUTION OF DOJ INVESTIGATION

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NORTH LITTLE ROCK, Ark., June 17, 2026 /PRNewswire/ — Advanced Pathology Solutions, PLLC (“APS”) announced today that it conclusively resolved matters previously under review by the U.S. Department of Justice and related federal agencies.

The settlement concludes the government’s investigation into allegations concerning APS’s Lean Lab program, including matters relating to the technical components of laboratory services performed by its Lean Lab partners. The settlement is not an admission of liability by APS. APS denies any wrongdoing and is pleased the company will move forward with full confidence in its business operations.

“This resolution brings closure to a process that has spanned several years and allows us to remain focused on supporting physicians, serving patients, and advancing our laboratory services,” said Kevin Hannah, CEO of APS. “We appreciate the opportunity to move forward and continue delivering high-quality pathology services while maintaining a strong commitment to compliance and regulatory excellence.”

APS was cooperative throughout the government’s investigation and has invested substantial resources into strengthening its compliance infrastructure. The company will continue to evaluate and enhance its compliance program to ensure that both the government and its partners can have confidence in its operations and its commitment to operating with transparency, accountability, and adherence to all applicable federal healthcare program requirements.

The settlement provides finality regarding the matters addressed during the government’s investigation and allows APS to remain focused on serving physicians and patients nationwide.

“We are proud of the compliance-focused organization we have built and the improvements we have made throughout this process,” said Hannah. “Our team is excited to turn the page and focus on the future.”

About Advanced Pathology Solutions, PLLC

Advanced Pathology Solutions, PLLC is an anatomic pathology laboratory headquartered in North Little Rock, Arkansas. APS provides pathology services and laboratory solutions to physician practices and healthcare providers across the United States.

View original content to download multimedia:https://www.prnewswire.com/news-releases/advanced-pathology-solutions-pllc-announces-resolution-of-doj-investigation-302803614.html

SOURCE Advanced Pathology Solutions, PLLC

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Intellectible Closes $3 Million Seed Round to Scale AI Revenue Operations for Enterprise Service Providers

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Austin-based company helps ESPs turn the processes that made them successful into AI systems that can scale

AUSTIN, Texas, June 17, 2026 /PRNewswire/ — Intellectible, the AI-native revenue operations platform, today announced the close of a $3 million seed round led by Bread & Butter Ventures, with participation from Victorum Capital, Gray Ventures, Circadian Ventures, Allied VC, High Street Equity Partners, and angel investor Adam Burgoon.

“Enterprise service providers are some of the biggest, most important, and most under-automated companies in the economy,” said Jesse Lozano, CEO and Co-founder, citing an industry estimate of $2 trillion in annual federal, state, and education contract spending. “ESPs deliver critical services across government, healthcare, facilities, technology, infrastructure, education, defense, and other major markets, but many of their core revenue workflows still run on spreadsheets, inboxes, shared drives, manual research, and institutional knowledge trapped in people’s heads.”

The platform and team map how a company actually wins and executes work: its SOPs, documents, templates, pricing logic, CRM data, approvals, customer context, and decision-making patterns. Intellectible then turns those processes into configurable AI engines for capture, proposal development, pricing, estimation, knowledge management, and related workflows.

“The services industry is massive, deeply complex, and almost entirely underserved by software,” said Brett Brohl, Managing Partner of Bread & Butter Ventures. “Intellectible is not a model wrapper or a thin AI feature; it requires real systems engineering, workflow design, customer discovery, and implementation discipline. Jesse, along with co-founders Rosie and Reuben are exactly the team to build it.”

“For services firms, the non-linear scaling we’ve enabled means the same team can evaluate more opportunities, pursue more of the right work, respond faster, price with better context, and manage more complexity without adding headcount at the same rate,” Lozano added.

Intellectible already works with numerous ESPs and early results include a more than 300 percent increase in qualified top-of-funnel pipeline for one customer with a 95 percent reduction in associated admin work, and a more than 150 percent increase in qualified federal pipeline for Oceus, a 20-year-old enterprise wireless services provider.

HHS, a powerhouse in the support services industry with over 22,000 employees, is another Intellectible customer. “What Intellectible is building for us goes far beyond automation,” said HHS Head of Growth Derek Kissos. “They are helping us architect an intelligent operating system for growth – one that understands our business at a deep, structural level and turns that understanding into continuous action. For the first time, we can see how AI can operate alongside our teams capturing how we think, how we qualify, how we price, and how we execute, and then scaling those capabilities 24/7 across the entire enterprise.”

The new funding will accelerate product development, expand go-to-market across government contracting and enterprise services, and increase implementation capacity for larger customers.

View original content to download multimedia:https://www.prnewswire.com/news-releases/intellectible-closes-3-million-seed-round-to-scale-ai-revenue-operations-for-enterprise-service-providers-302803624.html

SOURCE Intellectible

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LUPINE CREST CAPITAL, FAMILY OFFICE OF JP CONTE, SIGNIFICANTLY INCREASES INVESTMENT IN BRAZILIAN WASTE-TO-ENERGY COMPANY ORIZON

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Lupine Crest invests an additional ~R$70M (~$14M USD) in Orizon

SÃO PAULO and ASPEN, Colo., June 17, 2026 /PRNewswire/ — Lupine Crest Capital, the family office of American businessman and private equity industry veteran Jean-Pierre “JP” Conte, has significantly increased its investment in Brazilian waste-to-energy company ORIZON VALORIZAÇÃO DE RESÍDUOS S.A. (Orizon). The investment, which is nearly R$70 million (approximately $14 million USD), more than doubles the firm’s initial investment.

The latest funding from Lupine Crest again comes alongside eB Capital, the Brazilian investment firm that anchored previous funding to Orizon through which Lupine Crest participated. eB Capital arranged this investment from Lupine Crest, reflecting increased confidence in both the company and the broader Brazilian waste management and waste-to-energy sectors.

“This latest investment underscores our belief that extraordinary opportunities lie ahead for Orizon and the Brazilian waste and energy sectors,” said Jean-Pierre Conte, founder and chief executive officer of Lupine Crest Capital. “We are confident in Orizon’s management team and the company’s strategy to expand its landfill footprint both organically and through acquisition, and look forward to continuing to support the company throughout their growth.”

With this investment, Lupine Crest’s total investment in Orizon rises to R$125 million (approximately $25 million USD).

About Lupine Crest Capital

Lupine Crest Capital is a family office and investment firm dedicated to transforming companies into industry leaders. Founded by private equity veteran and longtime investor Jean-Pierre Conte, Lupine Crest Capital harnesses over three decades of expertise to support investments across a variety of sectors, including healthcare, financial services, software, and industrial technology. To learn more about the firm, visit lupinecrest.com.

About eB Capital

eB Capital is a leading Brazilian investment firm, recognized for transforming Brazil’s structural challenges into profitable business opportunities. eB Capital’s DNA combines both investment and operational backgrounds, a key competitive advantage for high value creation and high returns. The company has a proven track record creating national market leaders through a buy and build strategy, and by leveraging its deep knowledge on Brazil. With consistent top quartile returns since its inception, eB Capital’s investments include: Orizon, the largest management company in Latin America; Alloha Fibra, the largest independent fiber optic provider in the country; Proz, the leading professional education platform; Loja do Mecânico, the largest e-commerce for tools and machines in Latin America; Green PCR and Global PET, forming the country’s largest bottle to bottle plastic recycling company; and Hilab and Blue Health, both in diagnostic medicine, among others. eB Capital is also a frontrunner in the country’s climate investment agenda.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lupine-crest-capital-family-office-of-jp-conte-significantly-increases-investment-in-brazilian-waste-to-energy-company-orizon-302803575.html

SOURCE Lupine Crest Capital

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