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R. Bruce Murray, CFA

CEO and CIO

Mr. Bruce Murray, The Murray Wealth Group’s (MWG) CEO and CIO, brings a wealth of experience from his 40 years in the institutional money management business. Prior to launching MWG in 2015, Bruce spent 25 years at McLean Budden as an Executive Vice President and Managing Director. He was one of the key Portfolio Managers of the Canadian Equity Growth Fund, one of the largest equity portfolios in Canada at the time, the American Equity Fund, the International Equity Fund and the Global Equity Growth Fund. As a Portfolio Manager on the American Equity, he enjoyed one of the best track records in the industry, growing the portfolio to over $5 billion. In total, Bruce helped to grow McLean Budden’s equity portfolios to around $30 billion in assets under management from 1990 until its sale to MFS Investment Management in 2011. Bruce also ran portfolios for high net worth individuals, in which MWG will specialize.

Brendan Woods Top Gun 2012 Globe and Mail – Canada’s Top 50 Money Managers

Prior to McLean Budden, Bruce was Vice President and Equity Analyst at Nesbitt Thomson from 1985 to 1990 where he achieved top rank as a Special Situations Analyst in the Brendan Wood International Survey of institutional investors.

Bruce started his investment career in 1976 at Crown life Insurance Company in Toronto as an International Economist and Financial Services Analyst and was Manager Canadian Equities when he left in 1985 to join Nesbitt Thomson.

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Jamie Murray, CFA

President

Mr. Jamie Murray, has a decade of experience and a broad background in financial and strategic analysis with specific experience in financial analysis and valuation. Prior to joining MWG in 2017, Jamie worked in Winnipeg at Investors Group as Manager, Strategic Analytics, supporting the executive team with product implementation, regulatory navigation and corporate profitability.

Jamie was also employed by Desjardins Capital Markets as a Research Analyst and helped build the firm’s expansion in Calgary covering the Oil & Gas Services Sector. Before moving to Calgary, Jamie worked in Toronto on Desjardins Capital Markets, Sales & Trading floor as a “desk” analyst, supporting the sales team by developing investment themes and trade ideas.

Jamie has also worked as a Compensation Analyst in Calgary with an independent boutique firm, assisting firms in the oil & gas and mining sectors with implementing best practices in executive compensation.

Jamie started his investment career in 2007 at Dundee Capital Markets in Calgary as a Research Associate in the Oil and Gas Sector after graduating from The Richard Ivey School of Business. He received his Chartered Financial Analyst designation in 2011.

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Michael Hakes, CFA, MBA

Senior Portfolio Manager

Mr. Michael Hakes joined The Murray Wealth Group as Senior Portfolio Manager in 2018. Michael has over 30 years of global equity portfolio management and analyst experience. Prior to MWG he was with several well known investment managers;  British Columbia Investment  Management Corp (BCI), McLean Budden and Altamira Management.

At BCI, Michael was a Senior Portfolio Manager working on their Global Thematic Team. He actively managed a concentrated global equity portfolio and was active in mentoring analysts and co-op students. While at McLean Budden, Michael was a VP and Portfolio Manager of global equities. He was a co-manager on the Global Growth Equity Fund and leader of global consumer sector research for the firm. At Altamira Management he was an AVP and PM, Equities. He managed a Global consumer focused sector fund and  co-managed a Mid Cap U.S Equity Fund.

Michael graduated with a BA in Economics from The University of Western Ontario in 1987 and an MBA from the University of Bath, School of Management in 1991. He received his CFA in 1999. Michael and his family currently live in Toronto.

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Mostafa Ali

Chief Compliance Officer

Mostafa Ali joined the firm in January 2017, and serves as the Chief Compliance Officer at Murray Wealth Group (MWG). In this capacity, Mostafa is instrumental in enhancing the firm’s operational performance by streamlining processes and leveraging new technology. He closely monitors regulatory changes and evolving industry expectations, ensuring that these developments are effectively incorporated into MWG’s policies and procedures.

Mostafa’s primary responsibilities include advising and training staff on business ethics and compliance matters, fostering a culture of integrity and adherence to regulatory standards throughout the organization.

Mostafa holds a BA with Honours from Middlesex University in London, England. His extensive experience and commitment to compliance and ethics play a crucial role in maintaining MWG’s high standards of operational excellence.

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Scarlett Song

Client Relations Associate

Scarlett Song joined The Murray Wealth Group in June 2024 as a Client Relations Associate, bringing extensive experience in high-value client engagement and financial operations. She plays a pivotal role with client relations, liaising with operations staff, custodians, and external partners to streamline account processes and uphold regulatory compliance. She contributes to marketing initiatives, oversees event coordination, and distributes quarterly statements and tax reporting packages. Her commitment to client satisfaction and efficiency is demonstrated in her ability to resolve ad-hoc client requests and coordinate office operations effectively.

With a background in finance and a Bachelor of Science in Accounting and Finance from the University of London, Scarlett has a proven track record of driving business growth and operational excellence. Her professional journey also includes leadership roles at Inheritance Asset Management, Gold Elephant Limited and SAIC HK International Finance Ltd, where she excelled in client service, treasury management, and digital marketing.

Scarlett is a member of the Hong Kong-Canada Business Association and the Hong Kong Securities and Investment Institute. She is known for her meticulous attention to detail, organizational skills, and expertise in mutual funds, securities, and CRM systems.

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Elaine Li

Portfolio Analyst

Ms. Li joined The Murray Wealth Group in April 2024 and currently serves as a Portfolio Analyst. In her role as Portfolio Analyst, Elaine supports portfolio management by overseeing cash flows, rebalancing, and monitoring performance. She also supports portfolio managers through research on securities, analyzing business models, and updating price targets.

Elaine holds a Master of Science in Operations Research from Columbia University and a Bachelor of Commerce with High Distinction from the University of Toronto, where she specialized in Finance. Elaine is skilled in advanced financial modeling, data analysis, and portfolio optimization techniques to provide actionable insights.

Elaine’s dedication to professional growth is evident in her pursuit of the CFA designation.

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