The bank's creation is recommended by Dominic Barton while he is CEO of McKinsey. McKinsey strikes an advisory council and works for free to help the CIB set up. The CIB is stacked with McKinsey executives. In fact, McKinsey recommends which consultants CIB should hire. McKinsey receives what looks like five contracts—they say it's three, and there's a dispute about that—totalling $1.6 million. McKinsey informs the CIB about the $10-billion growth fund. Then McKinsey brags about the special knowledge it has of the CIB.
Why should Canadians believe that McKinsey is independent of the CIB?