Stephen Way, CFA - Veteran International Investment Leader Assumes Management of Emerging Markets Strategies
TORONTO, April 9, 2012 /CNW/ - AGF Management Limited (TSX: AGF.B) today announced that Patricia Perez-Coutts, Senior Vice-President and Portfolio Manager, will be leaving AGF effective May 2. Two other associates will also be leaving. Stephen Way, Senior Vice President and Portfolio Manager and an AGF veteran of 25 years, will be responsible for the Emerging Markets strategies.
"AGF has the depth of talent to make this a seamless transition," said Martin Hubbes, Executive Vice-President, Investments and Chief Investment Officer of AGF Investments Inc. "Stephen is a top-rated Morningstar manager and the architect of our world-class Global Core strategy. His leadership combined with our bench strength and disciplined investment process has delivered strong results and gives us enormous confidence for continued success."
Stephen Way will be supported by long-standing global team members, Alpha Ba, CFA and Thiery Jannini, CFA. Effective immediately, both have been promoted to Portfolio Manager, subject to usual regulatory requirements.
"The team will continue to draw on AGF's talented roster of professionals from around the world, including a number of leading managers and analysts who have an in-depth knowledge and understanding of the key sectors and companies in our portfolios. We are confident in our ability to maintain our strong long-term track record in this space. AGF remains focused on our clients in both our retail and institutional channels," Mr. Hubbes said.
Along with Stephen Way as lead manager, Alpha Ba will be co-managing the AGF Emerging Markets Fund, AGF Emerging Markets Class, AGF Emerging Markets Balanced Fund and AGF Emerging Markets Focused Fund. Thiery Jannini will be co-managing AGF Global Dividend Fund.
"We see considerable potential in expanding our international platform, which is already one of the broadest in Canada. Our goal is to build on the positive momentum we have seen in our investment management business, and this team will be a critical component to achieve it," said Mr. Hubbes.
AGF Investments is one of the largest independent Canadian-based investment management firms with operations and investments in Canada, the United States, the United Kingdom, Ireland and Asia.
About AGF Management Limited
AGF Management Limited is one of Canada's premier independent investment management firms with offices across Canada and subsidiaries around the world. AGF's products include a diversified family of award-winning mutual funds, mutual fund wrap programs and pooled funds. AGF also manages assets on behalf of institutional investors including pension plans, foundations and endowments as well as for private clients. In addition, AGF Trust is a complementary business that offers GICs, loans and mortgages through the financial advisor and mortgage broker channels. With approximately $47 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
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