AGF announces departure of Martin Hubbes

TORONTO, Dec. 17, 2013 /CNW/ - AGF Investments Inc. today announced that Martin Hubbes, Executive Vice-President and Chief Investment Officer, will be leaving the firm. A search for his replacement is underway and Mr. Hubbes will continue in his role throughout the transition.

"Martin has embodied AGF's core values of integrity, client focus, professionalism, and teamwork," said Blake C. Goldring, Chairman and Chief Executive Officer, AGF Management Limited. "Working closely with his senior leadership team and AGF's executive, Martin has engaged the talent and built the structure required to ensure our investment management team has the tools and resources they need to succeed. I want to express my heartfelt thanks to my long-time colleague and wish him the best in the next chapter of his professional career."

Mr. Hubbes joined AGF as an equity research analyst in 1992. He went on to become lead portfolio manager of AGF Canadian Stock Fund in 1996, a position he held until 2011. Mr. Hubbes has led AGF's investment group as Senior Vice-President and Chief Investment Officer since 2005 and was promoted to Executive Vice-President and Chief Investment Officer in 2011.

"I have had the very good fortune to spend my entire career at AGF. Working closely with Blake and the Investment and Executive teams has been extremely rewarding and the depth of talent within the firm will ensure AGF meets its goal of helping investors succeed," said Mr. Hubbes.

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. With over $34 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.

SOURCE AGF

For further information:

Media contact:
Peter Block
416-848-1431
pblock@national.ca

Shareholders and Analysts contact:
Robert J. Bogart
Executive Vice-President and Chief Financial Officer
416-865-4264, bob.bogart@agf.com

Adrian Basaraba
Senior Vice-President, Finance
416-865-4203, adrian.basaraba@agf.com