AGF Appoints Kevin McCreadie as President and Chief Investment Officer

TORONTO, May 13, 2014 /CNW/ - AGF Management Limited today announced the appointment of Kevin McCreadie as President and Chief Investment Officer, AGF Investments Inc., effective June 17, 2014. In this role, he will provide direction and leadership to AGF's investment management teams and lead the firm's global institutional business. Mr. McCreadie brings more than 30 years of investment management experience to AGF, with extensive expertise in retail and institutional asset management, direct portfolio management and over a decade of experience as CIO for a major U.S. financial services firm.

"We're delighted to welcome Kevin to AGF.  His vast experience in investment management includes exposure to all major asset classes and a focus on generating returns within a solid risk framework," said Blake Goldring, Chairman and CEO, AGF Management Limited. "Kevin's investment acumen and solid leadership track record will continue to elevate our investment management capabilities and contribute to the growth of the organization," added Goldring.

Prior to joining AGF, Mr. McCreadie was President and CIO of PNC Capital Advisors, LLC, a division of PNC Financial Services Group, one of the largest U.S. diversified financial services organizations. While there, he was responsible for leading the firm's institutional effort and overseeing over $58 billion in AUM. Mr. McCreadie began his career in 1982 at J.P. Morgan where he held progressively senior positions, ultimately becoming a U.S. large cap equity manager. He went on to join Brown Investment Advisory where he was a Partner and Senior Portfolio Manager. His experience includes a focus on portfolio construction and enhancing investment processes as well as managing asset allocation and alternative strategies for clients. Mr. McCreadie holds the Chartered Financial Analyst designation and has an MBA in Finance from the Wharton Graduate School of Business.

"AGF's entrepreneurial spirit coupled with its global presence presented a compelling opportunity for me. I'm excited to join AGF and help the firm meet its commitment to delivering world class investment management. Together with the management team, I look forward to helping AGF grow its business globally and delivering exceptional investment performance over time," Mr. McCreadie said.

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 approximately $36 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

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Media, please contact:

Pamela Marchant
Vice-President, Marketing & Communications
pamela.marchant@agf.com
416-815-6205

AGF Management Limited shareholders and analysts, please contact:

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

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