TORONTO, March 29 /CNW/ - Blake C. Goldring, Chairman and Chief Executive
Officer of AGF Management Limited is pleased to announce the appointment of
John F. Schucht, as a director of the AGF Trust Company Board, effective
Mr. Schucht has had a well-established career in the financial services
and the trust industry dating back to the 1960s. Following his retirement as
Chief Operating Officer at CT Financial Group of Companies in 1997, he
remained on the company's board as its vice chairman until the company was
acquired by Toronto Dominion Bank in 2000.
Since 2001, he has been serving on the board of Highstreet Asset
Management Inc., a London, Ontario investment counsel firm. In 2006, AGF
Management Limited acquired 80 per cent of Highstreet Partners Limited, which
wholly owns Highstreet Asset Management Inc. He also sits on the board of
Ellis Don Inc., having served as chairman since 1999, and chair of the Human
Resources Compensation Committee and as a member of its Audit Committee.
Mr. Schucht has also served as vice chair of the Robarts Research
Institute. Other community involvements include being campaign chairman for
one of the most successful fundraisers for London area hospitals in which he
helped to bring in more than $150 million.
"John brings great strength to our board as a seasoned executive with
many years of senior management and board experience in the financial and real
estate industries," said Mr. Goldring. "Having someone of John's calibre with
such a successful track record, business knowledge and commitment to the
community will be extremely beneficial."
"As the trust company continues its significant growth, John's
exceptional background in mortgage financing and retail banking will be a real
asset and further strengthen our board," added Mario Causarano, President and
Chief Operating Officer, AGF Trust Company.
AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world. 2007
marks AGF's 50th anniversary of providing Canadians with innovative investment
solutions across the wealth continuum. AGF's products and services include a
diversified family of more than 50 mutual funds, the evolutionary AGF Elements
portfolios, the Harmony asset management program, AGF Private Investment
Management, Institutional Account Services and AGF Trust GICs, loans and
mortgages. With approximately $52 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".
For further information:
For further information: Media Contact: Lucy Becker, Vice-President,
Communications, (416) 865-4284, Lucy.email@example.com; Analyst Contact: Adrian
Basaraba, Vice-President, Investor Relations, (416) 865-4203,