AGF Appoints Loblaw Executive Sarah Davis, CA to Board of Directors

TORONTO, Jan. 14, 2014 /CNW/ - Blake C. Goldring, Chairman and Chief Executive Officer of AGF Management Limited., is pleased to announce the appointment of Sarah Davis, CA as a director of the AGF Management Limited Board.

Ms. Davis is currently the Chief Financial Officer of Loblaw Companies Ltd., Canada's largest food retailer, a position she has held since 2010. In this role, Sarah's responsibilities include finance, real estate and corporate strategy. She currently sits on the Board of Directors for President's Choice Bank. Previously, Ms. Davis held the position of Vice President and Controller for Rogers Communications Inc.

"Sarah brings over two decades of strategic and financial management experience at successful Canadian companies," said Blake C. Goldring. "She is an exceptional executive and one of the most influential women in corporate Canada. We look forward to benefiting from her broad capabilities and keen insights."

Ms. Davis has been honoured as one of Canada's Most Powerful Women: Top 100™ by the Women's Executive Network™ (WXN), an organization that she is also actively involved in as an external mentor. She is the executive sponsor and Chair of the Women@Loblaw network and is actively involved with the President's Choice Children's Charity, a foundation that provides assistance to children with special needs and supports childhood nutrition programs across Canada. "AGF is committed to diversity within our organization and we look forward to benefiting from Sarah's experience," Goldring added.

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 $35 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.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes' or negative versions thereof and similar expressions, or future or conditional verbs such as 'may,' 'will,' 'should,' 'would' and 'could.' Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, economic factors, business prospects, business performance and opportunities. While the company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect.  Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements due to, but not limited to, important risk factors such as level of assets under management, volume of sales and redemptions of investment products, performance of investment funds and of investment managers and advisors, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as interest and foreign-exchange rates, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, and the company's ability to complete strategic transactions and integrate acquisitions. The company cautions that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Forward-looking statements are given only as at the date of this release and other than specifically required by applicable laws, the company is under no obligation (and expressly disclaims any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise.  Additional risks and uncertainties can be found in our MD&A for the fiscal year ended November 30, 2012 under the headings "Caution Regarding Forward-Looking Statements" and "Risk Factors and Management of Risk" and in our other filings with Canadian securities regulatory authorities.

SOURCE: AGF

For further information:

MEDIA, PLEASE CONTACT:

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

Liana Krmpotic
Corporate Communications Specialist
416-865-4154, liana.krmpotic@agf.com


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