AGF Management Limited Announces Changes to Corporate Structure

    Core Focus is AGF Investments

    TORONTO, April 27 /CNW/ - AGF Management Limited today announced a
realignment of its organizational structure to better reflect its core focus
on investment management.
    The new structure integrates the retail (AGF Funds Inc.) and
institutional/private client (AGF Asset Management Group) businesses under one
banner: AGF Investments. The reorganization will create a more streamlined
organization that will enable AGF to better meet the demands of investors,
advisors and shareholders.
    "We believe our more streamlined structure focusing on investments truly
reflects our commitment to clients and excellence in money management," said
Blake C. Goldring, Chairman and CEO, AGF Management Limited. "It will allow us
to better leverage our core investment management competency across all
distribution channels in a cost-effective way as we work with all our clients
to help investors succeed."
    Blake also took the opportunity to thank Randy Ambrosie, who has decided
to leave the firm. "We are deeply appreciative of the strategic and
instrumental role Randy has played in our retail business," said Blake. "His
success in leading and building teams leaves a rich foundation of strong
relationships, an award-winning product shelf and a culture of excellence that
we will leverage into the future." Over the past three years, AGF has twice
won the Advisors' Choice award at the Canadian Investment Awards.
    Joining AGF Investments, which will be led by Blake Goldring, will be the
head of National Advisor Sales Rose Cammareri, who is promoted to Executive
Vice-President. Other members of the Executive include Executive
Vice-President Rob Badun, Chief Investment Officer Martin Hubbes and Chief
Financial Officer Greg Henderson. General Counsel Judy Goldring is also
promoted to Executive Vice-President and assumes the role of Chief Operating
Officer. AGF Trust continues to be led by Mario Causarano.
    "This integration provides us with a strong, strategic and streamlined
organization that enables us to better focus on our core business and
strengthens our focus on asset growth among our retail, institutional and
private client groups," added Blake.

    About AGF Management Limited

    AGF Management Limited is one of Canada's premier investment management
companies with offices across Canada and subsidiaries around the world.  AGF's
products and services include a diversified family of award-winning mutual
funds, AGF Elements portfolios, the Harmony asset management program, services
for institutional and high-net-worth clients, as well as AGF Trust GICs, loans
and mortgages. With approximately $34.5 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, please contact: Lucy Becker,
Vice-President, Corporate Communications, (416) 865-4284,;
Analysts, please contact: Greg Henderson, CA, Senior Vice President and Chief
Financial Officer, (416) 865-4156,

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