Excel Funds Management Inc. announces the appointment of new senior portfolio manager

TORONTO, Oct. 13, 2015 /CNW/ - Bhim D. Asdhir, President and CEO of Excel Funds Management Inc. ("Excel Funds"), is pleased to announce the appointment of Greg Placidi as Senior Portfolio Manager at Excel Investment Counsel Inc. ("EIC"), a subsidiary of Excel Funds.

"I am delighted to welcome Mr. Placidi to the Excel family," says Mr. Asdhir. "I look forward to him making an invaluable contribution to the growth and performance of our funds."

Mr. Placidi is an accomplished investment professional with more than 25 years of global financial services experience. Most recently he was Chief Investment Officer and Portfolio Manager with Wyverstone Capital.

Previously, he was Senior Vice-President & Portfolio Manager with a major Canadian mutual fund company for 10 years where he was responsible for over $1 billion in North American, Global and EAFE growth and dividend portfolios.

At EIC, Mr. Placidi will act as co-manager of Excel Blue Chip Balanced Fund and the new Excel Billionaire Leaders Fund.

"I am excited to join the Excel team which focuses on managing innovative emerging market products, the fastest growing asset class. I am optimistic about meeting and exceeding the high expectations of EIC as well as its investors," says Mr. Placidi. 

About Excel Funds Management Inc.

The Manager is a multiple Lipper Award winner specializing in emerging markets. Founded in 1998 with the launch of the Excel India Fund, the largest and longest running India-focused fund in Canada, the Manager has been a Canadian leader in emerging market-focused mutual funds by offering a wide-range of innovative investment funds that capture new growth opportunities. Through its network of sub-advisors, the Manager has access to the knowledge base of over 500 local portfolio managers and 200 analysts around the world. Its on-the-ground sub-advisors and proprietary asset allocation model contribute to the firm being "The Authority in Emerging Markets" in Canada. For further information, please contact your financial advisor, call our investor relations line at 18888139813 or visit our website at www.excelfunds.com.

SOURCE Excel Funds Management Inc.

Image with caption: "Greg Placidi, Sr. Portfolio Manager (CNW Group/Excel Funds Management Inc.)". Image available at: http://photos.newswire.ca/images/download/20151013_C5679_PHOTO_EN_515356.jpg

For further information: Media Contact: Caroline Grimont, Vice President, Marketing, E-mail: caroline.grimont@excelfunds.com, Tel: 905-624-7744.

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