Norman Raschkowan to assume leadership of Mackenzie Maxxum Investment Team; Bill Procter retires after 41 years in the investment industry; Bob Tattersall Appointed Interim Chief Investment Officer of Mackenzie Financial Corporation
TORONTO, June 30 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today announced leadership succession for its Maxxum managed mutual funds.
Norman Raschkowan, Executive Vice President, will assume the role of Maxxum Team Lead and Portfolio Manager, effective July 2, 2010. With 30 years of investment experience managing core equity, bond and balanced portfolios, Norman brings a strong track record of generating returns for investors through astute stock selection and managing risk through sound portfolio construction.
"With Norman's appointment, we have selected an individual with leadership ability and significant investment experience to manage this important and growing investment team. With $6 billion in assets under management, the Maxxum family of mutual funds plays a significant role in many investor portfolios," said Charles R. Sims, President and Chief Executive Officer of Mackenzie Financial Corporation.
In addition to his role as Team Lead, Norman will continue as a spokesman for the company in the role of Chief North American Investment Strategist. Norman will also assume Portfolio Manager responsibilities of Mackenzie Maxxum Dividend Fund, Mackenzie Maxxum Dividend Growth Fund and Mackenzie Maxxum Monthly Income Fund.
"I look forward to working more directly with the experienced Maxxum team," said Raschkowan. "Managing money is something I really enjoy, and I believe strongly in the Maxxum philosophy of creating core income producing portfolios to help Canadians invest for their future needs."
Bill Procter, Senior Vice President and current head of the Maxxum investment team, retires today after a 41 year career in investment management. Since joining Mackenzie in 1994, Bill has led a team that shares a common investment philosophy of generating superior returns through research-driven stock selection. "I have enjoyed working with everyone on the Maxxum team and at Mackenzie over the last 16 years. I am confident that the team will continue to thrive and do what it does best - provide consistent long term investment returns to investors," said Bill Procter. "Maxxum is in capable hands with a strong investment team and a sound investment strategy," he added.
Bob Tattersall appointed Interim Chief Investment Officer of Mackenzie Financial Corporation
Bob Tattersall, MBA, CFA, has been appointed Interim Chief Investment Officer of Mackenzie Financial Corporation. An extremely well-regarded investment professional with an investment career spanning more than 39 years, Bob joined the organization in 2008 with the acquisition of Saxon Financial. Bob has developed solid relationships with our investment and sales teams and is a regular presenter to our retail and institutional clients. Bob is a guest lecturer on value investing at the University of Toronto and the University of Western Ontario and has written numerous articles on investing for professional journals.
Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $62.4 billion in assets under management as of May 31, 2010, Mackenzie Investments distributes its services through a diversified network of third-party financial advisors. Mackenzie Investments is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada's premier financial services companies with over $118 billion in total assets under management as of May 31, 2010.
SOURCE Mackenzie Financial Corporation
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