TORONTO, Sept. 19 /CNW/ - TD Asset Management Inc. (TDAM), the manager of
the TD Mutual Funds, TD Managed Assets Program Portfolios, TD Private Funds
and TD Emerald Funds fund families, announced today that each of the funds in
these fund families has established an independent review committee (IRC)
effective September 19, 2007.
The mandate of the IRC is to act as an impartial and independent
committee to review and, if appropriate, provide approval or recommendations
respecting any conflict of interest matters referred to it by TDAM.
The Committee consists of four independent members, whose terms range
from two to three years. The IRC members are as follows:
Paul Moore, IRC Chair
Paul Moore is counsel with Bennett Jones LLP. He recently completed a six
year term as Vice-Chair of the Ontario Securities Commission and for 34 years
prior to that was a senior partner at another major Toronto law firm. He has
extensive experience with investment funds, corporate governance, derivatives,
securities, financial institutions and administrative law.
R. Peter Gillin
R. Peter Gillin is Chairman & Chief Executive Officer, Tahera Diamond
Corporation, which operates the Jericho diamond mine in Nunavut and conducts
diamond exploration and development in Canada. He was previously President and
Chief Executive Officer of Zemex Corporation, an industrial minerals
corporation. Prior to 2002, Mr. Gillin served as Vice Chairman and Director of
N.M. Rothschild & Sons Canada Limited and as a Managing Director of Scotia
Capital. He is a Chartered Financial Analyst.
Warren Moysey is Chair of Aviva Canada Inc., the second largest property
and casualty insurance company in Canada. He was previously CEO of a large
Canadian mutual fund company, of Central Guaranty Trust Company and of Aetna
Life Insurance Company of Canada. The first 28 years of his career were with
Canadian Imperial Bank of Commerce, most recently as a director and one of the
four most senior executive officers of the bank.
Harold (Hap) S. Stephen
Hap Stephen is Chair and Chief Executive Officer of Stonecrest Capital
Inc. His previous assignments included Chairman of the Board of Repap
Enterprises Inc. and Executive Vice President and Chief Financial Officer
(CFO) of T. Eaton Company Limited. Mr. Stephen spent nearly 30 years of his
career with Ernst & Young in a number of senior positions, including President
of Ernst & Young Restructuring & Corporate Finance practice.
"We're pleased to have such a distinguished group lending their expertise
to our IRC," says Tim Pinnington, President, TD Mutual Funds. "The depth of
experience and breadth of knowledge they bring to the table will be a valuable
complement to our existing governance practices."
The IRC has been established in respect of each of the investment funds
managed by TDAM to which the National Instrument 81-107 applies, including TD
Mutual Funds, TD Managed Asset Program Portfolios, TD Private Funds, TD
Emerald Pooled Funds and TD Emerald Treasury Management Pooled Funds.
About TD Asset Management Inc.
TD Asset Management Inc. (TDAM), a member of the TD Bank Financial Group
and part of the TD Wealth Management group of companies, is one of Canada's
largest asset managers. TDAM is an investment management firm with leading
market positions in passive, quantitative and active portfolio management.
TDAM and its affiliates manage assets of approximately C$155 billion for
mutual funds, pension funds, corporations, institutions, endowments and
foundations, and high net worth individuals on behalf of domestic and global
clientele (as of June 30, 2007).
For further information:
For further information: Lisa Hodgins, (416) 983-2982,