HORIZONS ETFs ANNOUNCES RETIREMENT OF STEVE HAWKINS

TORONTO, Nov. 22, 2022 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons"), a Mirae Asset company, announces that Steve Hawkins, President and Chief Executive Officer, has advised the Board of Directors that he intends to retire on November 22, 2022 after a successful 15-year career with Horizons, the last seven years as President and CEO. Steve Hawkins has agreed to assist in the transition and act as an advisor to the new President and CEO. 

The Board of Directors has appointed Jasmit Bhandal, Chief Operating Officer, as interim President and Chief Executive Officer commencing immediately and intends to engage in a global search for a permanent President and Chief Executive Officer.

The Board of Directors wants to thank Steve for his dedicated service and contribution over the past 15 years. Under his leadership, Horizons has assembled a strong team of executives who have led Horizons to remarkable growth and profitability through strong customer focus. Because of Steve's leadership, Horizons is in the enviable position of having seasoned executives in key roles, as well as a dedicated workforce, and is positioned well for the future.

About Horizons ETFs Management (Canada) Inc. (www.HorizonsETFs.com)
Horizons ETFs Management (Canada) Inc. is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Horizons ETFs product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Horizons ETFs has more than $21 billion of assets under management and 107 ETFs listed on major Canadian stock exchanges.

Commissions, management fees and expenses all may be associated with an investment in exchange traded products (the "Horizons Exchange Traded Products") managed by Horizons ETFs Management (Canada) Inc. The Horizons Exchange Traded Products are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important detailed information about the Horizons Exchange Traded Products. Please read the relevant prospectus before investing.

Certain statements may constitute a forward-looking statement, including those identified by the expression "expect" and similar expressions (including grammatical variations thereof). The forward-looking statements are not historical facts but reflect the author's current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking statements. These forward-looking statements are made as of the date hereof and the authors do not undertake to update any forward-looking statement that is contained herein, whether as a result of new information, future events or otherwise, unless required by applicable law.

SOURCE Horizons ETFs Management (Canada) Inc.

For investor inquiries: Contact Horizons ETFs at 1-866-641-5739 (toll-free) or [phone], [email protected]; For media inquiries: Mark Noble, Executive Vice President, ETF Strategy, Horizons ETFs Management (Canada) Inc., [phone], [email protected]