Independent Review Committee for the Brandes Funds Appoints New Members: Edward J. Waitzer and Brian Gore

TORONTO, May 24, 2013 /CNW/ - Ed Waitzer, a senior partner of Stikeman Elliott LLP and a previous chair of the Ontario Securities Commission and Brian Gore, retired CEO and President of FundSERV, were appointed members by the Brandes Funds Independent Review Committee (IRC) effective May 1, 2013.

Ed and Brian join Nick Le Pan and Colum Bastable, both members since the Brandes Funds IRC was formed six years ago. Brandes wishes to thank Gerry Moloney who is stepping down as part of the planned rotation of IRC members.

"On behalf of Brandes, we extend our sincere thanks to Gerry for agreeing to be a member of the IRC and for his thoughtful insights and contributions over the last six years.  We are thrilled to welcome Ed and Brian to the Brandes Funds IRC ", said Carol Lynde, President & Chief Operating Officer of Brandes Investment Partners & Co., "We are very pleased that the committee is comprised of such experienced and esteemed members of the investment world."

Brandes Funds' IRC:
Nick Le Pan (Chair)
Colum Bastable
Brian Gore
Ed Waitzer

The role of the IRC is to review and provide its input on whether a manager is dealing with such conflicts effectively and in the best interests of the funds.

Biographies of the New Members of the Brandes Funds IRC

Edward J. Waitzer, Senior Partner, Stikeman Elliott LLP
Edward J. Waitzer joined Stikeman Elliott LLP in 1981 and his practice focuses on complex business transactions, acquisitions and restructurings, as well as advising in respect of various public policy and governance matters. Prior to joining Stikeman Elliott, Mr. Waitzer was vice-president of the Toronto Stock Exchange. He has also served as the Chair of the Ontario Securities Commission (1993 to 1996), and was the vice-chair of the Executive Committee of International Organization of Securities Commissions in 1993 and chaired its Technical Committee (1994 to 1996). During 2003-2004, Mr. Waitzer lived in Santiago and was the special advisor to the Chilean Superintendent of Insurance and Securities and is the president of the Canada-Chile Business Counsel. Mr. Waitzer has been the Falconbrige Professor of Law at Osgoode Hall Law School. Since 2008 he has been a professor, held the Jarislowsky Dimma Mooney Chair in Corporate Governance and is director of the Hennick Centre for Business and Law at Osgoode Hall Law School and the Schulich School of Business at York University.

Brian Gore, Former President & Chief Executive Officer, FundSERV Inc.
Mr. Gore has over 25 years of investment fund industry experience, with a focus on technology and administration. Mr. Gore recently retired as President and Chief Executive Officer from FundSERV Inc. where he worked since 2007. Mr. Gore began his career in the investment funds industry in 1987 when he joined AGF as a Senior Systems Analyst and was shortly thereafter promoted to Manager. In 1993, Mr. Gore accepted the role of Vice-President of Client and Dealer Services and in 1996 was appointed Senior Vice-President of Administration. In 2002, AGF created a subsidiary, Unisen, and Mr. Gore was appointed Executive Vice-President of Corporate Development. Citigroup acquired Unisen in 2005 and at that time he was named Director of Corporate Development. Mr. Gore has been a member of a number of Investment Fund Industries Committees.

About Brandes Investment Partners & Co.:
Brandes Investment Partners & Co. is the Toronto-based manager of the Brandes Funds and affiliate of Brandes Investment Partners, L.P., of San Diego, California (Brandes), which is a sub-advisor to certain Brandes Funds. Brandes is a leading global investment advisory firm, managing assets for institutional and private clients worldwide, including assets for Canadians in separate accounts, wrap, private client investors and through Brandes Canada's family of mutual funds.

SOURCE: Brandes Investment Partners & Co.

For further information:

Pascal Boisvert
Brandes Investment Partners & Co.
Phone: 416-306-5681

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Brandes Investment Partners & Co.

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