TORONTO, Aug. 22 /CNW/ - AIM Trimark Investments today announces a
transition of portfolio management responsibilities, following the impending
departure of Geoff MacDonald.
Effective today, Don Simpson assumes the primary portfolio management
responsibilities for the equity portion of Trimark Income Growth Fund, while
Rex Chong will continue to serve as lead manager on the fixed-income portion
of the Fund. Simpson has over 13 years of industry experience. Prior to
joining AIM Trimark in 2001, he worked with BayStreetDirect, the Ontario
Municipal Employees Retirement System (OMERS) and as a portfolio manager at
MCAP. Simpson has been lead manager on the highly successful Trimark
Diversified Income Class for nearly three years.
Clayton Zacharias assumes primary portfolio management responsibilities
for Trimark Canadian Endeavour Fund. Zacharias has over 13 years of financial
services experience and has worked closely with MacDonald for five years,
including as his co-manager since December 2005. Mark Uptigrove will join him
as a dedicated equity analyst on the Fund.
Rory Ronan assumes lead manager role of Trimark Diversified Income Class
and Trimark Monthly Income Private Pool. Simpson will continue as co-manager,
with further support by equity analyst Lauree Wheatley. The fixed-income team,
led by Rex Chong, will remain unchanged. In addition to being a co-manager on
these Funds for nearly three years, Ronan has been lead manager on Trimark
Canadian Resources Fund for over five years.
"Don, Clayton and Rory are three great examples, of many, that show how
we've successfully built our investment talent from within the Trimark
investment team," says Phil Taylor, Senior Managing Director and Head of
INVESCO PLC's North American retail business, including AIM Trimark. "We
expect a smooth transition for our investors and their advisors."
"Geoff MacDonald has been a talented investor and mentor of people at AIM
Trimark. While his presence and contribution will be missed, the Trimark
investment team has full confidence in the abilities and experience of these
lead managers," says Tye Bousada, lead portfolio manager of Trimark Fund.
AIM Trimark is one of Canada's largest investment management companies,
with approximately $50 billion(*) in assets under management. AIM Trimark has
become one of Canada's largest and most successful investment management firms
by adhering to proven investment disciplines that build and protect investors'
wealth and by putting investors' interests first. AIM Trimark is a subsidiary
of U.K.-based INVESCO PLC, a leading independent global investment manager
dedicated to helping people worldwide build their financial security. INVESCO
PLC has approximately $499 billion(*) in assets under management and is listed
on the London, New York and Toronto stock exchanges with the symbol "IVZ".
INVESCO PLC operates in 19 countries world-wide with over 5,000 employees.
(*)As at July 31, 2007
Commissions, trailing commissions, management fees and expenses may all
be associated with mutual fund investments. Mutual funds are not guaranteed,
their values change frequently and past performance may not be repeated.
Please read the simplified prospectus before investing. Copies are available
from your advisor or from AIM Trimark Investments.
For further information:
For further information: Aysha Mawani, Manager, Public Relations, (416)