GBC Asset Management Appoints Elizabeth B. Dawson as President and Director

    MONTREAL, June 18 /CNW/ - GBC Asset Management Inc. today announced the
appointment of Elizabeth B. Dawson as President and Director of the firm.
    Ms. Dawson joined GBC as Vice President in 2006. In her new role, she is
responsible for continuing to strengthen GBC's position as the leading
destination for the long-term growth investor and for supporting the firm's
priority on serving clients. She brings 15 years of financial services
experience to her position, most recently as Senior Vice President with a
major investment management company. Ms. Dawson is a CFA charter holder, a
graduate of Yale University and earned an MA from Johns Hopkins SAIS and an
    "The appointment of Libby Dawson is a continuation of almost 20 years of
focus on long-term growth investing and client service," said Jeffrey S.D.
Tory, Chairman of GBC Asset Management. "As President, she will support the
efforts of our dedicated portfolio managers and client service representatives
as they develop the firm's relationships with a select group of investors
looking for above average long-term returns."
    GBC Asset Management offers six investment portfolios. The GBC North
American Growth Fund, The GBC Canadian Growth Fund and The GBC International
Growth Fund invest primarily in the equity of high-growth companies run by
entrepreneurs who are substantial owners. All three equity funds have superior
long-term performance as at May 31, 2007. The firm also offers a balanced
fund, The GBC Growth and Income Fund, as well as The GBC Canadian Bond Fund
and The GBC Money Market Fund.

    About GBC

    Founded in 1988, GBC Asset Management Inc. is the private client division
of Pembroke Management Ltd. GBC has a mission to be the investment manager of
choice for growth-oriented long-term investors. To accomplish this, GBC is
committed to providing the highest level of client service and relies on its
portfolio management team's proven long-term performance, stability and
uniform approach to investment. With offices in Montreal and Toronto, GBC is
owned by its employees and by Pembroke, and has approximately $950 million in
assets under management. Further information is available at

For further information:

For further information: John Lute, (416) 929-5883, ext. 222; Mylène
Bélanger, (514) 289-8688, ext. 231

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