George Morgan joins Mackenzie Cundill investment team

    Fund manager brings proven value-oriented investment approach

    TORONTO, Jan. 12 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced the appointment of George Morgan to Senior
Vice-President and Portfolio Manager at its Mackenzie Cundill Investment
Management subsidiary.
    Mr. Morgan will manage the Mackenzie Cundill American Class and provide
research coverage for North American equities and the global energy sector.
    "George is an extremely tenured and talented investor; his leadership is
a tremendous addition to the team," says Peter Cundill, founder of the Cundill
    "We are always looking for opportunities to add to the strength of our
investment management teams," says Charles R. Sims, President and CEO of
Mackenzie Financial Corporation. "George is an experienced global value
investor who brings many years of investment success to the Cundill team and
who has had a relationship with the team, having been a member of the Cundill
Investment Advisory Committee for the last two years."
    George Morgan was a senior officer and portfolio manager at Franklin
Templeton Investments Corp. in Toronto from 1995 to 2000. In January 2001 he
transferred to Nassau, Bahamas and was named the lead portfolio manager of the
Templeton Growth Fund, Ltd., one of the best-known global equity funds in
Canada. He managed the fund until he left the organization in October 2006.
    Prior to joining the Templeton organization, Mr. Morgan was a senior
analyst and co-portfolio manager for Sun Life Investment Management. He holds
both a Bachelor of Science and a Master of Science degree in Engineering as
well as an MBA. He is also a Chartered Financial Analyst charterholder and a
member of the Calgary Society of Financial Analysts.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $54.7 billion in assets under management as of December 31,
2008, Mackenzie Investments distributes its services through a diversified
network of third-party financial advisors. Mackenzie Investments is a member
of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one
of Canada's premier financial services companies with $101 billion in total
assets under management as of December 31, 2008.

For further information:

For further information: Catharine Marion, Environics Communications,
(416) 969-2809,

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