Investeco Capital names Stephen Griggs as Chairman

    TORONTO, June 23 /CNW/ - Investeco Capital Corp. announced today that
Stephen Griggs has been appointed as Chairman of the Board and has joined as a
partner in the firm. Stephen will work closely with Investeco President,
Andrew Heintzman, and the other managing partners to expand the business and
ensure exceptional governance of the company and its investment funds. He will
also help to build Investeco's profile and relationships with Canadian and
global financial institutions, pension funds and other institutional and high
net worth investors. Michael de Pencier, the founding Chairman, will remain as
Co-founder and a Director of Investeco.
    Stephen joins Investeco with significant experience in the retail, high
net worth and institutional investment management industry. Most recently, he
was the President and CEO of Legg Mason Canada Inc., with responsibility for
the Canadian operations of Legg Mason, Inc., one of the world's top 5 global
investment management firms with assets under management of nearly
$1 trillion. He has also held senior executive positions at AIC Limited and
BPI Financial Corporation. Prior to the investment management business,
Stephen was a partner at Gowling Lafleur Henderson (formerly Smith Lyons)
practicing corporate and securities law.
    In addition to his duties at Investeco, Stephen has recently been
appointed as Executive Director of the Canadian Coalition for Good Governance
which represents over 45 of Canada's leading pension plans and investment
firms managing collectively over $1.4 trillion on behalf of Canadians.
    "I am thrilled that Stephen accepted this position at such a critical
time in our company's development. He brings a wealth of experience that will
add significantly to the growth prospects for our company and our funds," said
    "I am delighted to be part of the Investeco team," Stephen said. "The
combination of huge economic opportunities in environmental sectors, and
Investeco's unique position in the market and exceptional management team, was
very attractive to me. I am excited to be a part of building the company with
the Investeco partners."

    About Investeco Capital Corp.

    Investeco Capital Corp. is Canada's first investment company to be
exclusively focused on environmental sectors such as renewable energy,
sustainable agriculture, water, and clean technologies.

For further information:

For further information: Andrew Heintzman, President, Investeco Capital
Corp., (416) 304-1750, ext. 398,,

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