Jim Thompson joins Mackenzie Cundill Investments as team lead

    Fund manager brings proven value-oriented investment experience

    TORONTO, Feb. 24 /CNW/ - Mackenzie Financial Corporation (Mackenzie
Investments) today announced the appointment of Jim Thompson to Senior
Vice-President, Team Lead and Portfolio Manager at its Mackenzie Cundill
Investment Management subsidiary.
    "Jim is an experienced researcher and talented investor, trained in the
deep value style. His investment experience and international exposure is a
tremendous addition to round out the investment team," said Peter Cundill,
founder of the Cundill organization. "Jim will be a strong leader. He has my
full support and that of each member of the investment team."
    "We are delighted to have the opportunity to add a leader with the
experience and background that Jim brings to the Cundill team," said Charles
R. Sims, President and CEO of Mackenzie Financial Corporation. "Jim has an
excellent value oriented pedigree from his tenure at Southeastern."
    Jim Thompson joined Southeastern Asset Management, Inc., ("Southeastern")
in 1996 and was made a partner the following year. In 2001 he transferred to
London, England to open a research office for Southeastern. He left the
organization in 2007 to return to the United States to start his own
investment firm.
    "I spent time sharing ideas and analysis on value investments with Jim
during his stay in London. I enjoyed his insights into equity markets, and
found his value investment focus to be identical to the Cundill approach,"
said James Morton, Portfolio Manager of the Mackenzie Cundill Recovery Fund
and Mackenzie Cundill Emerging Markets Value Class. "I am really pleased that
he has decided to take a senior role with the team and look forward to working
with him."
    Mr. Thompson previously was director of research for Wilmington Capital
Management and a partner with Salem Investment Counselors prior to joining
Southeastern. He holds a Bachelor of Science degree in business
administration, from the University of North Carolina, and an M.B.A. from the
University of Virginia. He also earned a Chartered Financial Analyst
designation in 1993.

    Mackenzie Investments: Mackenzie Investments was founded in 1967, and is
a leading investment management firm providing investment advisory and related
services. With $52.5 billion in assets under management as of January 31,
2009, 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 $97 billion in total
assets under management as of January 31, 2009.

For further information:

For further information: Catharine Marion or Jessica Davidson,
Environics Communications, (416) 969-2809, (416) 969-2735,
cmarion@environicspr.com, jdavidson@environicspr.com

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