SEAMARK Asset Management Ltd. Transitions Responsibilities

    HALIFAX, Feb. 13 /CNW/ - SEAMARK Asset Management Ltd. today announced
that Angela Eaton has been appointed Chief Investment Officer. Eaton
previously served as SEAMARK's Head of Equities and will retain those
responsibilities in her new role. She has over twenty years of industry
    "Angela has been a key contributor to the turnaround in SEAMARK's
investment performance over the past year and a half," said Stuart R. Raftus,
President & CEO. "Her appointment to CIO recognizes her strong leadership,
research discipline and investment insight."
    Eaton takes over from Tom MacLaren, who will retire from SEAMARK in
August. MacLaren will work with Eaton over the next six months to ensure a
smooth transition of responsibilities.
    "Tom was instrumental in restructuring the investment team and instilling
new processes and rigour to drive the team's effectiveness," said Raftus.
"After almost 20 years at SEAMARK, we wish Tom and his family all the very
best in his retirement and this new phase of his life."
    In other internal moves, Brent Barrie has assumed the Chief Operating
Officer title while Donald Wishart continues in his role as Chief Financial
Officer and a member of the Executive Portfolio team, and Richard Fewell has
taken on the responsibilities of Chief Portfolio Manager.

    SEAMARK Asset Management Ltd. (TSX:SM) provides investment management
services across Canada to institutional clients, mutual funds, private
clients, and the managed portfolio advisory programs (wrap programs) of many
of Canada's leading investment dealers.
    %SEDAR: 00016315E

For further information:

For further information: Jill McKim, Corporate Secretary, SEAMARK Asset
Management Ltd., (902) 423-9367

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