AGF to Appoint New Chief Financial Officer

Industry Veteran Robert J. Bogart to Join Executive Team

TORONTO , Jan. 19 /CNW/ - AGF Management Limited today announced the appointment of industry veteran Robert J. Bogart to the position of Senior Vice-President and Chief Financial Officer (CFO).

Mr. Bogart will succeed Greg Henderson , who will be leaving the firm to pursue other opportunities outside the industry in March 2010 . In the interim, Mr. Bogart will work with Mr. Henderson preparing to transition into the future role of CFO.

"We want to thank Greg for his significant contributions to the firm," said AGF Management Limited Chairman and Chief Executive Officer Blake C. Goldring. "During his tenure, Greg has been on the frontlines of AGF's growth and played an instrumental role in the AGF business divisions with his involvement in various acquisitions and divestitures. He leaves the firm in a solid financial position with a strong balance sheet. We wish him the very best and appreciate his assistance in ensuring a smooth transition."

Mr. Bogart is a seasoned, highly respected professional who joins AGF from Fidelity Investments, where for the past 17 years he has served as a senior finance executive for both its U.S. and Canadian operations. Mr. Bogart was CFO for the firm's Canadian operations from 1997 to 2002. His most recent role was that of Senior Vice-President of Finance, leading the Corporate Decision Support group in Boston .

"We are pleased to have someone of Bob's calibre join AGF. He has a wealth of knowledge and extensive experience in the industry in both Canada and the United States that spans nearly 30 years," said Mr. Goldring .

A graduate of the University of Massachusetts, Mr. Bogart began his career in 1983 and has held progressively senior tax and finance positions within the financial services industry. Prior to his employment in the investment management industry, he was a senior tax manager with a large public accounting firm where he achieved his Certified Public Accountant (CPA) designation.

"Bob has a successful track record of delivering results and will be a great complement to the strong, diverse and dynamic leadership team at AGF which is focused on helping investors succeed," added Mr. Goldring .

About AGF Management Limited

AGF Management Limited is one of Canada's premier investment solutions firms with offices across Canada and subsidiaries around the world. AGF's products and services include a diversified family of award-winning mutual funds, AGF Elements portfolios, the Harmony asset management program, services for institutional and private clients, as well as AGF Trust GICs, loans and mortgages. With approximately $45 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

For further information: Media, please contact: AGF Public Relations & Public Affairs: Lucy Becker, Vice-President, [phone], [email protected]; Karen Archer, Media Relations Manager, [phone], [email protected]; AGF Management Limited shareholders and analysts, please contact: Greg Henderson, CA, Senior Vice-President and Chief Financial Officer, [phone], [email protected]