Gluskin Sheff + Associates Inc. Announces Portfolio Manager Change

TORONTO, Oct. 10, 2017 /CNW/ - Gluskin Sheff + Associates Inc. (the "Company") announced today that Executive Vice-President & Portfolio Manager Jeannine LiChong has decided to pursue a new opportunity and will be leaving the Company at the end of December 2017.

"Gluskin Sheff has been my home for more than 21 years," said Ms. LiChong. "I have many fond memories and I want to thank my many friends and colleagues for the years of support and encouragement and wish them continued success."

Peter Mann, Executive Vice-President, Co-Chief Investment Officer & Head of Equities, will work with Ms. LiChong over the coming months to ensure a seamless transition of Gluskin Sheff's Canadian equity strategies. The investment objectives and all other attributes of these strategies remain unchanged.

"We thank Jeannine for her years of hard work and wish her well," said Jeff Moody, President & CEO. "With Jeannine staying in her current role until year-end, it is business as usual for us and our clients. We have every confidence that Peter Mann and our deep and talented investment team will be effective stewards of these strategies during this transition."

Gluskin Sheff + Associates Inc. is one of Canada's pre-eminent wealth management firms, serving high net worth private clients, estates, trusts and institutional investors. Founded in 1984, the Firm is dedicated to providing clients with strong risk-adjusted returns together with the highest level of personalized client service. The Company's Common Shares are listed on the Toronto Stock Exchange under the symbol "GS". For more information about the Company, please visit our website at www.gluskinsheff.com.

This press release may contain forward-looking statements relating to Gluskin Sheff + Associates Inc.'s business and the environment in which it operates. These statements are based on the Company's expectations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. These risks and uncertainties are discussed in the Company's regulatory filings available on the Company's website at www.gluskinsheff.com or at www.sedar.com. Actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. The Company undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances, except as required by applicable law.

SOURCE Gluskin Sheff + Associates Inc.

please contact: David Morris, Chief Financial Officer, [phone]

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www.gluskinsheff.com