Mackenzie Investments announces leadership appointment at its Mackenzie
Cundill investment division

TORONTO, Nov. 22 /CNW/ - Mackenzie Financial Corporation ("Mackenzie Investments") today announced that Andrew Massie and Lawrence Chin will lead its Cundill investment division.

Andrew Massie, Vice President Investment Management and Portfolio Manager, joined the Cundill organization in 1984. He will continue to manage Mackenzie Cundill Value Fund, which he has had portfolio management responsibilities for since 2004.

Lawrence Chin, Vice President Investment Management and Portfolio Manager, joined the Cundill team in 1999. He will continue to manage Mackenzie Cundill Canadian Security Fund, Mackenzie Cundill Canadian Balanced Fund, and co-manage Mackenzie Cundill American Class, Mackenzie Focus All-Canadian Class and Mackenzie Focus Canada Fund.

"Andy and Lawrence are respected portfolio managers with proven track records in investment research and portfolio management" said Robert Tattersall, CFA, Chief Investment Officer of Mackenzie Financial Corporation. "Between them they have over 35 years experience with our Cundill investment team."

Andy and Lawrence succeed Jim Thompson, who is returning to the United States to pursue another opportunity. "I have enjoyed working with the Cundill team and everyone at Mackenzie" said Jim Thompson, "and with my return home, I am pleased to be leaving the Cundill investment division in such capable hands."

The Cundill investment team employs a deep value contrarian approach to investing for retail and institutional investors.

Mackenzie Investments: Mackenzie Investments was founded in 1967, and is a leading investment management firm providing investment advisory and related services. With $65.7 billion in assets under management as of October 31, 2010, 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 over $124 billion in total assets under management as of October 31, 2010.

For further information:

Trish Tervit
Environics Communications Inc.
416-969-2809
[email protected]