AGF Management Ltd. is overhauling its organizational structure to better reflect its core focus on investment management, the company said Monday.

The new structure integrates the retail (AGF Funds Inc.) and institutional/private client (AGF Asset Management Group) businesses under one banner: AGF Investments. AGF says the reorganization will create a more streamlined organization that will enable it to better meet the demands of investors, advisors and shareholders.

“We believe our more streamlined structure focusing on investments truly reflects our commitment to clients and excellence in money management,” says Blake Goldring, chairman and CEO, AGF Management Ltd. “It will allow us to better leverage our core investment management competency across all distribution channels in a cost-effective way as we work with all our clients to help investors succeed.”

Goldring also took the opportunity to thank Randy Ambrosie, president, AGF Funds Inc., who has decided to leave the firm. “We are deeply appreciative of the strategic and instrumental role Randy has played in our retail business,” says Blake. “His success in leading and building teams leaves a rich foundation of strong relationships, an award-winning product shelf and a culture of excellence that we will leverage into the future.”

Joining AGF Investments, which will be led by Blake Goldring, will be the head of national advisor sales Rose Cammareri, who is promoted to executive vp. Other members of the executive include executive vp Rob Badun, chief investment officer Martin Hubbes and CFO Greg Henderson. General counsel Judy Goldring is also promoted to executive vp and assumes the role of chief operating officer. AGF Trust continues to be led by Mario Causarano.

“This integration provides us with a strong, strategic and streamlined organization that enables us to better focus on our core business and strengthens our focus on asset growth among our retail, institutional and private client groups,” adds Goldring.

IE