AGF Management Ltd. today announced several executive moves to reflect the firm’s strategic priorities and continued emphasis on growth.

The board of directors announced that Warren Goldring, co-founder and chairman of the board will step down and assume the role of honorary chairman effective June 30. Also on that date, Blake Goldring, president and CEO of AGF Management Ltd., becomes chairman and CEO.

The board also announced the appointment of Winthrop Smith Jr. as lead director. As lead director, Smith will chair meetings of the independent directors and serve as a liaison with the chairman and CEO.

“On behalf of the board, I want to thank Warren for his excellent leadership and guidance since co-founding AGF in 1957. He truly is an innovator and is responsible for laying the foundation of success at AGF,” said Smith Jr., lead director, in a release.

“This move is the next step in AGF’s succession plan and is designed to continue moving the firm forward. Blake has the board’s full endorsement and we know he will continue to deliver value for shareholders in this new role.”

Effective June 1, Randy Ambrosie assumes the office of president, AGF Funds Inc., the investment management subsidiary of AGF Management Ltd. Ambrosie will lead the integrated senior management team at AGF Funds Inc. and will continue to report to Blake Goldring.

“As president, Randy is responsible for driving forward the AGF Funds Inc. business plan and ensuring we continually enhance our position as a premier investment management firm,” said Blake Goldring.

“Our focus at AGF Funds is on investment and service excellence and on making it easy for clients to do business with us,” said Ambrosie.

AGF Management Ltd. is an investment management company with approximately $39 billion in total assets under management, serving more than 1 million investors.