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AGF hires veteran broker executive

Staff

Mutual fund company AGF Management Ltd. bid yesterday to strengthen its ties to financial advisers by hiring veteran brokerage house executive Randy Ambrosie as its new head of sales and marketing.

Mr. Ambrosie was the North American head of sales at HSBC Securities, the investment dealer arm of the world's second-largest bank.

While AGF's advertising campaigns have made the company a well-known brand, growth in assets under management has been slow in the past four years.

"Under Randy's leadership, AGF's goal is to become the top choice among investment advisers," said Blake Goldring, AGF's chief executive officer.

A Grey Cup-winning lineman with three Canadian Football League teams, Mr. Ambrosie started his financial career in 1987 as a stockbroker -- he was still playing football at the time -- with what was then Nesbitt Thomson.

The Manitoba native then moved through the management ranks of Midland Walwyn Inc.

© 2007 The Globe and Mail. All rights reserved.

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