AGF Trust President Mario Causarano today announced the appointments of Maurice "Moe" Forget, AMP, as the Executive Vice-President of the firm's Mortgage Products and Services division, along with Tom Hickey, Vice-President of Mortgage Lending.

"We are pleased to have someone of Moe's calibre and industry expertise joining us to lead this important division within the company," said Mr. Causarano. "At AGF Trust, we've experienced tremendous growth and we recognize the importance of working with all our partners in the mortgage broker channel and financial advisor community. These appointments are part of our ongoing commitment to dedicating new resources to supporting our partners by developing products and services to meet the needs of their clients."

Mr. Forget is responsible for the management and ongoing development of the mortgage operations at AGF Trust Company, which currently represent almost half of the firm's total lending assets.

Mr. Forget is a 30-year veteran of the Canadian mortgage industry with a specialized expertise in non-prime mortgage origination. Prior to joining AGF Trust, he held the position of president and CEO of MoneyConnect Home Lending, a niche lender specializing in the origination of non-prime residential mortgages.

Prior to this, as president of its wholesale operations, Mr. Forget successfully launched Wells Fargo into the Canadian mortgage broker marketplace. In 1997, Mr. Forget helped pioneer the non-prime mortgage business in Canada by founding the Canadian operations of IMC Mortgage Corporation on behalf of its U.S. parent.

Mr. Forget is a strong mortgage broker advocate. He holds the accreditation of Accredited Mortgage Professional (AMP) and is a member of the Canadian Association of Accredited Mortgage Professionals, Independent Mortgage Brokers Association of Ontario, Mortgage Brokers Association of BC and Alberta Mortgage Brokers Association.

Mr. Hickey also has extensive experience in mortgage lending and has held the position of Vice-President, Operations at MoneyConnect Inc. for the past two years. Prior to that, he served as Director, Wholesale Credit Operations at Wells Fargo.

"Moe and Tom bring great strength to our firm with impressive track records of delivering results and strong client-centric focus," added Mr. Causarano. "As our industry changes and becomes more competitive, their leadership in strengthening relationships with mortgage brokers and spearheading new products and services for our clients will be instrumental in positioning AGF Trust for even further growth and success."


About AGF Trust
With approximately $4 billion in total assets, AGF Trust serves over 17,000 mortgage brokers, insurance agents and financial advisors with offices in Toronto, Montreal and Calgary. In addition to first and second mortgages, other AGF Trust products include RSP loans, investment loans, home-equity loans and GICs. AGF Trust is a subsidiary of AGF Management Limited.

About AGF Management Limited
AGF Management Limited is one of Canada's premier investment management companies with offices across Canada and subsidiaries around the world.  AGF's products and services include a diversified family of more than 50 mutual funds, the evolutionary AGF Elements portfolios, the Harmony asset management program, AGF Asset Management Group services for institutional and high-net-worth clients, as well as AGF Trust GICs, loans and mortgages. With approximately $52 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.


For more information, please contact AGF Corporate Communications:

Lucy Becker, Vice-President     
416-865-4284      
lucy.becker@agf.com    

Karen Archer, Media Relations Manager
416-865-4295
karen.archer@agf.com