A search is now underway to replace AGF's Martin Hubbes and help lead the brokerage through an increasingly active market.
"I have had the very good fortune to spend my entire career at AGF," said Hubbes, the executive VP and CIO since 2005. " Working closely with Blake and the investment and executive teams has been extremely rewarding and the depth of talent within the firm will ensure AGF meets its goal of helping investors succeed."
News of his departure came early Tuesday in a release, also announcing AGF's search for a replacement, although Hubbes will continue in his role throughout the transition.
"Martin has embodied AGF's core values of integrity, client focus, professionalism, and teamwork," said Blake C. Goldring, chairman and CEO. "Working closely with his senior leadership team and AGF's executive, Martin has engaged the talent and built the structure required to ensure our investment management team has the tools and resources they need to succeed."
Hubbes joined AGF as an equity research analyst in 1992. He went on to become lead portfolio manager of AGF Canadian Stock Fund in 1996, a position he held until 2011. He was promoted to executive VP and Chief Investment Officer in 2011.
"I want to express my heartfelt thanks to my long-time colleague and wish him the best in the next chapter of his professional career." said Goldring.