Empire Life Dividend Growth Mutual Fund and certain series of all Empire Life mutual funds were closed to new purchases as of October 3, 2022. These funds were subsequently terminated on December 5, 2022. See the press release for further details.

Empire Life Investments Inc., today announced changes for members of the investment team.

Edward Gibson, Senior Vice President, Capital Management and Chief Actuary, Empire Life (EL), Patrick McGrath, Head of Fixed Income and Private Placements, and Paul Holba, Senior Vice President and Chief Investment Officer, Empire Life Investments Inc. (ELII) are pleased to announce the following promotions within the Empire Life investment team: Ian Fung, CFA, has been promoted to Senior Portfolio Manager, and Atul Sriram to Investment Analyst.

Ian joined ELII in 2021 as a Portfolio Manager on the fixed income team. He is a valuable member contributing to our success in his role as lead manager of the Empire Life Bond Fund GIF, participating in the management of our various asset allocation strategies, and providing valuable insight on economic events and interest rates. Prior to joining Empire Life he managed credit portfolios and traded securities for several Canadian independent wealth management firms. Ian is a CFA charterholder and holds a Bachelor of Arts, Economics from Queen’s University.

Atul joined ELII. in 2021 as an Investment Analyst and has been providing research on Canadian equities, mainly in support of the Empire Life Asset Allocation GIF, Empire Life Canadian Equity GIF, Empire Life Dividend Growth GIF, Empire Life Elite Equity GIR, and Empire Life Monthly Income GIF. Prior to joining Empire Life he served as an Equity Research Associate and as a Summer Research Analyst with a leading Canadian bank. Atul holds a Bachelor of Business Administration from Simon Fraser University with a major in Finance. He is currently pursuing his CFA designation.

These changes are key investments in our teams to grow and better serve our customers. “We are excited to continue the expansion of responsibilities of our existing investment team while still looking for opportunities to grow the team strategically,” says Patrick McGrath. “This work has allowed the team to have strategic coverage across several regions, industries and styles to further enhance our service to customers,” adds Paul Holba.

About Empire Life

Established in 1923 and a subsidiary of E-L Financial Corporation Limited, The Empire Life Insurance Company provides individual and group life and health insurance, investment and retirement products. The company’s mission is to make it simple, fast and easy for Canadians to get the products and services they need to build wealth, generate income, and achieve financial security. As of December 31, 2022, Empire Life had total assets under management of $17.3 billion. Follow us on social media @EmpireLife or visit empire.ca for more information.

About Empire Life Investments Inc.

Empire Life Investments Inc. is a wholly-owned subsidiary of The Empire Life Insurance Company. The company is the portfolio manager of the Empire Life segregated funds. Follow Empire Life Investments Inc. on Twitter @EmpireLifeInv or visit empirelifeinvestments.ca for more information.

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Contact: Sherif Farid
Director, Investment Marketing
(289) 983-9317
[email protected]