Empire Life

Empire Life

January 25, 2010 13:30 ET

Empire Life Announces Portfolio Management Changes

KINGSTON, ONTARIO--(Marketwire - Jan. 25, 2010) - The Empire Life Insurance Company (Empire Life) today announced changes to realign portfolio management responsibilities on a number of its Funds. The investment objectives of the Funds remain the same.

The changes are as follows:

- Empire Dividend Growth Fund - Lieh Wang, Lead Manager plus the Empire Life Investment Team

- Empire Elite Equity Fund - Gaelen Morphet and Lieh Wang, Co-managers plus the Empire Life Investment Team

- Empire Asset Allocation Fund - Gaelen Morphet and Nessim Mansoor, Co-managers plus the Empire Life Investment Team

- Empire Global Dividend Growth Fund - Jane Halliday, Lead Manager and Amber Sinha, Co-manager plus the Empire Life Investment Team

- Empire Balanced Fund, Empire Global Balanced Fund, Empire Income Fund and all Portfolio Funds are managed by the Empire Life Investment Team

"I am confident that the changes we've made will allow us to best capitalize on the collective strengths and expertise of every member of the Empire Life Investment Team," says Gaelen Morphet, Senior Vice-President and Chief Investment Officer. Ms. Morphet joined Empire Life in November 2009.

The Empire Life Investment Team will continue to use and build upon the disciplined, value-oriented and conservative philosophy and approach which the Company has followed for more than 40 years.

The Empire Life Investment Team manages more than $8.5 billion in assets on behalf of Empire Life (both segregated funds and general fund assets).

About Empire Life

A subsidiary of E-L Financial Corporation Limited and in business since 1923, Empire Life helps Canadians build wealth and protect their financial security with competitive individual and group life and health insurance, investment and retirement products. The Company's vision is to be the leading independently-owned Canadian financial services company committed to simplicity, being easy to do business with and having a personal touch.

Forward-looking Statements

This news release may contain forward-looking statements about certain Empire Life current plans, goals and expectations. Statements containing the words: "expect", "continue", "anticipate", "may", "will", "could", "should", "would", "intend", "plan", "believe" and any other words of similar meaning are forward-looking. All forward-looking statements involve risk and uncertainty because they relate to future events and circumstances beyond the control of Empire Life. By their very nature, forward-looking statements involve numerous assumptions. The Company will not undertake any obligation to update any of the forward-looking statements in this news release or any other forward-looking statements that it may make.

Contact Information