Excel Funds Management Inc.

Excel Funds Management Inc.

May 03, 2007 17:23 ET

Excel Funds Management Inc. Establishes Independent Review Committee

TORONTO, ONTARIO--(Marketwire - May 3, 2007) -

Attention Business Editors:

Excel Funds Management Inc. has established an Independent Review Committee to provide independent oversight of potential conflicts arising with respect to its publicly offered mutual funds. The committee will fulfill the requirements of national security regulations.

"Investors in Excel Mutual Funds will be well served by the diverse experience and governance interests of the reputable members of the committee" said Bhim Asdhir, CEO of Excel Funds Management.

Members of the committee are as follows:

Karen J. Fisher

Karen has over 25 years of experience in the financial services sector including the former President & CEO of Scotia Securities where she managed the Scotiabank mutual funds and other investment programs. She is a former
Board Member of the Mutual Funds Dealer Association and the Investment Funds Institute of Canada.

J. Morgan Mccague

During Morgan's nearly four decades of experience in the financial securities industry, he has been recognized with numerous directorships of public and private companies as well as memberships on Toronto Stock Exchange committees. He recently retired from the Ontario Teachers Pension Plan where he managed the Core Portfolio and was the Senior Vice President Asset Mix & Risk.

Michael G. Yanai

Michael is a consultant in the financial services sector where he has successfully managed and implemented large scale projects for Canada's major financial institutions. A Chartered Financial Analyst and Certified Management
Accountant are amongst his several credentials.

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