Matrix Asset Management Inc. Announces Appointment of Wan Kim as Senior Vice President, National Sales & Marketing

TORONTO, ONTARIO--(Marketwire - June 18, 2012) - Matrix Asset Management Inc. ("Matrix") (TSX:MTA) is pleased to announce the appointment of Wan Kim as Senior Vice President, National Sales & Marketing. Wan joined Matrix in January 2012 as National Vice President, Business Development.

Wan has over 20 years of experience in the investment industry. Before joining Matrix, he spent 10 years as Senior Vice President, National Sales Manager at a national mutual fund company, where he oversaw 54 consecutive net positive months of mutual fund sales through 2004-2010. He has served as a director on 13 Flow Through Limited Partnerships, and two TSX listed closed end funds. Prior to that, Wan was an investment advisor and a branch manager for a National Dealership where he managed 35 advisors.

"We are very proud to be able to attract experienced and proven individuals such as Wan," says David Levi, President & CEO of Matrix. "With his extensive industry experience and track record, we believe that Wan will help us grow our family of retail mutual funds and specialty fund offerings."

"I'm very excited about all the great opportunities and innovations happening at Matrix Asset Management - in particular - the full array of competitive product offerings available from its three divisions," says Wan Kim.

He adds, "I am looking forward to expanding our excellent base of income generating funds, leveraging our extensive retail venture capital offering, extending our family of mutual funds and growing our resource limited partnership program."

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About Matrix (www.matrixasset.ca)

Matrix (TSX:MTA) is a diversified asset and wealth management company with approximately $1.6 billion in assets under management and offices across Canada. The Company's mission is to provide a diverse array of investment choices and the best possible investment management service to Canadian investors and institutions. The Company delivers its services through three main operating subsidiaries serving institutional, high net worth and retail investors.