Gryphon Investment Counsel :: Investment Professionals

GRYPHON INVESTMENT COUNSEL INC. • TORONTO • MONTREAL • CANADA

Gryphon Investment Counsel Inc.

Specialty	Name	Experience
Fixed Income/ Canadian Equity	Terry Walsh, ASA President and Chief Executive Officer Chief Investment Officer Managing Partner	39 Years
Canadian Equity	Ronald Kaulbach Managing Partner	44 Years
Canadian Equity/ Fixed Income	Chris Smith, CFA Managing Partner	20 Years
Canadian Equity	Denis Taillefer, CFA Associate Portfolio Manager	14 Years
Canadian Equity	Marc Marzotto, CFA, MBA Associate Portfolio Manager	7 Years
Canadian Equity	George Kiddell (Advisory role) Chairman and Managing Partner	54 Years
Marketing & Client Services	Michael Pears, CFA Managing Partner	20 Years
Administration	Judy Augustine Chief Financial Officer Secretary Treasurer Director of Administration Managing Partner	27 Years
Compliance	Kathie L. Johnston Chief Compliance Officer	17 Years

Gryphon International Investment Corporation

Specialty	Name	Experience
Foreign Equity	Alex Becks Principal, Chairman, Chief Financial Officer	41 Years
Foreign Equity	Larry McManus, CFA Principal, President, Chief Compliance Officer	34 Years
Foreign Equity	Kathryn Collins, CFA, CA Portfolio Manager	21 Years
Foreign Equity	Raj Bharwani, MBA Portfolio Manager	12 Years
Foreign Equity	Peter Hanley, MBA, CMA, CFA Portfolio Manager	22 Years
Foreign Equity	John Hwang, CFA Investment Analyst	12 Years

© 2003 Gryphon Investment Counsel Inc.