Experience, Commitment & Discipline

Gryphon Investment Counsel Inc.

Specialty Name Experience
Fixed Income/
Canadian Equity
Terry Walsh
President, CEO, CIO,
Managing Partner,
Portfolio Manager
49 Years
Canadian Equity Ronald Kaulbach
Chairman,
Managing Partner,
Portfolio Manager
54 Years
Canadian Equity/
Fixed Income
Chris Smith, CFA
Managing Partner,
Portfolio Manager
30 Years
Marketing & Client Services Michael Pears, CFA
Managing Partner
30 Years
Administration Judy Augustine
CFO, Secretary/Treasurer
Director of Administration
Managing Partner
37 Years
Compliance Kathie L. Johnson
Chief Compliance Officer
27 Years

Gryphon International Investment Corporation

Specialty Name Experience
Foreign Equity Alex Becks
Chairman
50 Years
Foreign Equity Larry McManus, CFA
President and CEO
44 Years
Foreign Equity Spencer Mellish, CFA
CFO
26 years

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Gryphon is a member of the Portfolio Management Association of Canada ("PMAC"). Their mission is to advocate the highest standards of unbiased portfolio management in the interest of investors served by Members, as well as to increase public awareness of investment counseling and its benefits.