Martin Hubbes, executive vice president and chief investment officer at AGF Investments, is leaving the firm, AGF announced Tuesday.
Mr. Hubbes will remain at the firm until his replacement is named; a search is underway, according to a news release. External and internal candidates will be considered, said Peter Block, AGF spokesman.
Mr. Hubbes “has no immediate plans” and will take the next several months “to consider the next phase of his career,” Mr. Block said, adding that Mr. Hubbes has spent his entire career at AGF.
Mr. Hubbes was named senior vice president and CIO in 2005 and was promoted to executive vice president and CIO in 2011.
AGF Investments has C$34 billion (US$32.1 billion) in overall assets under management, including C$14.8 billion in institutional and high-net-worth assets.
Efforts to reach Mr. Hubbes were unsuccessful.