Excel Funds Management Inc. has established its 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.

The members of the committee are:

Karen J. Fisher, who has over 25 years of experience in the financial services sector including as former president and 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 his almost 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 at which he managed the Core Portfolio and was the senior vice president of asset mix and risk.

Michael G. Yanai, a consultant in the financial services sector, at which 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.