CIBC Asset Management announced the addition of Brandywine Global Investment Management to its leading line-up of world-class external money management partners.

Brandywine Global will assume the management of CIBC Asset Management’s global fixed income products with combined assets under management of $350 million.

Brandywine Global’s mandates with CIBC now include: CIBC Global Bond Fund; Talvest Global Bond Fund; Imperial International Bond Pool; Frontiers Global Bond Pool; and the global fixed income components of several portfolio solutions.

“Brandywine Global is one of the world’s leading global fixed income managers with a stellar performance track record and a unique and proven investment process,” said Steve Geist, president of CIBC Asset Management. “We are very excited to have Brandywine Global join CIBC’s family of leading external managers to help us deliver strong results for our clients and meet their demand for income from outside of Canada.”

Brandywine Global is a top ranked global fixed income manager against its peers. The Brandywine Global mandate is to invest in debt securities denominated in foreign currencies issued by Canadian and non-Canadian governments, corporations and financial institutions.

In addition, the Talvest Global Bond Fund’s Class A Management Expense Ratio is being reduced to a target of 1.95% to further deliver superior value to investors.

Brandywine Global offers an array of equity, fixed income, and balanced portfolios that invest in U.S., international, and global markets. As of September 30, 2006, Brandywine Global manages over US$34 billion in assets for more than 360 clients. The firm is a wholly owned, independently operated subsidiary of Legg Mason, Inc., and is headquartered in Philadelphia. Brandywine Global is represented in Canada by Legg Mason Canada Inc., a subsidiary of Legg Mason, Inc., and an institutional money manager for Canadian clients with assets under management of $14 billion.

Brandywine Global is replacing CIBC Global Asset Management, CIBC’s internal money management division, on these retail global fixed income mandates.