Norman Raschkowan, executive vice president, will assume the role of team lead and portfolio manager of the Maxxum line-up of mutual funds, effective July 2, Mackenzie Financial Corp. announced Wednesday.

With 30 years of investment experience managing core equity, bond and balanced portfolios, Raschkowan brings a strong track record of generating returns for investors through astute stock selection and managing risk through sound portfolio construction.

“With Norman’s appointment, we have selected an individual with leadership ability and significant investment experience to manage this important and growing investment team. With $6 billion in assets under management, the Maxxum family of mutual funds plays a significant role in many investor portfolios,” says Charles Sims, president and CEO of Mackenzie Financial.

In addition to his role as team lead, Raschkowan will continue as a spokesman for the company in the role of chief North American investment strategist. He will also assume portfolio manager responsibilities of Mackenzie Maxxum Dividend Fund, Mackenzie Maxxum Dividend Growth Fund and Mackenzie Maxxum Monthly Income Fund.

Bill Procter, senior vice president and current head of the Maxxum investment team, retires today after a 41 year career in investment management. Since joining Mackenzie in 1994, Proctor has led a team that shares a common investment philosophy of generating superior returns through research-driven stock selection. “Maxxum is in capable hands with a strong investment team and a sound investment strategy,” Procter says.

Tattersall appointed interim CIO of Mackenzie

Bob Tattersall has been appointed interim chief investment officer of Mackenzie Financial. With an investment career spanning more than 39 years, Tattersall joined the organization in 2008 with the acquisition of Saxon Financial.

IE