Toronto-based AGF Investments Inc. today announced that Martin Hubbes, executive vice-president and chief investment officer, will be leaving the firm. A search for his replacement is underway and Hubbes will continue in his role throughout the transition.

“Working closely with his senior leadership team and AGF’s executive, Martin has engaged the talent and built the structure required to ensure our investment management team has the tools and resources they need to succeed. I want to express my heartfelt thanks to my long-time colleague and wish him the best in the next chapter of his professional career,” said Blake Goldring, chairman and CEO, AGF Management Ltd. (TSX:AGF.B), in a release.

Hubbes joined AGF as an equity research analyst in 1992. He went on to become lead portfolio manager of AGF Canadian Stock Fund in 1996, a position he held until 2011.

Hubbes has led AGF’s investment group as senior vice president and chief investment officer since 2005 and was promoted to executive vice-president and chief investment officer in 2011.

“I have had the very good fortune to spend my entire career at AGF. Working closely with Blake and the Investment and executive teams has been extremely rewarding and the depth of talent within the firm will ensure AGF meets its goal of helping investors succeed,” said Hubbes.

With over $34 billion in total assets under management, AGF serves more than one million investors.