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Matrix Asset Management Inc. Reports the Resignation of G. Peter Marshall from its Board of Directors

Jan 3 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/03/13 -- Matrix Asset Management Inc. (the "Company" or "Matrix") (TSX: MTA) announced that G. Peter Marshall has resigned from the Company's Board of Directors.

Mr. Marshall has over 40 years of experience in the investment industry. He founded SEAMARK Asset Management Ltd. - the institutional and high net worth operating subsidiary of Matrix - in 1982 and is its former chairman and CEO. He has been a member of the Matrix Board since the inception of the Company in January 2010.

Mr. Marshall also served on the Audit Committee (the "Committee"). The appointment of an additional director to the Committee is anticipated to occur prior to, or near the time of the next annual meeting of shareholders.

Matrix and the Board of Directors would like to sincerely thank Mr. Marshall for the strong contribution he has made to Matrix and wish him all the best for the future.

About Matrix (www.matrixasset.ca)

Matrix (TSX: MTA) is a diversified asset and wealth management company with approximately $1.1 billion in assets under management and offices across Canada. The Company's mission is to provide a diverse array of investment choices and the best possible investment management service to Canadian investors and institutions. The Company delivers its services through three main operating subsidiaries serving institutional, high net worth, and retail investors.



Contacts:
Matrix Asset Management Inc.
David Levi
President & CEO
(604) 895-7274 and (416) 934-7700
david.levi@matrixasset.ca

Matrix Asset Management Inc.
Isabelle Gervasio
Vice President, Investor Relations & Business Development
Toll Free: (514) 227-0666 ext. 3222
isabelle.gervasio@matrixasset.ca
www.matrixasset.ca





Source: Marketwire


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