AGF CEO Kevin McCreadie dies at age 64
On Thursday, AGF said Mr. McCreadie, aged 64, died suddenly. He joined the Toronto-based company 11 years ago from a U.S. bank and shifted AGF's strategy from equity and fixed income funds into alternative assets such as infrastructure and private equity. In addition to serving as CEO, he was AGF's chief investment officer.
'The entire AGF team is devastated by the loss of Kevin, our colleague and leader,' said Blake Goldring, AGF's executive chairman, in a press release. 'His impact on our organization – and the people within it – has been profound and will be lasting.'
AGF is one of the country's largest independent fund managers, overseeing $53-billion of client assets. Over the past five years, AGF's share price rose by 158 per cent as Mr. McCreadie's diversification strategy attracted clients and boosted profits.
Mr. McCreadie was the first CEO at AGF from outside the Goldring family. Warren Goldring co-founded the company in 1957 and served as CEO until 2000, when Blake Goldring took the reins. AGF recruited Mr. McCreadie in 2014, when he was CEO of PNC Capital Advisors, LLC, a division of Pittsburg-based bank PNC Financial Services Group.
Judy Goldring joined AGF in 1998 as general counsel and held a series of executive roles prior to becoming president and head of global distribution in 2020.
'We have full confidence in Judy's ability to lead the firm given her profile, vision and demonstrated leadership skills,' said Blake Goldring. 'She has the full support of the AGF team and our board of directors.'
Judy Goldring is also chair of the board of directors at the Securities Investment and Management Association, an industry group formerly known as IFIC.
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