By David Macfarlane

AGF Management Limited (AGF) has appointed Thomas Clancy as director, US business development, AGF Investments America Inc, as the firm continues to build its presence in the US institutional field.

AGF is a premier investment management firm with approximately US$43.4 billion in total assets under management worldwide. Last month, AGF released its annual financial results for the year ending November 30, 2009, in which it noted that its institutional and strategic accounts AUM had increased by 47.8% to $18.9 billion. AGF is planning to increase its international presence in Europe and Asia in the coming months.

As a member of the Institutional Sales Team, Mr. Clancy is responsible for the introduction of AGF’s investment solutions to the institutional plan sponsor and investment consultant communities within the Northeast, mid-Atlantic and Southeast regions of the United States.

“We are pleased to welcome Tom to our growing and experienced US team led by AGF Managing Director Richard Nino,” said Gary Wing, AGF senior vice president, institutional. “Tom’s expertise in the institutional field and knowledge of the industry will help strengthen our expanding presence in the US.”

Mr. Clancy began his career in the US in the institutional investment industry in 1999 working in the global trading and research division of a major US bank. There he focused on foreign exchange spot and swap trades, as well as OTC futures and options. In 2003 he joined the consultant relations team of a leading US investment management firm. He then became a principal of the firm, responsible for new business development in the public funds marketplace.

Mr. Clancy earned a Bachelor of Science degree in Business Administration from Framingham State College and is a member of the National Association of Securities Professionals. Additionally, he was a recipient of the Institutional Investor & Money Management Letter – 2009 Rising Star of Public Funds Award.