Organizational changes to the Invesco Trimark Fixed Income team

September 8, 2014

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans.

In July 2014, Invesco Canada Ltd. (Invesco) announced that Anthony Imbesi departed the firm effective July 15, 2014. Mr. Imbesi was a Vice President and Portfolio Manager with the Trimark Fixed Income team and had been an employee at Invesco since 1999. The team manages the Trimark Fixed Income mandates, including the Trimark Canadian Bond Fund and the fixed income portion of the Trimark Income Growth Fund.
Invesco is currently seeking a replacement for Mr. Imbesi. Coverage of the sectors he was responsible for - corporate issues from the telecom, media, technology and consumer sectors - will be allocated across the rest of the team until a replacement for him is found.

Mr Imbesi’s departure follows a number of changes to the Invesco Trimark Fixed income team includeing the September 2013 announcement that Jennifer Hartviksen, Head of Fixed Income, would assume Lead Portfolio Manager duties on all Trimark Fixed Income mandates. Ms. Hartviksen has been active in rebuilding the fixed income team. She is supported by Isam Walji (ten years industry experience) and Albert Ngo (nine years industry experience).

Summary of recent changes to the Trimark Fixed Income team:
March 2013
: we announced that Rex Chong, Head of Fixed Income, who had been on sabbatical since July 2012, decided not to return to the firm and resigned effective January 24, 2013. We also announced that Alfred Samson would continue as lead portfolio manager on the Trimark Canadian Bond Fund and the fixed income portion of the Trimark Income Growth Fund.

September 2013: we announced that Gary Lew, Portfolio Manager and analyst with the Trimark Fixed Income team, was no longer with the firm effective August 23, 2013; and that Jennifer Hartviksen joined Invesco as Head of Fixed Income, effective September 3, 2013.

January 2014: we announced that Jennifer Hartviksen, Head of Fixed Income, would assume Lead Portfolio Manager duties on all Trimark Fixed Income mandates, and that Isam Walji joined the Trimark Fixed Income team with the title of Vice President and Analyst, covering the energy and industrial credit segments. We also announced the departure of Alfred Samson, Portfolio Manager and Analyst from the Trimark Fixed Income team.

April 2014: we announced that Albert Ngo joined the Trimark Fixed Income team with the title of Vice President and Analyst, covering basic and consumer credit segments.

Sun Life Financial is concerned with the high level of investment professional turnover on the Trimark Fixed Income team since the resignation of Rex Chong in January 2013. We will continue to monitor the situation closely and provide updates as necessary.

Questions?
Please contact your Sun Life Group Retirement Services representative.