Friday, May 8, 2009

David Rosenberg, one of North America's leading economists, will be joining the Gluskin Sheff + Associates as Chief Economist and Strategist.

David was one of the first economists to warn of a U.S. housing market collapse and the ensuing consumer and financial market meltdown. David is currently Managing Director, Chief North American Economist of Bank of America and formerly Chief North American Economist of Merrill Lynch. David will commence his work with Gluskin Sheff in May, 2009.

"We are thrilled to add someone of David's calibre, strategic ability and global understanding to our team," stated
Jeremy Freedman, Deputy Chief Executive Officer. "We see this as a terrific marriage of our long-term track record of successfully identifying undervalued individual securities with David's proven ability to analyze and foresee global trends and opportunities. The insight that he will provide to our investment and asset mix teams will bring strong added value to our clients."

David has ranked first in economics in the Brendan Wood International Survey for Canada for the past seven years and was on the Institutional Investors All American All Star Team for the last four years. He ranked second overall in the 2008 Survey. Prior to joining Merrill Lynch, David held senior positions at the Bank of Canada, BMO Nesbitt Burns and the Bank of Nova Scotia.

David will report to William (Bill) Webb, the Company's Deputy Chief Investment Officer.

Founded in 1984, Gluskin Sheff + Associates Inc. is one of Canada's pre-eminent wealth management firms serving high net worth private clients and institutional investors. Gluskin Sheff offers equity and fixed income investment portfolios and is one of the largest alternative investment managers in Canada. The Company's Subordinate Voting Shares are listed on the Toronto Stock Exchange under the symbol "GS". For more information about the Company, please visit our website at

from Gluskin Sheff + Associates Inc., March 24, 2009

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