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Canadian Firm

Names New CEO

Amid recent layoffs and an economic downturn, Dynamic Mutual Funds of Toronto has named David Goodman as its new CEO, the company announced.

In addition, Goodman will continue to serve as president of Dynamic's investment management division, Goodman & Company Investment Counsel. He will also continue on as lead manager of Dynamic's Canadian value funds.

In a recent response to the decline in capital markets, Dynamic eliminated approximately 30 full-time positions.

Dynamic Mutual Funds has approximately $6 billion in total assets under management.