To All:
News release out today:
ALTERNATIVE FUEL SYSTEMS INC. BOARD ELECTS ROBERT L. SILLCOX AS NEW
DIRECTOR
CALGARY, Aug. 4 /CNW/ - Robert L. Sillcox has been elected as a new
member of the Alternative Fuel Systems Inc. (AFS) Board of Directors. Sillcox is co-founder and current Chairman of Quant Investment Strategies Inc. of Toronto, an organization which specializes in providing quantitative investment strategies to institutions. He has over 40 years of investment experience gained from both the buy/sell and management areas of the investment, banking, pension and insurance industries.
From 1988 to 1996, prior to founding Quant Investment Strategies Inc.,
Sillcox served as Senior Vice President and Chief Investment Officer of the Ontario Municipal Employees Retirement Systems (OMERS), a fully diversified $25 Billion pension fund.
illcox served as Vice President of Corporate and Real Estate Investments for Metropolitan Life Insurance Company from 1979 to 1988. He was responsible for all Metropolitan's investment assets situated in Canada amounting to approximately $10 Billion. Before joining Metropolitan Life, he served as Senior Vice President of Funds Management (Treasury) for the Bank of Montreal (BMO), responsible for the domestic treasury and investment functions of the bank, including the pension assets.
In 1970, Sillcox co-founded Euro Brokers Limited and McDunn Sillcox Co. Ltd., an international inter-bank deposit brokerage and fixed-income private-placement firm specializing in international fixed-income instruments; he served as President and Director until 1977. His early investment training was received working with Harris & Partners Limited where he eventually became a Director and headed the firm's Money Market Department.
Sillcox currently serves as a Director of the Bank of China (Canada) and Glenmount International, L.P.I. He is a member of the President's Investment Advisory Committee to Pension Plan and Endowment Fund of the University of Toronto, a Trustee of the Ridley College Foundation, and is an advisor to Cortex Applied Research Inc.
Recently Sillcox served as Chairman of both the Pension Investment
Association of Canada (PIAC) and the Pension Investment Committee of the Financial Executives Institute of Canada (FEI). He has also served as Member of the Money Market Committee for Investment Dealers Association of Canada (I.D.A.) where he developed guidelines and regulations for borrowers accessing the Canadian money market. He served as Director of Princeton Developments Ltd., a Canadian premier property development and management company, from 1990 to 1994.
From 1994 to 1996, Sillcox was a member of the Exchange Committee on
Corporate Disclosure for the Toronto Stock Exchange.
Sillcox is a graduate of Ridley College (1949) and Williams College
(1953) (B.A.). AFS is listed on the Vancouver Stock Exchange, trading under symbol ATF.
AFS website: www.altfuelsys.com
The Vancouver Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news release.
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For further information: Jo-anne Cappis, (403) 262-1833, email:
afsweb@telusplanet.net |
