David Rosenberg to join Gluskin Sheff as Chief Economist and Strategist

TORONTO, March 24 /PRNewswire-FirstCall/ - Gluskin Sheff + Associates Inc. is
pleased to announce that David Rosenberg, one of North America's leading
economists, will be joining the Firm 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 www.gluskinsheff.com.

SOURCE Gluskin Sheff + Associates Inc.

Gluskin Sheff Media Line: (416) 681-6033