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Debashis Chowdhury Appointment to President of Canterbury
Announcement
July 2015

Dear Clients and Friends:

I am pleased to announce today that the company's Board of Directors has elected Debashis Chowdhury to the role of President. The management team will continue to include Michael Laven, CEO and Mike Ethridge, COO

This change in the management at Canterbury is occurring as Ben Francois announced this week that he is leaving the firm to launch an entrepreneurial endeavor.  While we are saddened by his departure, we wish him all the best and are extremely grateful for the contribution he made to the firm's success over the years. 

Debashis came to Canterbury in 2002 and has worked in a variety of capacities: an analyst, the manager of analytics, as well as his current role consulting directly to institutions and private clients in the key areas of investment policy, asset allocation, and portfolio construction. Mr. Chowdhury is a shareholder of the firm, member of the firm's Board of Directors, as well as the firm's Capital Markets and Real Assets Manager Research Committees.  Mr. Chowdhury received a degree in Management and Economics from the Carlson School of Management, University of Minnesota and is a CFA charterholder. 

I'm confident this change in leadership will maintain and perpetuate the high standard of service we provide our clients.  Should you have any questions, please don't hesitate to contact us.

Sincerely,

D. Robinson Cluck, Chairman