TORONTO, Feb. 9 /CNW/ - Castor Asset Management Ltd. (Castor) is pleased to announce the appointment of Harold (Hal) Kent as President & CEO.

Commencing immediately Mr. Kent will oversee the expansion of the business with focus on product development, portfolio management capabilities, and international distribution.

Mr. Kent most recently served as Chief Financial Officer, Chief Operating Officer and Portfolio Manager with Donville Kent Asset Management of Toronto, Canada, a firm he co-founded in 2007. In 22 years of investment industry experience he has served in other executive and portfolio management roles at Canadian and offshore domiciled investment managers and investment dealers.

Castor Asset Management Ltd. is a Toronto, Canada based Investment Funds Manager and Exempt Market Dealer registered with the Ontario Securities Commission. Castor was formed to provide both international and domestic investors with access to unique and differentiated investment products that feature both proprietary 'in-house' investment management techniques but also, and importantly, provide access to the skills and often unconventional perspectives originating from the development and/or sponsorship of emerging managers and organizations.

-0- 02/09/2010 /For further information: Castor Asset Management Ltd., 15 Toronto Street, Suite No. 205, Toronto, Ontario, M5C 2E3, Phone: (416) 800-9138, Email: info(at)CastorAM.ca/ CO: Castor Asset Management Ltd.

ST: Ontario IN: FIN SU: PER -30- CNW 07:00e 09-FEB-10