MCGILL AND UNIVERSITY OF TORONTO ANNOUNCE STRATEGIC ALLIANCE:
Will Jointly Offer Executive Education Programs in Canada and Hong Kong

FOR RELEASE:  WEDNESDAY, JANUARY 7, 1998

The business schools at two of Canada¹s leading universities have joined together in a first-of-its-kind strategic alliance to provide executive education programs in Canada and Hong Kong. The Rotman School of Management at the University of Toronto and the Faculty of Management at McGill University will combine their resources and faculty to provide managers and businesses with a series of innovative executive education programs beginning this spring.

"The U of T and McGill are Canada¹s strongest brand names in education, and certainly the best known in international markets," said Paul Halpern, dean of the Rotman School. "Creating the Alliance allows both schools to expand their executive programs beyond their traditional markets because of the advantage of the two great names working together. More important, our executive clients can now be doubly certain that they will receive the highest quality management education."

"The business community will derive significant benefit from the collaboration of these two world-renowned schools," said Wallace Crowston, dean of the Faculty of Management at McGill. "Firms with operating branches in Montreal, Toronto, and Ottawa will now be able to offer their managers the same top executive training in all three cities."

The Executive Alliance will be officially launched on Monday, January 12, 1998, during a reception at the Rotman School of Management in Toronto.

Anthony Comper, chair of the University of Toronto Governing Council, and president and chief operating officer of the Bank of Montreal, will address the significance of the Alliance during the reception.

Based on the latest business concepts and research, the programs of the Executive Alliance prepare managers from all levels and areas of management to meet the challenges of a rapidly changing business environment. The world-renowned faculties of both schools will join together with leaders in industry and business to offer practical educational sessions in topics ranging from strategic marketing to financial derivatives.

Leading the Executive Alliance will be Daniel Ondrack, professor of organizational behaviour, and interim director of the Rotman School Executive Programs, and Alistair Duff, professor of accounting, and director of the McGill Executive Institute.

Eleven professional development courses will be offered in Toronto, Montreal, Ottawa and Hong Kong beginning in March 1998, namely:

· The Effective Manager

· Essential Management Skills

· Negotiating for Success

· The Project Management Process

· Strategic Marketing

· Winning at New Products

· Accounting and Finance for Non-Financial Executives

· Corporate Finance and Capital Markets

· Merger & Acquisition Valuation

· Successful Analysis and Control of Derivatives

· Frontiers of Derivative Research

The Rotman School of Management at the University of Toronto provides management education programs for students and executives, and research in all the disciplines of management. Consistently ranked among the top business schools in Canada, the Rotman School offers graduate and undergraduate degrees including the Toronto MBA, Executive MBA, and Ph.D. programs.

The Faculty of Management of McGill University is a leading international business school, with a worldwide reputation that attracts top students and faculty members from every continent. Its academic programs offer strong international content in conjunction with a variety of functional specializations. In addition to Bachelor of Commerce, MBA and Ph.D. programs, the faculty offers a number of specialized graduate programs developed in close consultation with industry such as the International Masters Program in Practicing Management (IMPM), which is not only a Canadian first, but also unique in the world.

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For more information, contact:

Daniel Ondrack                                     OR Ken McGuffin

Interim Director                                           Public Relations Officer

Rotman Executive Programs                         Rotman School of Management

Voice (416) 978-5447                                   Voice (416) 946-3818

Fax (416) 971-2866                                       Fax (416) 978-1373

E-mail: ondrack@rotman.utoronto.ca             E-mail: mcguffin@rotman.utoronto.ca

Alistair Duff                                             OR Annie Julien

Director                                                        Public Relations Officer

McGill Executive Institute                          Faculty of Management

Voice (514) 398-3971                                  McGill University

Fax (514) 398-7443                                      Voice (514) 398-4030

                                                                       Fax (514) 398-5116

E-mail: duff@management.mcgill.ca             E-mail julien@management.mcgill.ca