Mackenzie Investments’ senior vice-president of Investment Management Mark Grammer will become sole lead of the Mackenzie Growth Team at the end of the year.

Read: Mackenzie announces fund changes

Ian Ainsworth, who has co-led the team with Grammer, will be leaving the firm at the end of the year to pursue other interests.

Read: Mackenzie hires two new senior vice presidents

Grammer will also take over Ainsworth’s responsibilities managing the Mackenzie Growth Fund, Mackenzie Global Growth Class and Mackenzie U.S. Growth Class. He’ll also become contributing manager to Mackenzie Canadian Concentrated Equity Fund. The funds will be managed using the current investment strategy and processes.

Read: Mackenzie launches 5 funds