DAVID FRANKLIN NAMED CHIEF EXECUTIVE OFFICER OF SPROTT PRIVATE WEALTH
PAUL WONG JOINS SPROTT ASSET MANAGEMENT AS PORTFOLIO MANAGER
TORONTO, March 28 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott" or the "Company") today announced that David Franklin has been named Chief Executive Officer of Sprott Private Wealth LP, a business unit of Sprott that provides wealth management services to high-net worth individuals, foundations and trusts.
"We are delighted to have David Franklin assume the role of CEO of Sprott Private Wealth," said Peter Grosskopf, CEO of Sprott. "We believe that Sprott Private Wealth has great potential for growth. Since joining our organization in 2008, David has been a key contributor in his role as Market Strategist, conducting macro-economic analysis to help guide the portfolio management team's investment decisions."
"I am very excited about this new role," said David Franklin, "We are committed to providing our clients with customized investment solutions, and access to unique investment opportunities such as private placements for accredited investors. We believe this is a key differentiator in the private wealth space."
Mr. Franklin joined Sprott Asset Management in 2008 as a Research Analyst. Since then he has served as a Market Strategist, while also co-writing the widely followed "Markets at a Glance" articles along with Eric Sprott. Mr. Franklin previously worked at Integral Wealth Securities and Toll Cross Securities in Institutional Equity Sales. He has an Honours Degree in Economics from Wilfrid Laurier University.
Sprott is also pleased to announce that Paul Wong has joined Sprott Asset Management LP, which manages the Sprott family of mutual funds, hedge funds and managed accounts, as a Portfolio Manager.
"Paul is an industry veteran with specialization in natural resource investing, asset allocation and macroeconomic research," said James Fox, President of Sprott Asset Management. "Paul's addition to our investment team enhances our capabilities and adds depth to our best-in-class team. His training and experience as a Petroleum Geologist also expands Sprott's growing team of technical, earth scientists."
Mr. Wong has more than 20 years of experience in the investment industry. Most recently he was a Portfolio Manager with Natcan Investment Management, where he managed three natural resource-related funds with more than $350 million in combined assets. Under Paul's management, all three funds delivered above-median performance relative to their respective peer groups for the three-year period ended February 28, 2011. Previously, Paul was a proprietary trader with Scotia Capital, and held portfolio management positions with TAL Global Asset Management and Jones Heward Investment Counsel. Mr. Wong earned his Bachelor of Science from the University of Toronto and holds the Chartered Financial Analyst designation.
About Sprott Inc.
Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The company currently operates through four business units: Sprott Asset Management LP, Sprott Private Wealth LP, Sprott Consulting LP and Sprott U.S. Holdings Inc. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides active management services to public and private companies and partnerships, including Sprott Resource Corp. (TSX: SCP) and Sprott Resource Lending Corp. (TSX: SIL) (NYSE AMEX: SILU) and Sprott Power Corp. (TSX: SPZ). Sprott U.S. Holdings Inc. provides specialized brokerage and asset management services. Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit www.sprottinc.com.
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