SPROTT CONTINUES TO STRENGTHEN ITS TEAM
March 28 2011 - 11:48AM
PR Newswire (Canada)
TORONTO, March 28 /CNW/ -- 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. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/March2011/28/c7016.html
p bInvestor contact information:/b (416) 203-2310 or 1 (877)
403-2310 or a href="mailto:ir@sprott.com"ir@sprott.com/a /p
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