TORONTO, March 5, 2014 /CNW/ - Sprott Inc. (TSX: SII) ("Sprott" or the "Company") today announced that, effective immediately, John Wilson has been named Chief Executive Officer of Sprott Asset Management LP ("SAM"), a wholly-owned subsidiary of Sprott. Mr. Wilson replaces Eric Sprott, who will continue to serve as Chairman and Chief Investment Officer ("CIO") of Sprott and Senior Portfolio Manager at SAM.
"John Wilson is a proven industry executive with a strong track record as both a portfolio manager and Chief Investment Officer. Since joining the company in 2012, he has quickly established himself as a leader in the business and now manages some of our largest and fastest growing funds," said Peter Grosskopf, Chief Executive Officer of Sprott. "John and James Fox, President of Sprott Asset Management, will work closely together to lead Sprott Asset Management as we continue to grow and diversify our asset management platform."
Mr. Wilson joined Sprott Asset Management LP in January 2012 with over 25 years of investment and business experience. Previously, he was CIO at Cumberland Private Wealth Management. Prior to that, he founded DDX Capital Partners, an alternative investment management firm; was Managing Director and a top-rated technology analyst at RBC Capital Markets; and previously, a Director at UBS Canada. John earned his Bachelor of Science in Electrical Engineering from Queen's University, and is an MBA graduate of The Wharton School, University of Pennsylvania.
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 five business units: Sprott Asset Management LP, Sprott Private Wealth LP, Sprott Consulting LP, Sprott Resource Lending Corp. 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 management, administrative and consulting services to other companies. Sprott Resource Lending provides lending services to mining and energy sectors. Sprott U.S. Holdings Inc. includes Sprott Global Resource Investments Ltd, Sprott Asset Management USA Inc., and Resource Capital Investments Corporation. 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.
About Sprott Asset Management
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors should consult their financial advisor to determine if the Sprott Mutual Funds may be sold in their jurisdiction.
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