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.
SOURCE Sprott Inc.