NexGen Financial Corporation announces appointment of new directors
24 März 2012 - 9:17PM
PR Newswire (Canada)
TORONTO, March 27, 2012 /CNW/ - NexGen Financial Corporation
("NexGen" or the "Corporation") is pleased to announce the
appointment of Mr. Mark Kinney and Ms. Margaret Hunter to the board
of directors of the Corporation effective March 27, 2012. Mr.
Kinney is a founding partner, the chief investment officer and the
managing director of Newport Private Wealth Inc. ("Private
Wealth"), a private investment company, with more than 20 years of
experience in the investment industry. Mr. Kinney is the
chair of Private Wealth's investment committee, which is
responsible for managing the firm's investment strategy and
execution. Prior to starting Private Wealth in 2001, Mark was a
vice president at RBC Private Trust. From 1992 to 1999, he
was a Principal with Merchant Private Trust Company and Connor
Clark Private Trust, which was acquired by the Royal Bank of Canada
in 1999. Mr. Kinney is active in a number of community and
charitable organizations, including being a director of the Yellow
Bus Foundation. Mr. Kinney will replace Mr. John Garrow, a former
executive of Newport who resigned from the NexGen board. Newport
Partners Private Growth LP1 continues to hold approximately 15.9%
of the outstanding common shares of NexGen. Ms. Hunter has been a
structural designer with Stephenson Engineering Ltd. since 2011 and
prior thereto a structural engineer with Weidlinger Associates Inc.
of New York since 2007. Ms. Hunter has been appointed in
substitution for Elizabeth Hunter who was unable to serve as a
director due to a work related conflict which arose after her
nomination. Ms. Hunter is the daughter of James Hunter, the former
Chief Executive Officer of NexGen and the current holder of
approximately 25% of the outstanding common shares of NexGen. Each
of Mr. Kinney and Ms. Hunter will serve as directors until the
annual meeting of shareholders on May 22, 2012. The appointment of
Ms. Hunter is subject to the receipt of all necessary regulatory
approvals. "We would like to thank Mr. Garrow for his services to
the NexGen Board since its inception in 2006 and we welcome Mr.
Kinney and Ms. Hunter to the Board. We look forward to their
contribution," said Laurie Munro, President and Chief Executive
Officer. About NexGen Financial NexGen Financial Corporation is a
mutual fund company and was founded to develop value added
investment solutions for financial advisors and their clients. The
firm is focused on the creation of innovative investment products
and services that meet the needs of Canadians seeking more tax
efficient investment opportunities and greater control over the tax
treatment of their investments. Managed by strong investment
professionals, NexGen's unique Registered and Tax-Managed Fund
offerings are well positioned as attractive investment
opportunities for Canadians looking to alleviate the tax costs
associated with traditional investment solutions. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward Looking Statements This release may contain
"forward-looking statements" which reflect the current expectations
of the Company. These statements reflect management's current
beliefs with respect to future events and are based on information
currently available to management. Forward-looking statements
involve significant known and unknown risks, uncertainties and
assumptions. Many factors could cause actual results, performance
or achievements to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements including, without limitation,
those listed under the heading "Risk Factors" in the Company's
Management Discussion and Analysis, which is available the
Company's website and on SEDAR at www.sedar.com. Should one or more
of these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results, performance or achievements could vary materially from
those expressed or implied by the forward-looking statements
contained in this release. Although the forward-looking statements
contained in this release are based upon what the Company believes
to be reasonable assumptions, the Company cannot assure investors
that actual results, performance or achievements will be consistent
with these forward-looking statements. These forward-looking
statements are made as of the date of this release and the Company
does not assume any obligation to update or revise them to reflect
new events or circumstances. NexGen Financial Corporation CONTACT:
Laurie Munro, President & CEONexGen Financial
Corporation416.775.3705lmunro@nexgenfinancial.ca
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