TORONTO, ONTARIO--(Marketwired - Feb. 12, 2014) - NexGen Financial Corporation ("NexGen" or the "Corporation") (TSX VENTURE:NFX) announced that, effective today, after a successful 30 year career in the financial services industry, its current Chief Executive Officer, President and a director, Laurie Munro, is retiring. Laurie, who will turn 60 this spring, spent 15 years at Mackenzie Financial Corporation in a variety of senior positions. The Board would like to thank Mr. Munro for his many contributions and sends its best wishes to him for a successful retirement.
NexGen will now begin the search for a new CEO. During the interim period, Abe Goenka, Senior Vice-President, CFO and COO, and Jeff Young, Senior Vice-President, Investments and CIO, will act as Co-CEOs.
Mr. Goenka joined NexGen in 2007 and has over fifteen years' experience in the financial services industry. In addition to being responsible for operation and financial reporting, Mr. Goenka actively manages the NexGen mutual fund tax structure. Mr. Goenka holds a CPA, CA and CFA.
Mr. Young has been with NexGen since the firm's inception and has over 19 years' experience in the financial services industry. Mr. Young is the lead manager on several NexGen Funds and chairs the Investment Committee. Mr. Young holds a CFA and MBA.
"I believe that the combination of operational, marketing and portfolio management skills possessed by Abe and Jeff is the right combination required to advance the growth of the Corporation in this transitional period," said Geoff Matus, Chairman of the Board.
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.
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Forward Looking Statements
This release may contain "forward-looking statements" which reflect the current expectations of the Corporation. 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.