TORONTO, May 23, 2014 /CNW/ - Aston Hill Asset Management Inc. ("Aston Hill") is pleased to announce the addition of Portfolio Manager John Kim† to the Aston Hill Investment Team. Mr. Kim joins Aston Hill most recently from Sentry Investments and has 20 years' experience in the investment industry specifically managing Canadian equities. "I believe that John's disciplined investment approach, focus on downside protection and objective of generating absolute returns makes his portfolio management style a great complement to Aston Hill's current suite of mutual funds," said Ben Cheng, Co-Chief Investment Officer of Aston Hill. A new Canadian total return fund for which Mr. Kim will be the portfolio manager is currently in development.
Furthermore, Aston Hill recently welcomed two new additions to the Sales Team: Karl Palmen, Vice President, Sales, will be based in Vancouver, BC, and Marco Manocchio, Vice President, Sales, will be based in Montreal, QC. They will each be responsible for managing existing and new relationships with Canadian investment advisors in their respective provinces. While Quebec was previously serviced from the Toronto office, the addition of Mr. Manocchio marks the first Aston Hill employee based in Quebec and focused exclusively on building and strengthening Aston Hill's coverage in the province.
"Both Karl and Marco bring a wealth of experience and a deep understanding of the Canadian investment advisor community to our firm," said JD Rothstein, Senior Vice President and National Sales Manager of Aston Hill. Since joining Aston Hill thirteen months ago, Mr. Rothstein has focused on expanding Aston Hill's sales team to both strengthen and grow the firm's client base. "On the heels of our highest ever quarter of mutual fund sales, the addition of Karl and Marco to our team completes our goal of providing Canada-wide sales coverage."
Mr. Palmen joins Aston Hill from NexGen Financial where he spent eight years as the Vice President of Sales. Prior to NexGen, Mr. Palmen spent twelve years at CI Investments, most recently as a Vice President, Sales. Mr. Manocchio joins Aston Hill after six years at BMO Global Asset Management as Vice-President, Regional Sales, prior to which he held sales roles at several Montreal-based fund companies including OpenSky Capital and TAL Fund Management.
"The addition of these new employees reinforces our commitment to establishing Aston Hill as a premier wealth management firm within the Canadian investment industry and aligns with our goals of providing a diversified suite of products coupled with top-tier service for investment advisors with whom we have partnered," said Eric Tremblay, Aston Hill's Chief Executive Officer.
†subject to regulatory approval
About Aston Hill
Aston Hill is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF). Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, private equity funds, hedge funds and segregated institutional funds. Aston Hill Financial Inc. has offices in Calgary, Toronto and Halifax.
SOURCE: Aston Hill Asset Management Inc.
For further information: Sales & Marketing Department, Aston Hill Asset Management Inc., 1-800-513-3868, www.astonhill.ca