TORONTO, Feb. 15, 2012 /CNW/ - Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is deeply saddened by the news that Robert Reid, one of the company's
founding shareholders and original board directors, has passed away.
Mr. Reid was the President of DGM Bank and Trust Inc. of Barbados, and,
through that role, was one of the founding shareholders in Horizons
ETFs, under its prior name BetaPro Management Inc. Prior to his role
with DGM Bank, Mr. Reid was well known on Bay Street as a former
director and Vice-President at Wood Gundy.
Mr. Reid sat on the board of directors of Horizons ETFs until 2008. In
this role, he helped guide the growth of Horizons ETFs from its early
start-up days to becoming one of Canada's largest ETF providers.
"As one of only a small handful of individuals who saw the potential in
building a Canadian-based ETF company from the ground up, Rob was
instrumental in helping us build the Horizons ETF business into what it is today," said Adam Felesky, CEO of Horizons ETFs. "His friendship and guidance will be deeply missed by the employees of
Horizons ETFs and its current and past board members. Our thoughts and
prayers go out to his family."
The family of Mr. Reid has informed friends that a Service of
Remembrance will be held at the Turner & Porter Yorke Chapel in
Toronto, Ontario on Friday, February 17, 2012 at 11 a.m. For those who
wish, memorial donations can be made to The Boys' & Girls' Club of
London, 184 Horton St. E., London, ON N6B 1K8 in absence of floral
arrangements. Online condolences may be made through www.turnerporter.ca
SOURCE Horizons ETFs Management (Canada) Inc.