TORONTO, Nov. 7, 2018 /CNW/ - Tony Arrell, Chairman and CEO, and Burgundy's Board of Directors are pleased to announce that Robert Sankey, Executive Vice President and COO, will assume the position of CEO effective January 1, 2019. Mr. Arrell will continue to be active in the firm as Chairman and a large shareholder. This transition of roles is the culmination of a succession plan that began two years ago.
"Rob is very well suited for this role and I am confident he will do an excellent job. He is 43 years old and he has been with Burgundy for nearly 14 years. He has in-depth experience in investment research, which is the bedrock of the firm's activity, and he has a good deal of experience in management. Most importantly, in my view, Rob is of exemplary character and sound judgment. Nothing is more important at Burgundy, where client trust is paramount", said Mr. Arrell. "This appointment is a key component of Burgundy's succession plan. We intend to remain an independent global leader in the quality value investing profession. Rob is as committed as I am to having Burgundy remain independent."
"From the day I joined Burgundy in 2005 it has been my absolute privilege to have worked with such an exceptional group of people, and in a culture with such a deeply entrenched collective purpose of always doing the right thing for our clients," said Mr. Sankey. "I am so grateful for the confidence Tony and Burgundy's Board of Directors have placed in me with this appointment. I am excited to take on this new challenge and I could not be more confident in the Burgundy team to continue the tradition of investment excellence and fulfill our mission to clients."
Robert Sankey joined Burgundy in 2005. During his time at Burgundy, Mr. Sankey has worn several hats with roles in operations, performance measurement and compliance. However, the majority of his time has been spent within the investment department researching businesses across the world and serving as Burgundy's Director of Research. Today, Mr. Sankey functions as the firm's Chief Operating Officer and is a member of Burgundy's Board of Directors.
Mr. Sankey has over 20 years of experience in the financial services industry. Prior to joining Burgundy he worked at HSBC, CIBC Mellon, and Russell/Mellon Analytical Services in positions spanning client service, accounting and performance and risk analytics.
Mr. Sankey graduated from the University of British Columbia with a Bachelor of Science in Forestry. He is a graduate of the Advanced Management Program at Harvard Business School and he is a CFA charterholder. Mr. Sankey is an active member of the community, currently serving on the National Board of Cystic Fibrosis Canada.
Founded in 1990, Burgundy Asset Management Ltd. is an independent investment management firm providing discretionary investment management services to institutions and high net worth individuals in Canada, the United States and internationally. The firm is committed to a disciplined value investment approach with a focus on quality companies.
SOURCE Burgundy Asset Management Ltd.
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