Watt Carmichael Inc. hires former HSBC Securities head as new President

TORONTO, Aug. 14, 2012 /CNW/ - Watt Carmichael Inc. announced today that they have brought former HSBC Securities Inc. executive Martin Sims in as President and Chief Operating Officer to help lead them forward.  Sims spent seven years at HSBC where he helped grow their full service investment advisory business from $5B to $14.5B in assets.  He successfully led the firm through the 2008 financial crisis as Executive Vice President & National Director and head of their Private Client Group before leaving in 2010 prior to the firm being sold to National Bank Financial.  He has over 20 years of financial services experience in various roles. with Midland Walwyn, Merrill Lynch, Charles Schwab, Thomson Kernaghan, HSBC and Accretive Advisor.

"We are very excited to have Marty join us as a partner to enhance our wealth management proposition and assist in our future growth" said Watt Carmichael Chairman and CEO Harry J. Carmichael.

"I'm very excited to be a partner in leading Watt Carmichael forward.  It is a great challenge that I'm looking forward to tremendously.  It will call upon all that I've learned in the wealth management business over the last two decades."   Sims said yesterday.  "Watt Carmichael has a tremendous team and platform with key competitive advantages.  We will look to bring on the right new partners and build revenue from a position of strength going forward" he said.

Watt Carmichael has been providing Wealth Management services to private families and their businesses since 1971 through their IIROC member firm and subsidiaries registered with the OSC as portfolio managers.

SOURCE: Watt Carmichael Inc.

Marty Sims (416)-307-1509
[email protected]