Friday, 17 August 2018 05:41 PM
Darvin Zurfluh, the CEO of Pinnacle Wealth Brokers Inc. (“Pinnacle”), is pleased to announce the appointment of James Jung as the new Chief Investment Officer (“CIO”) of Pinnacle Wealth Brokers Inc. and the new President and Portfolio Manager of Pinnacle Asset Management (“PAM”), a division of Pinnacle.
Pinnacle is one of the largest Exempt Market Dealers in Canada and welcomes Mr. Jung into his expanding leadership role to advance Pinnacle’s mandate - “To Continually Seek Unique Opportunities to Increase Wealth”.
Mr. Jung has been the Managing Director, Head of Corporate Finance of Pinnacle since February 2017, an Associate Portfolio Manager of Pinnacle from February 2017 to April 2018, and is a member of Pinnacle’s Product Review Committee that approves new investment opportunities for Pinnacle.
As part of a CIO’s succession plan, James has worked alongside his predecessors in the identification, selection, due diligence and approval of investments/loans made by PAM. James has been largely responsible for the due diligence report that forms the basis of those borrowers/issuers to whom PAM makes loans/investments.
Mr. Jung’s extensive experience has enhanced PAM’s private debt lending process and monitoring including: investment screening, financial modelling and accounting analysis, industry and sector analysis, transaction due diligence, participation in the investment decision process, assisting with the drafting of legal documentation, preparing investment recommendation memoranda and post-lending portfolio monitoring. Simply, Mr. Jung’s due diligence experience, that is supplemented by his knowledge of credit, credit risk and quantitative analytics, make his investment management experience directly relevant for the position as the CIO of Pinnacle and Portfolio Manager for PAM.
Mr. Jung has over 20 years of relevant investment management experience including working as the Senior Director, Treasury of a Canadian financial institution. In this role, James was responsible for managing the investment portfolio of approximately $1 billion which was comprised of money market securities, corporate bonds, and equity/preferred securities.
Mr. Jung has received the Chartered Financial Analyst, Financial Risk Manager, and Chartered Professional Accountant designations and he holds a Honors Business Administration degree from Ivey Business School, the business school of the University of Western Ontario in London, Ontario.
Pinnacle looks forward to continuing to utilize Mr. Jung’s skills to manage its current proprietary fund for the private market called the Pinnacle Absolute Return Trust (“PART”) and his creativity to develop new funds aimed at providing unique options for Canadian investors. PART provides investors with a diversified private and public investment solution whose investment objectives consists of income, growth or both income and growth.
About Pinnacle Wealth Brokers
Pinnacle Wealth Brokers is registered as an Exempt Market Dealer in the provinces of AB, BC, SK, MB, ON, QB, NS, NB and NL. Pinnacle Wealth Brokers is also registered as a Portfolio Manager in AB and ON and as an Investment Fund Manager in AB, ON and NL and QC. Pinnacle provides private investment opportunities to qualifying investors through a network of trained dealing representatives located throughout the country. Pinnacle has been recognized as one of the top growth companies in Canada in 2013 by Profit Magazine as well as one of the Fast 50 Growth companies for both 2013 and 2014 by Alberta Venture Magazine. Additional information on Pinnacle can be found at www.pinnaclewealthbrokers.com.
For more information, contact Darvin Zurfluh at [email protected].