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Cumberland CIO Wilson leaves, likely for Sprott Add to ...

Cumberland Private Wealth Management has a new chief investment officer after its existing CIO quit to join another money manager - said to be Sprott Inc.

John Wilson, a technology specialist who has been CIO at Cumberland since 2009, resigned to join another firm, a spokeswoman for Cumberland confirmed.

Sources said his destination is Sprott , which has steadily been broadening its list of managers and funds. The firm declined to comment.

At Cumberland, which runs about $1.6-billion of assets, Mr. Wilson will be replaced by Peter Jackson. Mr. Jackson currently runs Cumberland's Canadian equities portfolio.

Mr. Wilson, who had a background as a technology analyst at RBC Dominion Securities and UBS AG's Canadian office, also was Cumberland's point man on technology and telecom stocks.

Mr. Jackson is a 24-year veteran of money management who has been with Cumberland since 1999. In addition to Canadian equities, he runs an energy fund and a special opportunities fund.

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  • Sprott Inc
  • Updated November 24 10:13 AM EST. Delayed by at least 15 minutes.


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