Toronto-based Sentry Investments Inc. announced on Monday that Philip Yuzpe has been appointed president and CEO after more than three years as the firm’s president and chief operating officer.

Yuzpe succeeds Sean Driscoll, who has served as Sentry’s CEO since 2013 and who will now focus more on his role as president of his family holding company and its diverse business interests.

“Sentry is one of our key investments,” Driscoll says in a statement. “As a principal shareholder, I have every confidence that Phil and the team will successfully continue Sentry’s growth and continue to deliver strong performance for the more than half a million Canadian investors we serve.”

“For the past nine years, I have had the pleasure of working with Sean, who has been a very successful business builder. During his tenure as CEO, Sentry’s assets under management grew to more than $18 billion from $9 billion. Sean has demonstrated exceptional vision and a deep knowledge of the investment business,” says Yuzpe in a statement.

“Sentry has enjoyed impressive growth and success as more and more Canadian financial advisors and investors have entrusted Sentry with building and preserving wealth,” Yuzpe adds. “Our success starts and ends with a high-performance culture and an unwavering commitment to our clients and our core values of teamwork, collaboration and respect. I look forward to continuing to instil those values in our employees and to embody them in my new role.”

“Since joining Sentry in 2006, Phil has acquired a deep knowledge of every facet of Sentry’s business and is a seasoned executive with proven operational and leadership skills,” notes John Driscoll, founder and chairman of Sentry Investments, in a statement. “He has been, and will continue to be, a tremendous asset for Sentry and we could not be more pleased that he has accepted this expanded role.”

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