Vancouver-based Matrix Asset Management Inc. (TSX:MTA) said Thursday that G. Peter Marshall has resigned from the company’s board of directors.
Marshall has over 40 years of experience in the investment industry. He founded Seamark Asset Management Ltd. – the institutional and high net worth operating subsidiary of Matrix – in 1982 and is its former chairman and CEO. He has been a member of the Matrix board since the company’s inception of in January 2010.
Marshall also served on the audit committee.
Matrix says the appointment of an additional director to the audit committee is anticipated to occur prior to, or near the time of the next annual meeting of shareholders.
Matrix is a diversified asset and wealth management company with approximately $1.1 billion in assets under management and offices across Canada.