Sprott Asset Management USA Inc., a subsidiary of Toronto-based Sprott Inc., announced on Tuesday that it is opening an office in New York and it has also appointed Edward Coyne as executive vice president and national sales manager.
Coyne will lead the firm’s U.S. sales team and focus on building relationships across both the institutional and advisor channels while the New York office will serve as a business development centre.
“Establishing a centralized marketing and business development presence in New York is a natural step in the growth of our firm. We continue to make strategic investments that drive the future growth of Sprott and help us better serve our clients,” says James Fox, president of Sprott Asset Management, in a statement.
Fox also adds that Coyne will help the firm in its growth as “he brings to Sprott more than two decades of distribution and client service experience and established relationships with institutional investors and financial advisors. We look forward to his contributions to the firm and our growing client base.”
“I am excited to join Sprott, which is one of the pre-eminent alternative asset managers in the world and offers clients a strong portfolio of best-in-class listed products,” says Coyne in the statement.
Coyne has spent the previous 18 years as a principle and investment specialist with Royce & Associates. He has also worked with Zweig Mutual Funds and Neuberger Berman as a regional sales director.