RF Capital Group Inc. has nominated new candidates for its board, the firm said in a release on Monday.
Vincent Duhamel, Jane Mowat and Sandy Riley will stand for election to the firm’s board at RF Capital’s annual shareholder meeting on May 26.
The nominations follow RF Capital’s rejection of a takeover bid from Canaccord Genuity Inc. in favour of capitalizing on growth opportunities.
“With the nomination of these highly sought-after director candidates, we have taken another important step toward supporting and advancing our bold and ambitious transformational growth agenda,” said Don Wright, chair of RF Capital’s board, in the release. “Core to this transformation is a highly engaged, majority independent and resolute board.”
Duhamel was previously Fiera Capital’s global president and vice-chair, where he “played a significant role in strategic acquisitions,” the release said.
Prior to joining Fiera, Duhamel was partner and CEO at asset manager Lombard Odier in Asia, CEO of State Street Global Advisors Asia and a former managing director of Goldman Sachs Asset Management in Asia.
Mowat is the former lead director of Via Rail Canada Inc., former CFO of TSX-listed software company Centrinity and former general manager of IBM Americas. She also brings “extensive corporate finance and acquisition expertise,” the release said.
Riley is CEO of Richardson Financial Group Ltd., RF Capital’s largest shareholder. He brings “significant wealth management expertise” as co-founder of one of the predecessor firms to Richardson Wealth and as past chair, president and CEO of Investors Group Inc., the release said.
Following the annual shareholder meeting and subject to shareholder approval, RF Capital’s board will comprise eleven directors, nine of whom will be independent.