Sprott, the Canada-based investment firm, said industry veteran Peter Grosskopf is joining the company as chief executive and member of its board of directors, effective from 7 September.

Grosskopf has worked in the Canada financial services industry for more than 23 years, most recently as president of Cormark Securities. He was also a co-founder of Newcrest Capital, a business acquired by TD Bank Financial Group in 2000.

Meanwhile, the firm said that Kevin Bambrough will continue in his role as president of Sprott where he will focus on new investment strategies and supporting Grosskopf in corporate and business development activity. Bambrough will also remain as CEO of Sprott Consulting where he will be responsible for leading its operations and growth.

Toronto-headquartered Sprott currently operates through three distinct business units: Sprott Asset Management, Sprott Private Wealth and Sprott Consulting.