CEO Quits at Canadian Investment Manager

Nick Parmee

14 May 2008

Allan Smith, president and chief executive officer of Canadian Investment Manager Saxon Financial, has resigned for personal reasons, effective immediately. The board of directors has issued a statement thanking him for his contributions to the organisation and wishing him well in his future endeavours. Robert Tattersall, executive vice president, has been appointed interim president and chief executive officer. He is one of the founders of Howson Tattersall Investment Counsel, the company's investment management subsidiary and a current Saxon Financial director. Saxon Financial has three principal businesses: Saxon Funds Management, which manages a family of mutual funds; Howson Tattersall Investment Counsel, an institutional asset management business; and Howson Tattersall Private Asset Management, a private client asset management business.