Veteran financial industry executive Laurie Munro is retiring from his current post as CEO of NexGen Financial Corp.
The firm announced Wednesday that, effective immediately, its president and CEO is stepping down. As NexGen (TSXV:NFX) launches its search for a new CEO, two of the firm’s senior executives will serve as co-CEOs.
Abe Goenka, senior vice president, chief financial officer and chief operating officer, will be joined by Jeff Young, senior vice president investments and chief investment officer, as co-CEOs.
Young has been with NexGen since it was founded, is the lead manager on several NexGen funds and chairs its investment committee. Goenka joined NexGen in 2007. He is responsible for operation and financial reporting, and he actively manages the NexGen mutual fund tax structure.
“I believe that the combination of operational, marketing and portfolio management skills possessed by Abe and Jeff is the right combination required to advance the growth of the corporation in this transitional period,” said Geoff Matus, chairman of the board.